Bitcoin Forum

It seems that Bitstamp has problems with its USD bank account. They no longer receive USD. All the USD payments are locked for now.

http://insidebitcoins.com/news/bank-blocks-bitstamp-usd-deposits/29681

CoinBase at work ? They dont want the USD to go outside US ?

The article says Bitstamp has a temporary fix of using a different intermediary bank for wire transfers.

They've been having really bad luck, unfortunately. Hope they find a new banking partner fast. Unfortunately all of them seem to be dissing Bitcoin, as they're probably all afraid of the technology...

http://4.bp.blogspot.com/-xWcFzg-pkwc/T9k6hWuk-oI/AAAAAAAABJQ/hrL_hM52Fyo/s1600/Warning-Sign-300x300.gif

GET OUT ASAP OR GET GOXXXED!

Bitstamp's clients will have hard times next week

This is not the same as Gox and they claim to have an alternate bank, so give them a few days before screaming for people to sell when they should be buying BTC at discount prices.
All liar trolls will eventually burn in Hell.

BTC bull scammers practically own hell :(

I didn´t say a word about selling. But that´s probably just your usual butthurt bull paranoia...

I just recommend to get out there via USD or BTC as long as it is possible, whatever...

Don´t ignore the warning signs.

1. Hacked and robbed
2. Banking problems
3. Weird trading activity

What, banks randomly blocking USD transfers? Seems like USD is in big trouble. Or worse: USD IS HACKED!! Better panic sell all my dollars!

This is an attack, I doubt this is Bitstamps fault but a shoddy attempt by the banking system to shut their operations down, I hope they get through it okay.

Banks are probably starting to ban Bitstamp coz they "know".
Remember how it started with Gox, when "Dwolla" stepped out, and over the following months one bank after another stopped cooperating with them.
Warning signs!

I think the same.

I wouldn't want to be in the Bitstamp's client skin now...

If solvency is your concern I would pay more attention to the withdraw side. 

Yeah, they probably doing this due to issues with many banks being against bitcoin transactions would be my guess.

we will see many withdrawals from Bitstamp on Monday...

Not true.  People get fucked, then they get fucked again.  It is like lambs going to slaughter.  They never learn.  Nearly everyone will be sitting there thinking: 'this time, everything will be OK  -  right?'  And the next moment all their money is gone.  Don't you remember how many warnings there were for Gox?  Nobody moved.

then they will deserve to lose the funds

They were 'too big to fail'.

Mt Gox was "giant" and it failed without any problem.

BTCe FTW?

Bitstamp has weathered some storms, so I wouldn't write them off just yet...where one stodgy old banker closes a door, a younger slicker smaller bank says c'mon down, we'll be happy to take your money...green is green.

In fact, small banks that truly "get it" are going to start realizing they would be better off using bitcoin to transfer funds between their own banks than the overly costly systems we have now (like ACH).

Some of you guys are hilarious.

How is Bitstamp having trouble getting money *in* from the US any indication that they (the exchange) are "going the way of mtgox"?

Sure, it sucks. But bank transfers being blocked for deposits is hardly the sign of an illiquid exchange. In fact, one of the things that worked on gox until the very end was sending money *in* :D

it is very hard to open a bank account for BTC exchanges.

The intermediary bank of my bank refused sending money to BTCe since August last year.

Bitsmap is getting down eventually . First hacked .. THey implented Multisig security , now Bank blocks USD Deposits , wondering what's going to happen next . I hope people don't ignore this warning and know when to get their money and simply walk away.
Exchangers are defeating the whole purpose of Bitcoin to be honest , I mean ... They need ID's , Residental adress , Passport . RIP being Annonymus . If someone want  to trade his BTC for USD or Euro or any other currency he simply do that in forums (with trusted members)

~ Madness

Are you sending the wire to BTc or to their payment processor bank account?

Last time I checked BTCe had no bank account listed themselves. I always sent to Mayzus (sp?).

so, Maysuz bank account has issues...

What are you talking about ???

In order for something to be "too big to fail" someone needs to step in to prevent them from failing aka bail them out. The fact that there is no governing authority with bitcoin means that there is no one to bail out any "too big to fail" exchange

At least you understood the joke reference...better than some others.  8)

Bistamps is the 3rd exchange as volume and many other small exchanges are linked to them too.

Well apparently gox at least thought they would/could get bailed out as they asked other large exchanges to do so

Yes, some did move from Gox.  Others moved with the early warning signs.

Regarding Bitstamp, there are two things worth mulling over.

A.  Move coins out.  Never hold coins in an exchange.
B.  Move CURRENCY out.  It does not matter if it is into USD.  Move it out into Euros or whatever is convenient.

I am not connecting the dots from the DWOLLA-GOX freeze of $5M to Gox's downfall.  It may have been a factor, but bank reluctance to deal with Gox wasn't the reason Gox had so much money and coin vanish.

That bank reluctance may have helped the Goxing from being FAR WORSE.

interesting things happened on bitstamp  ::)

Yes i agree, BTC-E had no problems with since i have been there, if i was trading at stamp i would have been hacked already (nice trusty exchange) but they did pay everyone back so a shining light.

Can Bitstamp just use moneypolo, okay pay? Would not choose the latter but where there is a will there is a way?

I read some stories suggesting Gox had money in bank accounts that "disappeared" like a load of bitcoins "disappeared". It was a credible story that Gox might have been hacked and had bitcoins stolen, but I do not consider it very credible that a hacker could have disappeared money out of their bank account. There is a clear money trail from bank account withdrawals. Gox sounds like an inside job to me.

Perhaps Gox's bank noticed financial irregularities from the inside job and refused to do business because of them.

this thread is about BitStamp :)

it seems Bitstamp doesn't accept deposit anymore.