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Bitcoin Forum > Economy > Marketplace > Service Discussion > MtGox Will Surely Deliver? VOTE
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Question: What is the real cause of MtGox withdraw delays?  (Voting closed: August 28, 2013, 05:18:33 PM)
It's "because of US govt" - 18 (28.1%)
"Our current bank" limit is "up to 10 transfers per day" - 8 (12.5%)
No bank in Japan can do more than 10 SWIFT transfers per day - 3 (4.7%)
They are temporarily illiquid and stalling for time - 11 (17.2%)
They are insolvent and stalling for time - 18 (28.1%)
They use webbased banking and forgot their password - 6 (9.4%)
Total Voters: 64

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Author Topic: MtGox Will Surely Deliver? VOTE  (Read 1416 times)
oyvinds (OP)
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August 14, 2013, 05:18:33 PM
 #1
Reading list before you vote (I advise you to pop some popcorn beforehand):

MtGox withdrawal delays [Gathering]
https://bitcointalk.org/index.php?topic=179586.

Mt.Gox/Bitstamp sustained spread reaches all time high at 12.48% on August 12th
https://bitcointalk.org/index.php?topic=273025.0

Mt GOX starting to die?
https://bitcointalk.org/index.php?topic=272120.0

Mt Gox wire withdrawal, usd
https://bitcointalk.org/index.php?topic=271824.0

MtGox won't pay me my bitcoins!
https://bitcointalk.org/index.php?topic=266809.0

MtGox: Wait it out or take haircut. (only vote if > $1k in gox account)
https://bitcointalk.org/index.php?topic=272440.0

I'll add more poll options if anyone has good suggestions.
Peter Lambert
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August 19, 2013, 10:07:49 PM
 #2
My guess is that they have a large amount frozen by banks and/or the US government, so I guess that would count as "illiquid". Has anybody found out how much was frozen in their Dwolla account? Did they get that amount back from Dwolla yet?
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BitCoinNutJob
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August 19, 2013, 10:14:59 PM
 #3

They are actually probably the safest exchange to hold money currently/
Peter Lambert
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August 20, 2013, 02:28:00 AM
 #4
Quote from: BitCoinNutJob on August 19, 2013, 10:14:59 PM

They are actually probably the safest exchange to hold money currently/

You're being sarcastic, right?
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bystander
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August 20, 2013, 04:30:30 AM
 #5
Quote from: Peter Lambert on August 20, 2013, 02:28:00 AM
Quote from: BitCoinNutJob on August 19, 2013, 10:14:59 PM

They are actually probably the safest exchange to hold money currently/

You're being sarcastic, right?

Surely, he can't be serious.
niko
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August 20, 2013, 06:35:07 AM
 #6
In the August statement, they hinted to have suffered "significant losses" due to immediately crediting accounts with pending wire deposits. Perhaps this really is significant. Perhaps they got scammed out of months worth of profits. Add to this Dwolla and other frozen funds, legal fees, and regular expenses.
They're there, in their room.
Your mining rig is on fire, yet you're very calm.
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