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Author Topic: MtGox withdrawal delays [Gathering]  (Read 877235 times)
cozytrade
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February 11, 2014, 04:28:45 PM
 #3921

lol  Grin
http://www.bloomberg.com/news/2014-02-10/bitcoin-exchange-mt-gox-says-users-can-withdraw-cash-as-normal.html

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“We’re sending cash to people in Japan and around the world as normal. They can exchange coins into cash,” Keferl said in Tokyo.

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BreathOfZen
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February 11, 2014, 04:32:30 PM
 #3922

MtGox is a criminal organization at this point, and a simple example of their skullduggery is that they have shills like sturle running around making really, incredibly bad arguments in Gox's favor that depend on the naivete of the reader for plausibility.  I am going to start putting GoxShills on ignore when I see em, starting with sturle.

Aoeui Artifacts
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February 11, 2014, 04:32:43 PM
 #3923

Chuck Norris, Chuck Norris, please come to the Mark
Karpleles office!

Even Chuck Norris can't handle the mess that's in there.

Maybe the guy is scared of gaybauchery.  That would be enough to keep me out of there!


donk4u
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February 11, 2014, 04:37:27 PM
 #3924

MtGox is a criminal organization at this point, and a simple example of their skullduggery is that they have shills like sturle running around making really, incredibly bad arguments in Gox's favor that depend on the naivete of the reader for plausibility.  I am going to start putting GoxShills on ignore when I see em, starting with sturle.

copied wrong link
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February 11, 2014, 04:38:44 PM
 #3925

lol  Grin
http://www.bloomberg.com/news/2014-02-10/bitcoin-exchange-mt-gox-says-users-can-withdraw-cash-as-normal.html

Quote
“We’re sending cash to people in Japan and around the world as normal. They can exchange coins into cash,” Keferl said in Tokyo.

maybe someone can post this link to bloomburg news reporters as they have emails attatched for rebutals . HOpefully someone has done that already. Didn't notice comments enabled lolz no need to send anything in that case.
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February 11, 2014, 04:40:07 PM
 #3926

... So far only Coinbase and blockchain.info released statements claiming they were not affected by the issue, and Coinbase wasn't exactly clear about it..

Interestingly, for 1/2 a year since pulling out of Mt. Gox, Coinbase and Blockhain.info are the only two Bitcoin related enterprises that I'm willing to trust any non-trivial amounts of funds to.


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February 11, 2014, 04:43:10 PM
 #3927

MtGox is a criminal organization at this point, and a simple example of their skullduggery is that they have shills like sturle running around making really, incredibly bad arguments in Gox's favor that depend on the naivete of the reader for plausibility.  I am going to start putting GoxShills on ignore when I see em, starting with sturle.

Strudle was basically the last of the Mohicans as far as I can tell, and this has been the case for months.


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February 11, 2014, 04:45:00 PM
Last edit: February 11, 2014, 04:56:04 PM by donk4u
 #3928

MtGox is a criminal organization at this point, and a simple example of their skullduggery is that they have shills like sturle running around making really, incredibly bad arguments in Gox's favor that depend on the naivete of the reader for plausibility.  I am going to start putting GoxShills on ignore when I see em, starting with sturle.

Strudle was basically the last of the Mohicans as far as I can tell, and this has been the case for months.



Strudle is able to buy at .50 on the dollar and get money off unlike the rest of us. hmm getting bad gateway when try to load gox anyone else? ddos? back up big deal though
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February 11, 2014, 04:50:32 PM
 #3929

MtGox is a criminal organization at this point, and a simple example of their skullduggery is that they have shills like sturle running around making really, incredibly bad arguments in Gox's favor that depend on the naivete of the reader for plausibility.  I am going to start putting GoxShills on ignore when I see em, starting with sturle.

Strudle was basically the last of the Mohicans as far as I can tell, and this has been the case for months.


Strudle is able to buy at .50 on the dollar and get money off unlike the rest of us.

Although I've not seen any hard evidence of this, I don't doubt it.  At least in principle.  For a long time I've suspected that he's achieved some advantages which are denied to most and is very much attached to the (former) status quo, and that that is the most likely driving force behind his shilling.


igorr
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February 11, 2014, 05:06:51 PM
 #3930

Do you know this man ?



http://en.wikipedia.org/wiki/Ponzi_scheme

Cлaвьcя, Oтeчecтвo нaшe cвoбoднoe,
Бpaтcкиx нapoдoв coюз вeкoвoй,
Пpeдкaми дaннaя мyдpocть нapoднaя!
Cлaвьcя, cтpaнa! Mы гopдимcя тoбoй!
mike81
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February 11, 2014, 05:24:40 PM
 #3931

I slowly start to believe that this is the stalemate we'll be in for months to come, if not forever.
Some might argue that we actually have been for some time already.
donk4u
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February 11, 2014, 05:38:54 PM
 #3932

I slowly start to believe that this is the stalemate we'll be in for months to come, if not forever.
Some might argue that we actually have been for some time already.


Just mind boggling that there is no one to put a stop to gox and their outright thievery and on top of that IrrIsponsible news outlet like bloomburg news are giving them a platform
itsunderstood
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February 11, 2014, 06:24:05 PM
 #3933

It's about how exchanges implement digital signatures in relation to transactions.

It's about shitty IT people.  There are a lot of them; Managers and directors and VP are the worst enemies of security and common sense.

But its a closed system so you don't know if your bank or BTC exchange ACTUALLY have good IT practice and non-douche IT leaders.  Odds are against common sense in closed systems.

Check out my prescient ATS thread from 2008: "Windows XP: End the Cyberwar, Open the Code Now!" http://www.abovetopsecret.com/forum/thread411978/pg1
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February 11, 2014, 06:31:20 PM
 #3934

"Bitstamp Support
11th Feb., 2014
Bitcoin withdrawal processing suspended
Dear Bitstamp users Bitstamp’s exchange software is extremely cautious concerning Bitcoin transactions. Currently it has suspended processing Bitcoin withdrawals due to inconsistent results reported by our bitcoind wallet, caused by a denial-of-service attack using transaction malleability to temporarily disrupt balance checking. As such, Bitcoin withdrawal processing will be suspended temporarily until a software fix is issued. No funds have been lost and no funds are at risk. This is a denial-of-service attack made possible by some misunderstandings in Bitcoin wallet implementations. These misunderstandings have simple solutions that are being implemented as we speak, and we're confident everything will be back to normal shortly. Withdrawals which failed on the 10th and 11th of February will be canceled and the amounts added back to the customer account balances. We will communicate any further developments regarding this issue. Thank you for your understanding! Best regards Bitstamp team"

https://www.bitstamp.net/news/

It seems like other exchanges have the same problem now...
mike81
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February 11, 2014, 06:38:35 PM
 #3935

Yes, Coindesk has the story too:
http://www.coindesk.com/massive-concerted-attack-launched-bitcoin-exchanges/
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February 11, 2014, 06:41:41 PM
 #3936

On BTC-E I read something else from users over there:

1.) "zkaraca: We maybe not realising, but with these crashes WE kill bitcoin. Not others. We kill it. We should have more faith and keep our coins."

and:

2.) "Thireus: This time, there will be a second bigger crash --> when China will wake up and that Huobi will announce the same!"
itsunderstood
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February 11, 2014, 06:44:58 PM
 #3937

Well now that's a good 72 hour response.  DERP all round.

So, SIMPLE POINT HERE: Why doesn't Gox just take up ONE ALTERNATE CURRENCY?

Why doesn't Gox allow BTC conversion into some crypto which can be sent to a functioning exchange with good IT people?  Why the snobbery as to BTC being immutable into other coins?  

My main reason for hating an exchange is limiting my freedom.  So my < 1 BTC at Gox is held hostage, yes, but it's not gone, just captured.  What now?  I would convert it to [censored]coin right at Gox, if they had anything other than BTC.

Check out my prescient ATS thread from 2008: "Windows XP: End the Cyberwar, Open the Code Now!" http://www.abovetopsecret.com/forum/thread411978/pg1
sturle
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February 11, 2014, 06:50:42 PM
 #3938

Conclusion: Bitcoin-Qt/bitcoind does not track changed transactions properly.  Changed transactions will show up as a new transaction, and I would need the  "new txid" thing to track those properly.  It is not only MtGox.  Services using bitcoind, like mine, may be vulnerable as well.
Hm, wonder if this explains why I've heard all other exchanges updating their systems as well. I believe this mutability issue is not as "insignificant" as the core dev team is attempting to convey.
Yes, the problem may be sperading.  I have been waiting more than three hours now for the withdrawal of the rest of my BTC from Bitstamp.  #bitcoin-otc is full of other people with the same problem.  Anyone else experiencing problems withdrawing BTC from other exchanges today?  The withdrawal is marked "Finished" in my Bitstamp transaction history.  I have tried to contact support there, but no answer yet.
you make it up as you go along. nobody in the entire universe except you is having problems with bitstamp
Seems to be a common problem.

Reddit is full of it as well.  Both Bitstamp and BTC-E.  I don't know if it is related to MtGox's problem or not.  So far only Coinbase and blockchain.info released statements claiming they were not affected by the issue, and Coinbase wasn't exactly clear about it..
both bitstamp and coinbase are still allowing thier customers to cashout to wallets and thier customers are not being forced to short sell because of mass panic that mt gox induced created.People like yourself are able to take advantage of those not being able to cashout  and are doing just that. If Mt gox had a shred of concern about their customers they would implement alternative withdrawl to wallets instead of halting cashouts trapping certain peoples money while allowing people like you to take advantage and make huge profits.
Agreed. Mtgox should have halted trading before halting withdrawals of BTC. Obvious market manipulation while MTGOX collects fees on every trade. Utter BS.
Meanwhile, about 8 hours after suspending withdrawals, Bitstamp withdrawal suspension is official: https://www.bitstamp.net/article/bitcoin-withdraws-suspended/

And BTC-E: https://twitter.com/btcecom/status/433249934456807424

None of the exchanges have halted trading.  But MtGox should just because they were first?  I'd like to hear that one explained.

And blockchain.info, which were "not affected" have problems as well:
Quote from: #bitcoin-dev
16:35 < amantonop> Andreas M. Antonopoulos here, from blockchain.
16:35 < amantonop> We are detecting bot activity attempting to exploit the
                   TX-Malleability issue
16:37 < amantonop> I am acting as incident coordinator for blockchain.info and
                   we require assistance from the core developers.
16:37 < petertodd> amantonop: howdy
16:37 < amantonop> Hi Peter
16:37 < petertodd> amantonop: bc.i lets users spend unconfirmed outputs?
16:37 < amantonop> No the issue is not affecting customer wallets
16:37 < petertodd> amantonop: ah good
16:38 < petertodd> amantonop: what is the issue for you then?
16:38 < amantonop> Can you contact me on skype so I can explain in less public forum?
16:38 < petertodd> amantonop: sure

Bitcoin-Qt not affected?  Yeah, right:
Quote
16:44 < Luke-Jr> BB-Martino: bad in what sense?
16:45 < BB-Martino> Bad in the sense that you can't really trust TXIDs. For
                    example if someone sends coins somewhere and it doesn't get
                    credited, and he wanted to post a TXID to prove it's there,
                    it'd be problematic.
16:46 < BB-Martino> My "" account growing more and more negative by every hour
                    is also bad.
16:47 < Luke-Jr> BB-Martino: you're not supposed to "trust" txids.
16:48 < Inception> Hi. Can anyone confirm there is a possible malled tx attack
                   in progress?
16:49 < Inception> we are getting this:  Error: The transaction was rejected!
                   This might happen if some of the coins in your wallet were
                   already spent, such as if you used a copy of wallet.dat and
                   coins were spent in the copy but not marked as spent here.
16:49 < helo> no such thing afaik
16:49 < Inception> we are 100% sure the wallet has no other copy
16:49 < Inception> and we just ran the resync. the problem appeared again
                   shortly
16:49 < BB-Martino> Luke: it's not about trust, maybe I put it wrong. It makes
                    debugging really hard.
[...]
17:24 < epscy> BB-Martino: i'm not a user of your site (BitBargain?), but I
               think most users would understand
17:25 < BB-Martino> for a while, yes
17:25 < BB-Martino> but for weeks, i'm not so sure
17:25 < epscy> BB-Martino: tx maleability has been highlighted since gox raised
               it in their press release, it's likely lots of people are now
               trying to exploit it against every bitcoin service
17:26 < BB-Martino> yes, i see that in my default balance.
17:26 <@jgarzik> yep
17:26 < BB-Martino>     "" : -21.08554493,
17:26 < BB-Martino> OH WOW!
17:26 < BB-Martino> it was only -7 yesterday
17:27 < BB-Martino> WAIT WHAT !@#?!@?#!?@#!?@#
17:27 < BB-Martino> btc@nl:~$ bit getbalance
17:27 < BB-Martino> 345.75519626
17:27 < BB-Martino> btc@nl:~$
17:27 < BB-Martino> it's supposed to be 176.33
17:27 < BB-Martino> my accounting is completely screwed.
17:27 < BB-Martino> GREAT.

I think MtGox may have a point after all.  And for the claim that other exchanges work fine:  I think not.

Sjå https://bitmynt.no for veksling av bitcoin mot norske kroner.  Trygt, billig, raskt og enkelt sidan 2010.
I buy with EUR and other currencies at a fair market price when you want to sell.  See http://bitmynt.no/eurprice.pl
Warning: "Bitcoin" XT, Classic, Unlimited and the likes are scams. Don't use them, and don't listen to their shills.
donk4u
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February 11, 2014, 06:56:34 PM
 #3939

put strudle on ignore, when is gox next announcement on withdrawl issue? When bitcoin crashes to 50 dollars perhaps? THat would be my guess.
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February 11, 2014, 06:58:18 PM
 #3940

Now we need a lot money from MtGox and Bitstamp, but they will not have to make payments !

Cлaвьcя, Oтeчecтвo нaшe cвoбoднoe,
Бpaтcкиx нapoдoв coюз вeкoвoй,
Пpeдкaми дaннaя мyдpocть нapoднaя!
Cлaвьcя, cтpaнa! Mы гopдимcя тoбoй!
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