MtGox withdrawal delays [Gathering]

[Savior]

Rumor has it that SEPA is up to about Sept 10th (I have a transfer pending on the 13th and havenn't seen it come through yet, nor change from confirmed to processed).

so is September 13 th already processed ?

its not even pending in my book....so the buck stopped right here!!??

Pending yet?

[anawaz]

I'm pretty much ready to sell at a loss and get whatever I have out of Mt Gox. Every sign points to their solvency being a major issue and I personally know of another exchange that went through a similar phase before declaring bankruptcy.

It's a shame, really - when they cancel the bank transfer they don't even offer to give you back the fees they charged you when you sold the BTC - an honest business would actually do that because you'll have to buy back BTC because of their incompetence.

I even asked them to just convert my Sterling to EUR because allegedly SEPA transfers would be faster - but they can't do that even at the market rate + a fee. Then for SEPA transfers too they say it would take at least 20 days for the payment to clear.

Every currency at Mt Gox obviously has a problem - which means the company is in trouble.

There are too many variables and too much uncertainty. A business that cannot commit cannot be trusted - it's just that simple.

And sad, of course.

[sturle]

I even asked them to just convert my Sterling to EUR because allegedly SEPA transfers would be faster - but they can't do that even at the market rate + a fee. Then for SEPA transfers too they say it would take at least 20 days for the payment to clear.

Every currency at Mt Gox obviously has a problem - which means the company is in trouble.

The SEPA delay is caused by high volume and the EU Payment Service Directive limiting MtGox to 3 million EUR worth of transfers within Europe each month.  PLN is included in this limit.

I got word of a GBP wire transfer from August arriving in September, btw.  I tried to make the recipient report the details here, but he hasn't.  I can understand this perfectly well.  As soon as you report good news here you are dismissed as a MtGox shill, and many people want to keep their economy private.

[zyk]

Rumor has it that SEPA is up to about Sept 10th (I have a transfer pending on the 13th and havenn't seen it come through yet, nor change from confirmed to processed).

so is September 13 th already processed ?

its not even pending in my book....so the buck stopped right here!!??

Pending yet?

holy shit...yep at least its pending...but not arrived yet

[mp420]

Rumor has it that SEPA is up to about Sept 10th (I have a transfer pending on the 13th and havenn't seen it come through yet, nor change from confirmed to processed).

so is September 13 th already processed ?

its not even pending in my book....so the buck stopped right here!!??

Pending yet?

holy shit...yep at least its pending...but not arrived yet

All right. So, it's about 6 weeks of SEPA queue at the moment. They don't seem to be catching up. Let's hope this is as long as the queue is going to get.

[bitdude]

I was informed that they are forbidden to provide information about why my money is being held for 3 months or when will the money be released. 

[Luno]

I was informed that they are forbidden to provide information about why my money is being held for 3 months or when will the money be released. 

US unconstitutional anti terrorism laws does not void contractual laws between parties. Report them  for fraud!! (every company can use that excuse to get an extra 3 months credit for free from their customers funds).

[Delerium]

I was informed that they are forbidden to provide information about why my money is being held for 3 months or when will the money be released. 

Got a screenshot of that?

[bnjmnkent]

What is the countdown on Mt.Gox being acknowledged as banking institution in Europe?

[Luno]

What is the countdown on Mt.Gox being acknowledged as banking institution in Europe?

They have been reported to Japanese police for fraud. And are in the process of being declared bankrupt!

You stupid fuck!

[tvbcof]

I was informed that they are forbidden to provide information about why my money is being held for 3 months or when will the money be released. 

I'd hypothesized that Mt. Gox could be restricted by a gag order, but it seemed to me unlikely that an investigation/harassment would rise to that level particularly given the jurisdictional issues.  I'm not aware of how (and if) gag orders are implemented when driven by the Japanese of course.  If Japan was pressured to apply U.S. gag order practices to Mt. Gox it would be a very interesting development...even considering their Mutum Smegma or whatever wing of their operations.

If there is any truth to this statement and I had any criminal dealings that could be elucidated by data that Mt. Gox holds, I'd be shitting a brick and thinking about acting upon any exit strategies which may exist.

To my knowledge, a gag order does not require that one lie to their customers (e.g., 'we hope to get new banking partners working in several weeks') so even if they are under a gag order I still feel that they've done me wrong and I'll not forget it.

[bnjmnkent]

What is the countdown on Mt.Gox being acknowledged as banking institution in Europe?

They have been reported to Japanese police for fraud. And are in the process of being declared bankrupt!

You stupid fuck!

Thank you very much for the information. Could you add some references please, sir.

You stupid fuck!

I had bad days recently, too.

[Luno]

What is the countdown on Mt.Gox being acknowledged as banking institution in Europe?

They have been reported to Japanese police for fraud. And are in the process of being declared bankrupt!

You stupid fuck!

Thank you very much for the information. Could you add some references please, sir.

You stupid fuck!

I had bad days recently, too.

Sorry, no intent to offend you. Yeah had too much of this. I'm the record holder: Had my withdraw lied about since May 5th.

Tokyo Metropolitan Police: http://www.keishicho.metro.tokyo.jp/anzen/sub1.htm

Public Legal assistance offices: http://www.houterasu.or.jp/housenmonka/seitsuu/index.html

[sturle]

What is the countdown on Mt.Gox being acknowledged as banking institution in Europe?

They have been reported to Japanese police for fraud. And are in the process of being declared bankrupt!

You stupid fuck!

Thank you very much for the information. Could you add some references please, sir.

You stupid fuck!

I had bad days recently, too.

Sorry, no intent to offend you. Yeah had too much of this. I'm the record holder: Had my withdraw lied about since May 5th.

Tokyo Metropolitan Police: http://www.keishicho.metro.tokyo.jp/anzen/sub1.htm
Public Legal assistance offices: http://www.houterasu.or.jp/housenmonka/seitsuu/index.html

As I suspected.  Just your usual big mouthed trolling.  You haven't reported anything, and no company will be declared bankrupt unless it is.  MtGox is obviously not.

[Savior]

Americans and their lawsuits ..

[mp420]

One positive development: Gox seems to have started updating their FAQ more regularly about the SEPA queue.

Situation as of 24 October 2013: We are currently processing withdrawals requested six weeks ago. (Users with several withdrawals in the queue must take the 20 day rule above into account)

Apparently some kind of glut in the withdrawals from around Sep 11 onwards, since they haven't really progressed at all from week ago. However, there's a steady stream of reports of completed SEPA withdrawals, so there's hope left.

[Lohoris]

What is the countdown on Mt.Gox being acknowledged as banking institution in Europe?

They have been reported to Japanese police for fraud. And are in the process of being declared bankrupt!

You stupid fuck!

Thank you very much for the information. Could you add some references please, sir.

You stupid fuck!

I had bad days recently, too.

Sorry, no intent to offend you. Yeah had too much of this. I'm the record holder: Had my withdraw lied about since May 5th.

Tokyo Metropolitan Police: http://www.keishicho.metro.tokyo.jp/anzen/sub1.htm
Public Legal assistance offices: http://www.houterasu.or.jp/housenmonka/seitsuu/index.html

As I suspected.  Just your usual big mouthed trolling.  You haven't reported anything, and no company will be declared bankrupt unless it is.  MtGox is obviously not.

+1

Just FUD-spreading.

[Luno]

I suggest you do the same thing, and the police does not hand out receipts when you report a crime.

[papamoi]

it seems even by paying 5% these guys are promising to give your money in 5 days.

The reality is that you ll have to wait 3 to 5 weeks to get your money in your account

so why are you promising people to have your money in 5 days??

[sturle]

I suggest you do the same thing, and the police does not hand out receipts when you report a crime.

Yes, they do.  If you file a proper report.  Don't expect anything to happen if not, unless someone's life is in immediate danger.