MtGox withdrawal delays [Gathering]

[WuttWutt]

i'll give 1 real btc for 10 gox btc

[1715024931]

1715024931

[1715024931]

1715024931

[fonzie]

I did it yesterday several times, all worked.

Are you buying gox coins or selling?

Buying of course, just like every sane person....

[rpietila]

I did it yesterday several times, all worked.

Are you buying gox coins or selling?

Selling. I want to give people more than I take!

[TwinWinNerD]

I did it yesterday several times, all worked.

can someone confirm that this is still working today?

[bakada]

..

[jack0m]

Dear MtGox Customers,

In our efforts to resolve the issue being encountered by various bitcoin withdrawals, it was determined that the increase in the flow of withdrawal requests has hindered our efforts on a technical level. To understand the issue thoroughly, the system needs to be in a static state.

In order for our team to resolve the withdrawal issue it is necessary for a temporarily pause on all withdrawal requests to obtain a clear technical view of the current processes.

We apologize for the sudden short notice. All bitcoin withdrawal requests will be on pause, and the withdrawals in the system will be returned to your MtGox wallet and can be reinitiated once the issue is resolved. The trading platform will perform as usual for the needs of our customers. 



Is it just me who noticed a certain inconsistency between the bolded statements?

[ImI]

Dear MtGox Customers,

In our efforts to resolve the issue being encountered by various bitcoin withdrawals, it was determined that the increase in the flow of withdrawal requests has hindered our efforts on a technical level. To understand the issue thoroughly, the system needs to be in a static state.

In order for our team to resolve the withdrawal issue it is necessary for a temporarily pause on all withdrawal requests to obtain a clear technical view of the current processes.

We apologize for the sudden short notice. All bitcoin withdrawal requests will be on pause, and the withdrawals in the system will be returned to your MtGox wallet and can be reinitiated once the issue is resolved. The trading platform will perform as usual for the needs of our customers. 



Is it just me who noticed a certain inconsistency between the bolded statements?

Trading engine and Wallet angine are two seperated systems. So its not very surprising that one keeps running while the other is stopped.

[jack0m]

Dear MtGox Customers,

In our efforts to resolve the issue being encountered by various bitcoin withdrawals, it was determined that the increase in the flow of withdrawal requests has hindered our efforts on a technical level. To understand the issue thoroughly, the system needs to be in a static state.

In order for our team to resolve the withdrawal issue it is necessary for a temporarily pause on all withdrawal requests to obtain a clear technical view of the current processes.

We apologize for the sudden short notice. All bitcoin withdrawal requests will be on pause, and the withdrawals in the system will be returned to your MtGox wallet and can be reinitiated once the issue is resolved. The trading platform will perform as usual for the needs of our customers. 



Is it just me who noticed a certain inconsistency between the bolded statements?

Trading engine and Wallet angine are two seperated systems. So its not very surprising that one keeps running while the other is stopped.

I see, but my point is that any trade implies moving btc between different addresses, so the resulting system is far from static

[ImI]

Dear MtGox Customers,

In our efforts to resolve the issue being encountered by various bitcoin withdrawals, it was determined that the increase in the flow of withdrawal requests has hindered our efforts on a technical level. To understand the issue thoroughly, the system needs to be in a static state.

In order for our team to resolve the withdrawal issue it is necessary for a temporarily pause on all withdrawal requests to obtain a clear technical view of the current processes.

We apologize for the sudden short notice. All bitcoin withdrawal requests will be on pause, and the withdrawals in the system will be returned to your MtGox wallet and can be reinitiated once the issue is resolved. The trading platform will perform as usual for the needs of our customers. 



Is it just me who noticed a certain inconsistency between the bolded statements?

Trading engine and Wallet angine are two seperated systems. So its not very surprising that one keeps running while the other is stopped.

I see, but my point is that any trade implies moving btc between different addresses, so the resulting system is far from static

i dont think that any trade implies that btc are being moved between different addresses. its possible to have several addresses that for instance hold 1 BTC and to just declare different ownership of this particular address. so no coins moving just a database that keeps track.

[Bitnicity]

Dear MtGox Customers,

In our efforts to resolve the issue being encountered by various bitcoin withdrawals, it was determined that the increase in the flow of withdrawal requests has hindered our efforts on a technical level. To understand the issue thoroughly, the system needs to be in a static state.

In order for our team to resolve the withdrawal issue it is necessary for a temporarily pause on all withdrawal requests to obtain a clear technical view of the current processes.

We apologize for the sudden short notice. All bitcoin withdrawal requests will be on pause, and the withdrawals in the system will be returned to your MtGox wallet and can be reinitiated once the issue is resolved. The trading platform will perform as usual for the needs of our customers. 



Is it just me who noticed a certain inconsistency between the bolded statements?

Trading engine and Wallet angine are two seperated systems. So its not very surprising that one keeps running while the other is stopped.

I see, but my point is that any trade implies moving btc between different addresses, so the resulting system is far from static

no, you don't need to physically move btc between addresses when trading, it's just pure booking matter, what matter is to determine the btc number in each user's account, when deposit or withdrawal happen, just make appropriate adjustment; you don't even need "address" for each user when you keep you coins in an exchange.

[jack0m]

Dear MtGox Customers,

In our efforts to resolve the issue being encountered by various bitcoin withdrawals, it was determined that the increase in the flow of withdrawal requests has hindered our efforts on a technical level. To understand the issue thoroughly, the system needs to be in a static state.

In order for our team to resolve the withdrawal issue it is necessary for a temporarily pause on all withdrawal requests to obtain a clear technical view of the current processes.

We apologize for the sudden short notice. All bitcoin withdrawal requests will be on pause, and the withdrawals in the system will be returned to your MtGox wallet and can be reinitiated once the issue is resolved. The trading platform will perform as usual for the needs of our customers. 



Is it just me who noticed a certain inconsistency between the bolded statements?

Trading engine and Wallet angine are two seperated systems. So its not very surprising that one keeps running while the other is stopped.

I see, but my point is that any trade implies moving btc between different addresses, so the resulting system is far from static

no, you don't need to physically move btc between addresses when trading, it's just pure booking matter, what matter is to determine the btc number in each user's account, when deposit or withdrawal happen, just make appropriate adjustment; you don't even need "address" for each user when you keep you coins in an exchange.

well, I'm not willing to dig into the details of their architecture. So we must assume they also have separate systems for deposit and withdrawal. And the latter is the only one affected by the issue

[dafqok]

I have a 5 figure amount SEPA withdrawal pending since 17 January and will let you all know when I receive that money.
They are probably processing SEPA withdrawal of the first weeks of January now so I am expecting to have to wait 3 more weeks.

I'm in the same boat with a transaction confirmed on the 20th, similar amount. If they'd stick to their claim, processing is due on the Tuesday. If not, scam spilled over to SEPA. Where do EUR funds reside? Poland afair?

MtGox are very open about their SEPA delays and the reason for the delays.  Last time I heard they were processing SEPA withdrawals from January 1st.  If people have been as busy withdrawing via SEPA as via domestic JPY during the new year holidays, it will take about four days to process each day of SEPA withdrawals due to the daily limit (which has been confirmed by their bank).  We may not be further than to the 3rd at the end of next week.  I am hoping for better progress than that, of course.  I have one confirmed since January 4th myself.

I'm not trying to erode your confidence, hence your reasoning. But being _clear_ on the status of SEPA withdrawals sounds different to me than the answer to my inquiry of status and backlog I've received today:
Unfortunately we do not having this information at this moment and we would be able to provide a clear picture soon. Once again we apologize for the delay.

[sturle]

I'm not trying to erode your confidence, hence your reasoning. But being _clear_ on the status of SEPA withdrawals sounds different to me than the answer to my inquiry of status and backlog I've received today:
Unfortunately we do not having this information at this moment and we would be able to provide a clear picture soon. Once again we apologize for the delay.

It is Saturday.  The accounting people are not there.  Support don't have direct access to this information.  They ask their manager who ask the manager of the accounting team, like in most other companies with more than a few employees.  I've tried to ask Marion (manager of support) a few times last week on IRC, but my questions probably drowned in BTC withdrawal noise.  The fact that Japanese business hours coincide exactly with my sleeping hours doesn't help either.  She must ask accounting or Mark himself about this, and can't whey they are busy or after they went home.  The 20-day rule can complicate this even more, making it difficult even for accounting to give an exact date.

[TooDumbForBitcoin]

Anyone has information about the legal actions that can be taken against Gox for this inconvenience?

https://bitcointalk.org/index.php?topic=179586.msg4984192#msg4984192

[rpietila]

What's the confidence level they will resume withdrawals?

goxUSD has been valued about 0.87 when BTC withdrawals were working and fiat did not (15% premium in goxBTC price).
Now goxBTC is 0.95 compared to goxUSD and no withdrawals are working.

So, logically goxBTC should be trading at 0.87*0.95=0.83, which it indeed is (made trades at that price today).

So the probability that they resume withdrawals is much greater than 83%, because there is also the scenario that despite resuming, no realistic improvement has happened and essentially you cannot get everything out if you wished. And the scenario that it takes long before it works.

[rpietila]

If you think that fat chance they will open anything on Monday, there are willing buyers for your coins here.

[Mythul]

monday is going to be one hell of a day.

[donk4u]

monday is going to be one hell of a day.

They will announce that they are working feverishly to fix the withdrawl bug for the next month before another excuse. They will probably be proven to be broke in another six months or so.

[itsunderstood]

monday is going to be one hell of a day.

They will announce that they are working feverishly to fix the withdrawl bug for the next month before another excuse. They will probably be proven to be broke in another six months or so.

[^^^ believes not, in magicks.]

[smoothie]

FBI seized most of the coins/money....

In that case it is on public record, and should be easy to prove.  So, do you have proof, or are you just another manipulator or useful idiot?

I guess your claims the other day that you couldn't prove makes you an idiot as well? Or just a shill?

Hi manipulator.  Where is your apology signed by your mother?

You miss completely, btw.  Read here for my definition of an useful idiot.

Aww sticks and stones. Thanks for the name "Manipulator". I'll take that as a compliment as it is probably a much bigger position than myself to be a real manipulator.

You mad bro?