Dwolla can no longer process deposits or withdrawals to MtGox

[Arcas]

This is very bad.

I used Dwolla exclusive for getting money in and out of MtGox. They were great and cheap as others have said before.  

We need a US-based exchange to open up QUICKLY. This is not good news for bitcoins. It's only becoming harder to acquire bitcoins now.

Campbx bro

[1714093285]

1714093285

[1714093285]

1714093285

[1714093285]

1714093285

[1714093285]

1714093285

[Gabi]

The end is near!!

[MAbtc]

Mutum Sigillum is the name of Mt Gox's Dwolla account.

Really? Then what is this?       http://www.mutumsigillum.com/

IIRC they are Gox's US-based payment processor. Search the forum.

[sangaman]

How annoying. In the short term this is bad news, but looking ahead I think this is just one more reminder why it's better to have bitcoins than USD. The government can't show up out of nowhere and, in the name of "homeland security," randomly block you from sending your bitcoins where you want to send them. Yet they barely have to lift a finger to block where your USD goes.

[cypherdoc]

i've had a long time Dwolla acct and i've not received any email...

[SgtSpike]

Good news is that if you managed to sell on word of this news at 116+ like I did, you'll be able to buy back in some cheap coins soon.

If you haven't sold yet, sell now!

Bitcoins will be on sale, probably just temporarily though.

I could have sold at $118.... if my yubikey was with me. 

[N12]

i've had a long time Dwolla acct and i've not received any email...

People only got it because they had an outstanding transaction it seems. Do you have one?

[cypherdoc]

i've had a long time Dwolla acct and i've not received any email...

People only got it because they had an outstanding transaction it seems. Do you have one?

not outstanding.

[SgtSpike]

Interestingly, the price is rebounding right back up.  I wasn't expecting that at all.

[mgio]

Looks like it already bounced back up. I bought back in at 113. Oh well, net 6.5 coins is pretty good for no work.

There might be a slow decline as the rest of the bitcoin community learns of the Dwolla news. But I don't have the patience for that.

Seems like there are too many interested in not letting the price drop too much right now anyways.

[chsados]

i've had a long time Dwolla acct and i've not received any email...

People only got it because they had an outstanding transaction it seems. Do you have one?

I think they are also sending out to people who have recently withdrawn/sent money between Dwolla and Gox within the last 24 hours as well.

[EuroTrash]

My guess is that DHS has claimed it's an AML issue because 'errorism.

it's a free country after all, right?  

[italeffect]

Any confirmation that this is actually true? I can't find any yet.

[dbru77]

This maybe slightly off-topic but is it really surprising that the DHS may be concerned regarding money flows through bitcoin?

Just watched Zero Dark Thirty the other day where the CIA tracked down an al-quaida suspect because he transferred 5000$ to another al-quaida member's bank account. Not the smartest move obviously.
Reminded me of bitcoin as it's the perfect tool for almost any illegal activity one can think of.  

If I was responsible for tracking down terrorists and tracking down their donators, bitcoin would piss me off big time.

(btw Zero Dark Thirty is a pretty good movie)
 

[NamelessOne]

This maybe slightly off-topic but is it really surprising that the DHS may be concerned regarding money flows through bitcoin?

Just watched Zero Dark Thirty the other day where the CIA tracked down an al-quaida suspect because he transferred 5000$ to another al-quaida member's bank account. Not the smartest move obviously.
Reminded me of bitcoin as it's the perfect tool for almost any illegal activity one can think of.  

If I was responsible for tracking down terrorists and tracking down their donators, bitcoin would piss me off big time.

(btw Zero Dark Thirty is a pretty good movie)
 

I thought it should have won best picture. Argo was great, but ZDT had more gravity.

[jordan.dev]

This maybe slightly off-topic but is it really surprising that the DHS may be concerned regarding money flows through bitcoin?

Just watched Zero Dark Thirty the other day where the CIA tracked down an al-quaida suspect because he transferred 5000$ to another al-quaida member's bank account. Not the smartest move obviously.
Reminded me of bitcoin as it's the perfect tool for almost any illegal activity one can think of.  

If I was responsible for tracking down terrorists and tracking down their donators, bitcoin would piss me off big time.

(btw Zero Dark Thirty is a pretty good movie)
 

subreddit /r/bitcointerrorists
subreddit /r/bitcoinforjihad

if we can get everyone to post there we'll be able to track them...

[Peter Lambert]

This is very bad.

I used Dwolla exclusive for getting money in and out of MtGox. They were great and cheap as others have said before.  

We need a US-based exchange to open up QUICKLY. This is not good news for bitcoins. It's only becoming harder to acquire bitcoins now.

Check out campbx.com?

[KeyserSoze]

Seems pretty well-timed from gov perspective. We have the "upgrade" tomorrow and the conference in a couple days. Wonder if CampBX got the same treatment?

[Miz4r]

So this explains the sell off that happened just now, I was wondering what was going on. Oh well nothing gained and nothing lost, moving on...

[Aseras]

This is very bad.

I used Dwolla exclusive for getting money in and out of MtGox. They were great and cheap as others have said before.  

We need a US-based exchange to open up QUICKLY. This is not good news for bitcoins. It's only becoming harder to acquire bitcoins now.

use bitpay