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Author Topic: Dwolla can no longer process deposits or withdrawals to MtGox  (Read 12846 times)
italeffect
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May 14, 2013, 08:47:03 PM
 #61

http://betabeat.com/2013/05/department-of-homeland-security-shuts-down-dwolla-payments-to-and-from-mt-gox/




looks legit

what a bummer, I used this a lot.

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wildbud
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May 14, 2013, 08:47:54 PM
 #62

This will be VERY interesting to see if they begin trying to attack bitcoins using the DHS.
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May 14, 2013, 08:48:45 PM
 #63

bad for the US

bad for gox

bad for dwolla

great for the rest of the world

great for bitcoin
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May 14, 2013, 08:49:14 PM
 #64

This will be VERY interesting to see if they begin trying to attack bitcoins using the DHS.

They have just begun...
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May 14, 2013, 08:51:25 PM
 #65

I am actually uncomfortable with the way Dwolla is handling this. Why are they telling anybody who asks that the MtGox account has been frozen by court order? Isn't there some sort of client confidentiality? This seems to be just making MtGox look bad.

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May 14, 2013, 08:51:59 PM
 #66

I am actually uncomfortable with the way Dwolla is handling this. Why are they telling anybody who asks that the MtGox account has been frozen by court order? Isn't there some sort of client confidentiality? This seems to be just making MtGox look bad.

+1
CurbsideProphet
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May 14, 2013, 08:55:30 PM
 #67

I am actually uncomfortable with the way Dwolla is handling this. Why are they telling anybody who asks that the MtGox account has been frozen by court order? Isn't there some sort of client confidentiality? This seems to be just making MtGox look bad.

Because that's part of their TOS.  From the article:

Quote
"Dwolla requires a court order before honoring requests such as seizing funds or revoking access to an account,” he added.

They wouldn't have done it if they didn't receive a court order so either they tell you or you use common sense to put two and two together.  I don't see any breach of confidentiality.

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dbru77
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May 14, 2013, 09:02:27 PM
 #68


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

I agree. Both movies are very compelling. ZDT felt almost like a documentary while Argo has more "story-telling" elements.  
mccorvic
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May 14, 2013, 09:02:34 PM
 #69

So, this pretty much puts Dwolla out of business, right?  Why would anyone use Dwolla as anything but a conduit to Gox?

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wildbud
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May 14, 2013, 09:03:42 PM
 #70

This will be VERY interesting to see if they begin trying to attack bitcoins using the DHS.

They have just begun...

We don't know the details I will hold my judgement on saying they have begun when we start seeing a trend. They are not attacking bitcoins they are just attacking the relationship between dwolla and mtgox. But I dont think we are far off from seeing them attacking everything crypto currency.
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May 14, 2013, 09:04:33 PM
 #71

So, this pretty much puts Dwolla out of business, right?  Why would anyone use Dwolla as anything but a conduit to Gox?

Maybe Dwolla as a conduit to CampBX?

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May 14, 2013, 09:06:04 PM
 #72

Does Dwolla work for large amounts of money? I would think that international wires are the most important.
Depends on your definition of "large".  Maximum single transaction size is $5000 by default, but they say they can process up to $99MM transactions.  I'm sure MtGox has received millions through their Dwolla account over the past couple of years, but I really have no idea how much per month is going in or out. 

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

Might be an AML issue. Thats what coinbase was supposed to have taken care of. ooopss!

Maybe MtGox couldn't legally follow through with the customer transfer because they knew about the DHS issue, but were prohibited from telling Coinbase?  Stranger things have happened in the American legal system.

Hmm, looks like some people are selling - did I break the news that caused a mini-selloff?  Bitcoin has survived all the SEPA withdrawal problems, and it will survive Dwolla cutoff, too.

Coinbase != Coinlab

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May 14, 2013, 09:13:26 PM
 #73

Quote
Update: Here is what Mt. Gox sent us in response to a request for comment:

    Thank you for the email. We can see that the Dwolla transactions are not getting processed right now. We will contact Dwolla and post an announcement regarding this. Your patience is appreciated till then.
http://betabeat.com/2013/05/department-of-homeland-security-shuts-down-dwolla-payments-to-and-from-mt-gox/

Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
old_engineer
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May 14, 2013, 09:13:56 PM
 #74


Maybe MtGox couldn't legally follow through with the customer transfer because they knew about the DHS issue, but were prohibited from telling Coinbase?  Stranger things have happened in the American legal system.

Coinbase != Coinlab
Thanks, updated my post.  Everything is bit-this and coin-that...
wildbud
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May 14, 2013, 09:14:54 PM
 #75

Quote
Update: Here is what Mt. Gox sent us in response to a request for comment:

    Thank you for the email. We can see that the Dwolla transactions are not getting processed right now. We will contact Dwolla and post an announcement regarding this. Your patience is appreciated till then.
http://betabeat.com/2013/05/department-of-homeland-security-shuts-down-dwolla-payments-to-and-from-mt-gox/

So they didn't even get notified and have no plan to deal with the issue. That is not a good sign.
italeffect
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May 14, 2013, 09:18:43 PM
 #76

wonder if CampBX <> Dwolla will be/is closed also.

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MAbtc
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May 14, 2013, 09:24:56 PM
 #77

wonder if CampBX <> Dwolla will be/is closed also.

Doubt it, this is about Gox, not Dwolla IMO.
dandirk
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May 14, 2013, 09:25:54 PM
 #78

Quote
Update: Here is what Mt. Gox sent us in response to a request for comment:

    Thank you for the email. We can see that the Dwolla transactions are not getting processed right now. We will contact Dwolla and post an announcement regarding this. Your patience is appreciated till then.
http://betabeat.com/2013/05/department-of-homeland-security-shuts-down-dwolla-payments-to-and-from-mt-gox/

So they didn't even get notified and have no plan to deal with the issue. That is not a good sign.

You never know with the US government... I know IRS agents will call a business and basically act like a scammer sales/creditor... not say who they are (initially), demand information for the heads of a company, offer NO way for the business to confirm (like we are all told to do when getting cold called for sensitive information, ask for contact info confirm via webpage etc then call back).

They will then just show up at your business and practically shut the place down and say the reason for it was that you were not being cooperative when called nicely.

wildbud
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May 14, 2013, 09:29:37 PM
 #79

Quote
Update: Here is what Mt. Gox sent us in response to a request for comment:

    Thank you for the email. We can see that the Dwolla transactions are not getting processed right now. We will contact Dwolla and post an announcement regarding this. Your patience is appreciated till then.
http://betabeat.com/2013/05/department-of-homeland-security-shuts-down-dwolla-payments-to-and-from-mt-gox/

So they didn't even get notified and have no plan to deal with the issue. That is not a good sign.

You never know with the US government... I know IRS agents will call a business and basically act like a scammer sales/creditor... not say who they are (initially), demand information for the heads of a company, offer NO way for the business to confirm (like we are all told to do when getting cold called for sensitive information, ask for contact info confirm via webpage etc then call back).

They will then just show up at your business and practically shut the place down and say the reason for it was that you were not being cooperative when called nicely.




Yea the IRS has a bad track record with anti-government control groups.
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May 14, 2013, 09:35:23 PM
 #80

Quote
Update: Here is what Mt. Gox sent us in response to a request for comment:

    Thank you for the email. We can see that the Dwolla transactions are not getting processed right now. We will contact Dwolla and post an announcement regarding this. Your patience is appreciated till then.
http://betabeat.com/2013/05/department-of-homeland-security-shuts-down-dwolla-payments-to-and-from-mt-gox/

Wow. Sounds like they didn't have any clue that their account got seized.

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