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Author Topic: Additional $2.1M Seized from Mt. Gox Accounts – Now Over $5M Total  (Read 778 times)
cryptocoinsnews
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August 22, 2013, 09:25:48 PM
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On Monday, the executed seizure warrant for Mt. Gox’s account with Dwolla was published, showing $2.9 million was seized by the US government. According to documents obtained today by TGB’s research staff from the records of the District Court of Maryland, more than $2.1 million was also seized from two of Mt. Gox’ Wells Fargo accounts – totaling to more than $5 million seized from Mt. Gox accounts by the US government.

Will there be more??

http://www.cryptocoinsnews.com/2013/08/22/additional-2-1m-seized-from-mt-gox-accounts-now-over-5m-total/

/David Parker, Director of CCN
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b!z
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August 24, 2013, 02:17:38 PM
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Mt Gox is screwed and we all know it.
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August 24, 2013, 02:45:41 PM
 #3

So, the only way to get money out of mt.gox is to buy btc and to withdraw btc?Huh

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August 24, 2013, 03:06:27 PM
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So, the only way to get money out of mt.gox is to buy btc and to withdraw btc?Huh

yes, that is why mtgox usd price is so high
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August 24, 2013, 06:32:02 PM
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I'm much more likely to use Mt. Gox now even though the possibility exist that the abuse of their service by regulators (who are effectively also competitors by virtue of the mechanics of their compensation packages) is fabricated or mis-represented.

Indeed, I have just used their service for Mt. Gox for the first time, and my expectation is that I'll get my fiat in several months at best, and never at worst.

If I needed better/faster results, I'd take my chances with a smaller outfit who is flying under the radar or is new enough to not have pressure mounted on them.  Indeed, I split my sale between Mt. Gox and Bitcoin-Brokers as an experiment and hedge.

At the end of the day I place a vast majority of the fault for my inability to capitalize on Bitcoin squarely with the corp/gov system of government that I live under here in the US and which I have some theoretical ability to work toward changing when they are excessively abusive.  I'm happy to support Mt. Gox, although I'm a shitty customer since I don't trade (and thus lose fees to them) and only use them (or try to) as and entry/exit point to the Bitcoin economy.


sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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August 24, 2013, 10:35:11 PM
 #6

No problem, they recompensate that with a weeks worth of insider trading. Wink
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August 24, 2013, 10:48:03 PM
 #7

That's our money.

Seriously, what is the fate of seized funds in cases like this? Can I ask for Uncle Sam for my withdrawal that got snatched?

They're there, in their room.
Your mining rig is on fire, yet you're very calm.
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August 24, 2013, 10:54:08 PM
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Thats Goxs job, but as always they do nothing.
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August 24, 2013, 10:58:22 PM
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I use other sources to transfer my BTC to USD.  They are out there if you look!  Enough said!
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