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Author Topic: Is MtGox open yet?  (Read 929 times)
kicir
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June 25, 2011, 03:11:18 AM
 #1

it's almost 10 minutes past 3:00GMT and mtgox.com still links to the support site

is there another direction that we should be checking in to?


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smell
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June 25, 2011, 03:13:21 AM
 #2

From the site,

Quote


[Update June 24 - 02:56 GMT] Pushing until 15:00 GMT.

We have found that balances on some older accounts look significantly incorrect when compared with the old database. At this time we do not know what caused the balances to be off, or how many of the older accounts are affected. We haven't touched the old backend or database, so we're going to import the accounts again once we have found what caused the off-balances.

No money is lost, we still have the records of all transactions that happened prior to the bitcoin sell-off. All funds deposited are still in our bank accounts, and we're going to try and get this resolved by 15:00 GMT.

We look forward to getting everyone trading within an hour of getting users logged in and accessing their accounts.


kicir
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June 25, 2011, 03:17:18 AM
 #3

oh gosh, this is quite a nightmare

thanks for replying!

hashme
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June 25, 2011, 03:48:47 AM
 #4

 Angry  again !?

I pay back 50% commissions to my referrals
https://www.okcoin.com/?invid=2013370
Fair sites only.
bitcoin.monger
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June 25, 2011, 04:41:18 AM
 #5

looks like it has been delayed again  Huh
Nagle
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June 25, 2011, 04:53:37 AM
 #6

From the site,
Quote
[Update June 24 - 02:56 GMT] Pushing until 15:00 GMT.
...
We look forward to getting everyone trading within an hour of getting users logged in and accessing their accounts.

The question is not when trading will resume. It's when withdrawals will resume.
bitcoin.monger
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June 25, 2011, 05:00:06 AM
 #7

If I were Mark, I wouldn't allow people to withdraw money for a while. I would invoke security etc.
On an emotion-driven market like this, a bank run is the last thing we need...
If he only allows bitcoins to be withdrawn, it would make scared users to buy coins and run with them in order to minimize their losses.

Bitcoin would go up  Grin and MtGox's losses would go down...

Obviously, Bitcoin is not for the faint at heart  Grin
CubedRoot
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June 25, 2011, 05:00:16 AM
 #8

I would expect withdrawals to occur just about as fast as everyone can login.  MtGox has lost alot of  credibility, especially with all the failed attempts are re-opening.
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