0.25 BTC Bounty - Show me a Mt Gox USD Withdrawal :)

[EPiSKiNG]

Do I owe 0.25btc to EP?

Yes. 1o16cfoCRdYh3XaHQawd1Ls8QqxwrhNEj

-EP

[zeroblock]

May 3rd   Coinlab Suit
May 14th    Dwolla Seizure
June 20th   Temporary Hiatus on US dollar withdraws
July 4th    Resumption of withdraws
July 10th   Changes to Deposit procedures









source: bitcoincharts.com

[old_engineer]

Today, I finally gave up and cancelled my wire request made on 6/15 that had still not been processed.  I only had to take a 3% haircut moving to another exchange, which was worth it to me.

If Gox has a withdrawal queue, they aren't processing withdrawals in the order received based on EPiSKiNG successful 7/3 withdrawal. I also contacted support a week ago to get an update, and got a non-reply, so contacting support doesn't automatically move you to the front of the queue.

There have been no announcements on the topic since July 4th, when they claimed "global account withdrawals have now fully resumed as of today", which is (and was) clearly BS.  My guess is that EPiSKiNG's successful 7/3 withdrawal was one of the few that were used for testing before their 7/4 claim that all is going well, but then something happened and they stopped again.

Notme, I don't know why you'd defend Gox so strongly.  I'm used to Gox being slow, which is reasonable since it's part of the legacy banking system.  But after 5 weeks of delays and lack of transparency, I now think there's a chance that Gox is insolvent.  Their post on 7/10 saying "In the past we were able to credit customer accounts before the funds arrived in our own bank account", but now they can't, rather backs up the idea, don't you think?

[old_engineer]

And by "insolvent", I mean that in the technical sense - I don't think Gox has immediate access to all of their deposited customer funds.  I think some if not most is locked up in frozen bank accounts.

[solex]

And by "insolvent", I mean that in the technical sense - I don't think Gox has immediate access to all of their deposited customer funds.  I think some if not most is locked up in frozen bank accounts.

That's so wicked. Laughed

Back in June, when my transfer languished for 4 days "confirmed". I cancelled it, bought coins and sold them in small lots locally. Have exited MtGox until and if they ever get their act together and stop treating customers like mushrooms (in the dark, fed on sh*t).
Tried Bitstamp and like it a lot. Except, their order interface is a dinosaur like Mt.Gox's. Many thanks to Bitcoinwisdom and Clark Moody that we can see what the BTC markets are actually doing (because the exchanges sure can't tell us).

[mralbi]

I just received money from MtGox! This transaction took over 3 months and it is only a small part, BUT: It seems that they are processing (again)

http://imageshack.us/photo/my-images/689/jx17.jpg/

I think I am not eligible for the bounty as it was EUR withdrawal, but just in case: 13edci3KYt2S71mjkPU4X47NkukxJNfGi9 ;-)

[achillez]

Today, I finally gave up and cancelled my wire request made on 6/15 that had still not been processed.  I only had to take a 3% haircut moving to another exchange, which was worth it to me.

If Gox has a withdrawal queue, they aren't processing withdrawals in the order received based on EPiSKiNG successful 7/3 withdrawal. I also contacted support a week ago to get an update, and got a non-reply, so contacting support doesn't automatically move you to the front of the queue.

There have been no announcements on the topic since July 4th, when they claimed "global account withdrawals have now fully resumed as of today", which is (and was) clearly BS.  My guess is that EPiSKiNG's successful 7/3 withdrawal was one of the few that were used for testing before their 7/4 claim that all is going well, but then something happened and they stopped again.

Notme, I don't know why you'd defend Gox so strongly.  I'm used to Gox being slow, which is reasonable since it's part of the legacy banking system.  But after 5 weeks of delays and lack of transparency, I now think there's a chance that Gox is insolvent.  Their post on 7/10 saying "In the past we were able to credit customer accounts before the funds arrived in our own bank account", but now they can't, rather backs up the idea, don't you think?

How did you cancel this transfer?? I emailed support and they are ignoring me .

[Nagle]

And by "insolvent", I mean that in the technical sense - I don't think Gox has immediate access to all of their deposited customer funds.  I think some if not most is locked up in frozen bank accounts.

If that's the case, Mt. Gox is denying it. Here are their statements:

• June 20, 2013: "Over the past weeks Mt. Gox has experienced rising volumes of deposits and withdrawals from established and upcoming markets interested in Bitcoin. This increased volume has made it difficult for our bank to process the transactions smoothly and within a timely manner, which has created unnecessary delays for our global customers."
• July 4, 2013: "Mt. Gox is happy to announce that global account withdrawals have now fully resumed as of today".

Mt. Gox's statements blame the bank in Japan they were using for outgoing transfers, and they currently claim there is no problem. Clearly, that is not the case.

[old_engineer]

Mt. Gox's statements blame the bank in Japan they were using for outgoing transfers, and they currently claim there is no problem. Clearly, that is not the case.

The wire transfers I successfully received between 6/1 and 6/13 were from the Bank of New York and JP Morgan Chase.  Nothing was coming from Japan.

It's pathetic communication on Gox's part that leaves us all guessing about what's actually happening.  SNAFU.

How did you cancel this transfer?? I emailed support and they are ignoring me .

I emailed support asking for status update around 7/15, and then replied to their support non-reply on 7/22 asking for the withdrawal to be cancelled.  YMMV (obviously).  Good luck!

[achillez]

ok once I get this cleared I'm going to post my email thread with them. It's about 20 responses, over 1 month. It's absolutely hilarious as they "cut'n paste" the same response each time, ignoring what I'm saying. The most recent email they are  ignoring where I asked as how best to cancel my withdrawal. Something is definitely up with MTGOX. In the meantime I've transferred all $ -> BTC -> Coinbase -> $. This way I'm getting my funds with a 4% hit. Better than nothing

[OhShei8e]

ok once I get this cleared I'm going to post my email thread with them. It's about 20 responses, over 1 month. It's absolutely hilarious as they "cut'n paste" the same response each time, ignoring what I'm saying. The most recent email they are  ignoring where I asked as how best to cancel my withdrawal. Something is definitely up with MTGOX. In the meantime I've transferred all $ -> BTC -> Coinbase -> $. This way I'm getting my funds with a 4% hit. Better than nothing

No, only the fee for your impatience. 

[jaekwon]

done

Do I owe 0.25btc to EP?

Yes. 1o16cfoCRdYh3XaHQawd1Ls8QqxwrhNEj

-EP

[OhShei8e]

So someone is impatient when a company takes 2-3 months (and longer) to do something when they told you it would take 3-7 days? You are so fucking incompetent shei8e. 

No incompetence, only experience. What should they say? The truth? That they have hundreds of thousands of withdrawals but only 3 people working on it? Forget it.

First everyone ran for Gox and now all people want to get out again. Always everyone at the same time. No patience, but want to make 1000% profit.

All the money was uploaded from January to mid-April and it will take at least several month to download it again. There is no Dwolla, no OKPAY, no more Liberty Reserve.

I have already removed my entire stake from Gox. But I had it already started in early April.  It took about three months. But I'm not complaining. It was the best business I've ever done.

[OhShei8e]

I have already removed my entire stake from Gox. But I had it already started in early April.  It took about three months.

Please stop commenting you incredibly stupid piece of shit (literally). 

 

[OhShei8e]

I have already removed my entire stake from Gox. But I had it already started in early April.  It took about three months.

Please stop commenting you incredibly stupid piece of shit (literally). 

 

How can vouch for the reliability of Gox after you say that you completely pulled all your funds out, and that it took 3 months! 

My entire stake not my gains. My gains are still on Gox and are much more.

[notme]

I have already removed my entire stake from Gox. But I had it already started in early April.  It took about three months.

Please stop commenting you incredibly stupid piece of shit (literally).  

Do you have anything to add besides ad hominems?

[EuroTrash]

The strategy of "paying some and leaving most waiting" was used in the past by some (in)famous bitcoin businesses prior to disappearing. Speculating on as to why one business would do so: to keep their creditors' hopes and buy themselves time.

I hope MtGox are not turning into selective scammers - although evidence so far seems to say otherwise. Please keep posting of any successes in this thread.

[achillez]

All - I gave up on MTGOX. After 1 month of @#$@ emails with these people I realized all they want me to do is withdraw bitcoins. They have *no* intention of paying out people's funds unless someone, somehow forces their hand.  The amusing thing is that in each email response they had a canned (albeit slightly differently worded) response, with "it will be 2 weeks, blah blah blah".  If you have your $ in MTGOX I would advise reconsidering where you leave it.

[btoth]

Have been waiting on a CAD currency withdrawal for about 3 weeks now.

[Nagle]

Have been waiting on a CAD currency withdrawal for about 3 weeks now.

So Mt. Gox withdrawals in USD, Euros, and CAD are now stalled. Are Bitcoin withdrawals still reliable, or is that starting to break down too?