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Author Topic: Sold 0.008 btc for over 11,000 USD at mtgox [Updated]  (Read 9982 times)
Xiong Zhuang
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July 31, 2011, 02:19:13 PM
 #1

Withdrawn successfully from mtgox to dwolla.

Now I am worried about if mtgox will charge back the money...



And 2 day before this crazy thing happened I withdrawn 2,000 usd from mtgox to my LR account and it still in progress, I hope they won't cancel my withdrawal...

Now my balance in mtgox is -1540.17492

Updated: Mtgox canceled my withdraw request to LR of 2000$, now my balance is positive again.



 
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Andris
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July 31, 2011, 02:28:50 PM
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Of course mtGox will charge back the money. He has six months to do so. If you spend it, you are on the hook. I would highly suggest leaving it where it is so it goes smoothly for Dwolla.
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July 31, 2011, 02:31:03 PM
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Reminds me of when I withdrew $2000 from my bank account and their automated podium didn't have enough, so they had to cancel and re run the transaction.  They gave me $2000 and credited me $2000 to my account.


Took them a month or 2 to find and correct the error.
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July 31, 2011, 02:31:58 PM
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Of course mtGox will charge back the money. He has six months to do so. If you spend it, you are on the hook. I would highly suggest leaving it where it is so it goes smoothly for Dwolla.

He is chinese name. If he is in china, you have to spend at least 10k usd to got him.

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Andris
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July 31, 2011, 02:33:00 PM
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He is chinese name. If he is in china, you have to spend at least 10k usd to got him.

1) Dwolla is US only
2) Dwolla transactions are subject to ACH reversal.

Doesn't matter if he's in China or not.
kiwiasian
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July 31, 2011, 02:34:30 PM
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Dwolla doesn't do chargebacks...you can't reverse the transaction.

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Xiong Zhuang
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July 31, 2011, 02:35:37 PM
 #7

Of course mtGox will charge back the money. He has six months to do so. If you spend it, you are on the hook. I would highly suggest leaving it where it is so it goes smoothly for Dwolla.

He is chinese name. If he is in china, you have to spend at least 10k usd to got him.

I do live in China, and if Mtgox cancel my LR withdraw which still in progress, I have to give the money back.
John (John K.)
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July 31, 2011, 02:35:58 PM
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They do chargebacks. But he could launder the money quick and fast  Roll Eyes

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elggawf
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July 31, 2011, 02:37:19 PM
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Dwolla doesn't do chargebacks...you can't reverse the transaction.

Someone doesn't pay attention to current events it seems. Smiley

Dwolla's marketing speak is a bunch of shit, everywhere they said "no chargeback concerns" is a lie.

^_^
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July 31, 2011, 02:38:50 PM
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Prolly the last money transferring system without chargebacks are LR  Undecided

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Xiong Zhuang
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July 31, 2011, 02:39:14 PM
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They do chargebacks. But he could launder the money quick and fast  Roll Eyes

I can't do that, can you teach me?
bitbot
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July 31, 2011, 02:39:36 PM
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i believe that legally he should be able to keep the money

he sold bitcoins and got the money

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Andris
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July 31, 2011, 02:39:46 PM
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Dwolla doesn't do chargebacks...you can't reverse the transaction.

Considering they seem to have a very close relationship, my guess is that anyone with a negative balance is going to see a reversal.
John (John K.)
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July 31, 2011, 02:44:43 PM
 #14

They do chargebacks. But he could launder the money quick and fast  Roll Eyes

I can't do that, can you teach me?

That is illegal and unless you're behind some strong proxies chances are you're gonna face the problems later. Undecided

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Xiong Zhuang
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July 31, 2011, 02:45:00 PM
 #15

Dwolla doesn't do chargebacks...you can't reverse the transaction.

Considering they seem to have a very close relationship, my guess is that anyone with a negative balance is going to see a reversal.

I doubt it's only me have a negative balance. I curious about how the reputation of mtgox and dwolla will go after this issue.
bitbot
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July 31, 2011, 02:45:38 PM
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should have used liberty reserve Tongue

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bitbot
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July 31, 2011, 02:46:16 PM
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and since you are in negative you may find it impossible to withdraw any bitcoins you may own until you put your account into green again

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Xiong Zhuang
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July 31, 2011, 02:46:31 PM
 #18

They do chargebacks. But he could launder the money quick and fast  Roll Eyes

I can't do that, can you teach me?

That is illegal and unless you're behind some strong proxies chances are you're gonna face the problems later. Undecided

Easy dude, I am not going anywhere.
kiwiasian
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July 31, 2011, 02:51:43 PM
 #19

Dwolla doesn't do chargebacks...you can't reverse the transaction.

Someone doesn't pay attention to current events it seems. Smiley

Dwolla's marketing speak is a bunch of shit, everywhere they said "no chargeback concerns" is a lie.

And yet everyone loves Dwolla but hates Paypal.

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John (John K.)
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July 31, 2011, 02:52:02 PM
 #20

should have used liberty reserve Tongue

+1 Tongue But the problem is LR is currently on hold on mtgox due to outage of lr funds. That sucks  Cry
Anyhow, prepare for another rollback  Cry

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