Mt Gox Restores Withdrawls Thread.

[ElectricMucus]

It's now past noon here in Japan and not a peep from Gox. Yup, sounds like things are going well!

Indeed they are

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[biafore]

It's only noon give at least till 5 to panic

[Bit_Happy]

That is why I NEVER deposit any cryptos into Gox

I always though, that they work like a shit.

Here is the original mtgox thread. Just read it and you will understand

https://bitcointalk.org/index.php?topic=444

Hey, I was thinking about that thread yesterday and wondered how hard it would be to find, thanks.

[disclaimer201]

That is why I NEVER deposit any cryptos into Gox

I always though, that they work like a shit.

Here is the original mtgox thread. Just read it and you will understand

https://bitcointalk.org/index.php?topic=444

Hey, I was thinking about that thread yesterday and wondered how hard it would be to find, thanks.

I wonder if he ever did the hashing of passwords the way he was asked to. Otherwise, uhm ooopsie.

[Rawted]

I was giving MtGox the benefit of the doubt (i have no clue why), until i read this -http://www.reddit.com/r/Bitcoin/comments/1x9gue/my_protest_at_mtgox_offices_5_to_7th_february/ .

The actions of Gox are incredibly shady.

[biafore]

The link you supplied has no proof to it what so ever. Complete fud and speculation

[Rawted]

The link you supplied has no proof to it what so ever. Complete fud and speculation

Except for the 10 people verifying the man's story and presence, including the guy who setup the bitcoin meetup there in Tokyo as well as Mark K himself (read the IRC log in the post), but yeah - you're spot on.

[kireinaha]

Now almost 3pm here in Japan. People losing faith, price dropping again. MtGox: A case study in how to NOT handle public relations.

I'm thinking of grabbing a lawn chair and popcorn, taking the train to Tokyo so i can sit out in front of HQ and watch it all unfold.

[Mythul]

What if......nothing happens ? Here comes another month wasted to the waiting game.

[smoothie]

I expect them to have another update saying they need more time.

[MsCollec]

Oh no! Nasty gox! I still want my cheap coins @ $600

I'm still hoping I can buy at $100-200, at that price range it will be cheaper for Gox to pay off all the bitcoin

[c0dex]

The price keeps changing from two decimal places to five on their site. Is that normal, or does that suggest they're working on the site?

[Dalmar]

Mark is sitting on his ball enjoying his dessert coffee not caring about you all. 

[c0dex]

Mark is sitting on his ball enjoying his dessert coffee not caring about you all. 

Sounds about right!

[kireinaha]

Almost 4pm now. I think it's time to entertain the possibility that we're not going to hear anything from mt cocks today, or maybe ever again.

[disclaimer201]

The Sydney Morning Herald writes:

Bitcoin price drops as Mt. Gox exchange closes indefinitely

Read more: http://www.smh.com.au/business/markets/bitcoin-price-drops-as-mt-gox-exchange-closes-indefinitely-20140210-32ap1.html#ixzz2stqGD9t0

" It promised an "update" - not a reopening - on Monday, February 10, Japan time."

[HairyMaclairy]

So before midnight then. 

[kireinaha]

past 5pm here in Japan. Don't hold your breath on this announcement. maybe we'll see it at 11:59. we have taken your money and are now writing from the wifi network of our hotel in the bahamas.

[thelema93]

Statement Regarding BTC Withdrawal Delays

Tokyo - JAPAN - February 07, 2014 February 10, 2014

Dear MtGox Customers,

In our efforts to resolve the issue being encountered by various bitcoin withdrawals, it was determined that the increase in the flow of withdrawal requests has hindered our efforts on a technical level. To understand the issue thoroughly, the system needs to be in a static state.

In order for our team to resolve the withdrawal issue it is necessary for a temporarily pause on all withdrawal requests to obtain a clear technical view of the current processes.

We apologize for the sudden short notice. All bitcoin withdrawal requests will be on pause, and the withdrawals in the system will be returned to your MtGox wallet and can be reinitiated once the issue is resolved. The trading platform will perform as usual for the needs of our customers. 



Our team will resolve this problem as soon as possible and will provide an update on Monday, February 10 February 11, 2014 (JST).



We deeply apologize for the inconvenience caused, and thank you for your kind support and considerations. 


Sincerely,

The MtGox Team

[Tzupy]

The news from MtGox say that the bug is in the bitcoin software, and not exclusively in MtGox's wallet.
This is the worst news in recent history, and the impact on the market could be comparable to the 2011 hacking of MtGox.