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Bitcoin Forum > Economy > Marketplace > Service Discussion > Trading btc for goxbtc; is there any risk of MtGox reversing internal transfers?
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Wit22 (OP)
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February 15, 2014, 01:59:45 PM
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Can Mtgox reverse internal bitcoin transactions?

Does that increase the risk of buying goxBTC?
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February 19, 2014, 11:55:33 AM
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bump.

How is the process of transfering coins gox internal?
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February 19, 2014, 12:20:14 PM
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Yes they can reverse the internal BTC transfers, since they do not even use the blockchain but are just database transactions. Not likely though unless they suspect fraud or other illegal activity.
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February 19, 2014, 12:43:05 PM
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As the above post says, there is non-zero probability of internal transfers being reversed.
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February 19, 2014, 01:28:16 PM
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I think at this point, Gox might and could do anything. If they really are insolvent, all bets are off.
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February 19, 2014, 08:14:55 PM
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Quote from: Wit22 on February 15, 2014, 01:59:45 PM
Can Mtgox reverse internal bitcoin transactions?
That's a very good question. 

It's more like "can they get away with it if they do it?" Given the reluctance of Gox suckers customers to sue, probably yes.
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