GOX ANNOUNCEMENT - No withdrawals yet!

[eoJ]

Crash imminent, I think.

[checkers6676]

https://www.mtgox.com/img/pdf/20140220-Announcement.pdf

[CC23]

https://www.youtube.com/watch?v=qmeREwt0d-8

[bitcon]

sounds like they're either

1. running

or

2.  buying time
because theyve no BTC




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FOR IMMEDIATE RELEASE
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Tokyo, J
apan, February 20th, 201
4
!
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Dear MtGox Customers,
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Thank you for your patience this week while we are working on re-initiating bitcoin
withdrawals. In addition to the technical issue, this week we have experienced some
security problems, and as a result we had to relocate MtGox to our previous office building
in Shibuya (details can be found here
https://support.mtgox.com/home
). The move,
combined with some other security and technical challenges, pushed back our progress.
"
"
As much as we didn’t want to only provide an “update on an update”, this is the current
status. We are committed to solving this issue and will provide more information as soon
as
possible
to keep everyone in the loop.
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We are very sorry for the delays and deeply appreciate your kind understanding and
continuous support.
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Best regards,
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"
MtGox Team

[BTCtrader71]

https://support.mtgox.com/home

Update - Announcement Affecting Bitcoin Transfers - February 20th, 2014
Mike Feb 20 • Announcements / Announcements

Dear MtGox Customers,
 
Thank you for your patience this week while we are working on re-initiating bitcoin withdrawals. In addition to the technical issue, this week we have experienced some security problems, and as a result we had to relocate MtGox to our previous office building in Shibuya (details can be found here: https://support.mtgox.com/home). The move, combined with some other security and technical challenges, pushed back our progress.
 
As much as we didn’t want to only provide an “update on an update”, this is the current status. We are committed to solving this issue and will provide more information as soon as possible to keep everyone in the loop.
 
We are very sorry for the delays and deeply appreciate your kind understanding and continuous support.
 
Best regards,
 
MtGox Team

[merkin51]

Fucking hilarious.... the guy from the UK rocking up with his protest is probably the "security issue" which has forced them to relocate!! You couldn't make this up.

[GigaCoin]

Why isn't Bitstamp getting any cheaper ?  

[reasonable]

As much as we didn’t want to only provide an “update on an update”, this is the current status. We are committed to solving this issue and will provide more information as soon as possible to keep everyone in the loop.

Other words: no more information for X weeks  

[cee-euros]

Why isn't Bitstamp getting any cheaper ?  

Would be nice to see them stand on their own price for a while would expect an adjustment though.

[bitcon]

Karpeles must be buying time to buy coins back he lost.   Dont let him back in cheap!

[smoothie]

Also no indication of when to expect withdrawals to resume in any form or fashion.

Lame excuses and tactics to buy more time.

[adam9317]

Fucking hilarious.... the guy from the UK rocking up with his protest is probably the "security issue" which has forced them to relocate!! You couldn't make this up.

This is probably the case. Are they now classing a minor protest as a 'security issue'

[GigaCoin]

Also no indication of when to expect withdrawals to resume in any form or fashion.

Lame excuses and tactics to buy more time.

weekend approaching, my guess fix will be next week.

[thelema93]

Fucking hilarious.... the guy from the UK rocking up with his protest is probably the "security issue" which has forced them to relocate!! You couldn't make this up.

Yeah there's probably a ton of wankers like that twat from England who turned up there 'protesting'.
You put your money into something like Gox or Bitcoin and you take your chances. There's no indication at all that they want to steal anyone's coins. Just a bunch of paranoid losers who have nothing better to do than make a big fuss.

So Gox decided to go somewhere more secure - sounds like a very good idea.

[smoothie]

Also no indication of when to expect withdrawals to resume in any form or fashion.

Lame excuses and tactics to buy more time.

weekend approaching, my guess fix will be next week.

What fix? There isnt anything that needs to be fixed other than their solvency.

Bistamp dealt the TM issue. Close withdrawals temporarily and reopened then in a few days.

No issues there. This shows either 1 of 2 things:

1. MTGOX is incompetent

2. MTGOX is insolvent

I tend to believe it is #2.

[smoothie]

Fucking hilarious.... the guy from the UK rocking up with his protest is probably the "security issue" which has forced them to relocate!! You couldn't make this up.

Yeah there's probably a ton of wankers like that twat from England who turned up there 'protesting'.
You put your money into something like Gox or Bitcoin and you take your chances. There's no indication at all that they want to steal anyone's coins. Just a bunch of paranoid losers who have nothing better to do than make a big fuss.

So Gox decided to go somewhere more secure - sounds like a very good idea.

what exactly are they securing? Mark of people's money?

[Denton]

Also no indication of when to expect withdrawals to resume in any form or fashion.

Lame excuses and tactics to buy more time.

weekend approaching, my guess fix will be next week.

What fix? There isnt anything that needs to be fixed other than their solvency.

Bistamp dealt the TM issue. Close withdrawals temporarily and reopened then in a few days.

No issues there. This shows either 1 of 2 things:

1. MTGOX is incompetent

2. MTGOX is insolvent

I tend to believe it is #2.

It's probably both.

[bitcon]

something i noticed while waiting for the news from japan in BTC trollbox this morning -  a big dump happened about 30-60 minutes before the "news" was even announced. what are the odds that a dump happens just right before gox releases their statement? something smells fishy here. i smell a Karp.

[Money Raccoon]

If they're buying more time then what for? To fix the issues of course

[CC23]

something i noticed while waiting for the news from japan in BTC trollbox this morning -  a big dump happened about 30-60 minutes before the "news" was even announced. what are the odds that a dump happens just right before gox releases their statement? something smells fishy here. i smell a Karp.

Bots. Just before the dump the price randomly decreased a little and stayed there long enough to trigger sell orders - apparently big ones that caused a panic. I smell incompetence and loss of nerves @gox team and mostly paranoia @traders. I may be right or wrong, no idea.