MTgox balance confirmation

[fulepp]

Hi,

Now MTgox is allowing to login and check your balance. I was able to login and i've seen how much BTC is there.

I tried to withdraw USD in November that never arrived to my bank account. As it never arrived to my bank account I am thinking it should show up on the balance page. Although it is not there...

I had a couple of mail exchanges about it with the support desk (when they were still working for MTgox). They said the bank had a limit how much they can transfer per day and my money will be transferred when it'll be the next in the Q... Once again, I never received that money...

So, is this money with the Bank or MTgox? If it is still with MTgox then why it is not on my balance page?

Anyone else has any similar experience?

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[farlack]

Mtgox claims their bank was drained also, don't expect it.

[Massimo80]

Anyone else has any similar experience?

The present situation is clearly exceptional, however when Mt.Gox was working reliably (well, sort of...), it was standard practice for them to not show in the account balance money that you requested to withdraw and was stuck in the withdrawal queue. If you had $1000, had requested to withdraw $500 and they were still processing it, your balance would only have shown $500.

So, yes, having a zero balance would have been pretty standard Mt.Gox behaviour if you had requested to withdraw all your money.


Of course, this doesn't actually mean anything under the present circumstances (money supposedly stolen, bankruptcy filing, etc.); just saying that the web site is acting exactly like it did before.

[fulepp]

I am wondering how that could happen? trace bank transfers should be easy enough and that should be much better protected by law.
 

Mtgox claims their bank was drained also, don't expect it.

[fulepp]

Yes, I requested to transfer all of my money from MTgox. In a normal operation i would not expect to see that money on my account as it should be somewhere between banks and that money should already left MTgox's account.

Since they froze every money transfer and that money never arrived to my account i was expecting to show that money on their website as a non fulfilled transaction.

Anyone else has any similar experience?

The present situation is clearly exceptional, however when Mt.Gox was working reliably (well, sort of...), it was standard practice for them to not show in the account balance money that you requested to withdraw and was stuck in the withdrawal queue. If you had $1000, had requested to withdraw $500 and they were still processing it, your balance would only have shown $500.

So, yes, having a zero balance would have been pretty standard Mt.Gox behaviour if you had requested to withdraw all your money.


Of course, this doesn't actually mean anything under the present circumstances (money supposedly stolen, bankruptcy filing, etc.); just saying that the web site is acting exactly like it did before.

[KWH]

You requested the transfer but they didn't initiate the transfer.

[alex_bronco]

You requested the transfer but they didn't initiate the transfer.

So does that mean that they are not going to initiate any transfer?

[Massimo80]

So does that mean that they are not going to initiate any transfer?

They couldn't even if they wanted to, all their assets are currently frozen due to the bankruptcy protection filing.
Until their recovery plan is laid out and approved by whoever in Japan needs to approve it, they will not be able to touch a single yen or satoshi without breaking some law.
And if they can't come up with a plausible plan, then it will be full bankruptcy...

[madcratebuilder]

I had 2 1K transfers, 1 from late Dec and 1 from mid Jan.  Emails back to me said they are in the works and well be processed very soon, I never received a thing, my piddly 4 btc balance does not show on the new balance page.  Got me for 2.2K and 4.45btc's.  Crooks, should be in prison.