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    Author Topic: MtGox withdrawal delays [Gathering]  (Read 909045 times)
    Rampion
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    September 12, 2013, 11:32:50 PM
     #1361

    You know what? This is good news.
    Gox didn't eat the money.

    Someway this situation will be fixed.
    If any of this is true (read from the seventh counterclaim on the end of page 39 through the twelfth which ends on page 47), Peter Vessenes stands out as the worst scammer in the history of Bitcoin.  You can forget about small the fish like Pirate.  Peter Vessenes stole the deposits.  The chairman of the Bitcoin Foundation is a thief.  CoinLab is in liquidation.  The money are in Peter Vessenes' pockets now.  No wonder he is smiling on the picture on bitcoinfoundation.org.

    MtGox has had unusal high income lately due to cross-currency trades which makes a 2.5% extra fee for currency conversion.  I'm sure MtGox will cover the remaining ~2 million USD (profit from April to August deducted) eventually, and this is not what limits withdrawals.  There are currently about 14 million USD in bids in the order book.

    Yep, bids that in great part are not backed up by money in their bank. I'm sure they are also spending A LOT on lawyers and such. This shit (DHS and regulators pushing, Coinlab suing and stealing, etc.) is not cheap.

    I always defended Gox, but honestly: this is looking bad. They are blatantly lying about what's causing the delays and how they are handling withdrawals, and now we find out there is an additional $5M hole. If you add up that to the other seizures you see they have a liquidity problem. I just hope people remains calm and this does not trigger a run.

    I know I'm feeling nervous about my SEPA withdrawal delayed for 3 weeks now.

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