Mt. Gox Bitcoin Exchange Temporarily Halts Withdrawals
Just days following an explanation that withdrawal delays were only affecting some customers, all users of the Japan-based bitcoin exchange Mt. Gox will be unable to withdraw their money, according to a statement released today. "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," the statement reads. "In order for our team to resolve the withdrawal issue it is....
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Users with bitcoin withdrawals in limbo have reported that the amounts are being returned to their Mt. Gox wallet balances. Japan-based bitcoin exchange Mt. Gox, the third-largest for trading the US dollar for bitcoin by 30-day volume, has announced it is temporarily pausing bitcoin withdrawals. The company has released a statement on its website that says the following: Dear MtGox Customers, During our efforts to resolve the issue being encountered by some bitcoin withdrawals it was determined that the increase in withdrawal traffic is hindering our efforts on a technical level. As to....
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