Mt. Gox Delivers Update on Withdrawals, Blames Bitcoin Bug
Following a very dramatic halt of all withdrawals last week, Mt. Gox has delivered an update on getting money out of the exchange, and for now, it's not exactly looking good for the consumer. "A bug in the bitcoin software makes it possible for someone to use the Bitcoin network to alter transaction details to make it seem like a sending of bitcoins to a bitcoin wallet did not occur when in fact it did occur," the statement reads. "Since the transaction appears as if it has not proceeded correctly, the bitcoins may be resent." Gox says the bug has been "largely ignored", known to at least....
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With all of the drama surrounding Tokyo-based Mt. Gox, users of the service and bitcoin community members alike are eagerly awaiting to see what the company says next on the status of withdrawals. Just a reminder: thursday is the day, according to a news update provided Monday by the exchange, who said they are expecting to resume withdrawals "soon", albeit with daily and monthly limits in place. These limits are likely designed to prevent the exchange from crashing completely. With the bitcoin community running out of patience (and confidence) in the service's ability to run reliably, it....
Mt. Gox has issued a statement in an effort to address concerns raised by users after it suspended bitcoin withdrawals late last week. The exchange insists it is working hard to address a technical issue that has made it impossible for users to make transfers. The company also points out that currency withdrawals and transfers to any Mt. Gox address are not affected by the issue. Mt. Gox stressed that the problem is not limited to its exchange - it affects all transactions where bitcoins are sent to a third party. Once the problem was identified, Mt. Gox chose to suspend bitcoin....
BTC-e has announced that US dollar withdrawals and deposits sent via bank transfer could be delayed for as long as two weeks. In a 28th May message posted by the BTC-e support team, the European digital currency exchange blamed "a new American policy" for the anticipated delays. The message reads: "Attention everyone who sends us US dollars and trying to withdrawal in US dollars through bank transfer. From tightened for a new American policy correspondence banks in relation to payment institutions deposits and withdrawals of US dollars delayed for 1-2 weeks." BTC-e did not immediately....
Asian cryptocurrency exchange Okex says peer to peer trading is now open but the freeze on withdrawals remains in effect. In an update, Okex CEO Jay Hao reveals that buying cryptocurrency via the fiat gateway is now active as well but he fails to give a timeframe for the resumption of withdrawals. In an earlier tweet, the CEO reassures customers that their funds are safe and that withdrawals will commence as soon as possible. On Oct. 15, Okex announced the suspension of withdrawals of cryptocurrency after an unnamed private key holder was taken into custody by law enforcement. However,....
Bitcoin exchange Bitstamp has posted a follow-up to a news update Friday that announced that withdrawals were once again being processed. Saturday's news indicates that withdrawals are now fully automated, as they were before they were halted this week due to a distributed denial of service attack that took advantage of a transaction malleability flaw in the bitcoin software that also brought down withdrawals at Mt. Gox - a highly talked about event. When Bitstamp opened withdrawals Friday, the exchange exercised maximum caution by processing each request manually. "After rigorous testing,....