OKPay 'Ordered' to Hand Over Customers' $6.1 Million to Mt Gox

OKPay 'Ordered' to Hand Over Customers' $6.1 Million to Mt Gox

Payment processing firm OKPay has defended its recent transfer of withheld deposits totalling almost $6.1m to Mt Gox, saying a court order compelled it to make the payments. The $6,014,910 amount consisted of deposits from individual OKPay customers around the world to Mt Gox in the period immediately preceding the exchange's collapse. Until mid-August, the funds had existed in limbo in a Mt Gox-owned account and OKPay had intended to return everything to customers. OKPay CEO Konstantin Romanovsky told CoinDesk that was no longer possible after a court decision in the British Virgin....


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OKPay suspends Bitcoin processing

OKPay - the payment-processing company - has told customers it will stop processing bitcoin transactions. Providing customers with no more than a one-lined statement that reads: "Dear customers, we are currently suspending bitcoin processing," OKPay has left its partners and customers confused about what lies behind the decision. Mt. Gox - the largest bitcoin exchange, based in Tokyo - released a statement to say it is stopping transactions accordingly but is unsure what is happening behind the scenes. The statement said: "Mt. Gox has recently been informed by OKPay, one of our longtime....

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OKPAY Makes U-Turn on GBP to Bitcoin Transfers

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