MtGox account in the USA has been seized by the DHS?

Raoul Duke

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Quote from: 420 on June 15, 2013, 02:09:45 PM

Quote from: threeip on June 15, 2013, 02:08:15 PM

Quote from: 420 on June 15, 2013, 01:57:26 PM

Quote from: Babylon on May 14, 2013, 02:33:01 PM

Prices got real interesting after paypal stopped supporting MTGox, I expect something similar here.

when was that?

https://bitcointalksearch.org/topic/paypal-dropped-mtgox-1419
Posted: October 10, 2010 ?

Name:   mtgox
Posts:   185
Position:   Full Member
Date Registered:   July 17, 2010, 01:00:58 AM
Last Active:   October 04, 2011, 04:10:27 AM

Jed's account, which he didn't pass on to Mark when he sold the site to him, maybe?

420

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Quote from: threeip on June 15, 2013, 02:08:15 PM

Quote from: 420 on June 15, 2013, 01:57:26 PM

Quote from: Babylon on May 14, 2013, 02:33:01 PM

Prices got real interesting after paypal stopped supporting MTGox, I expect something similar here.

when was that?

https://bitcointalksearch.org/topic/paypal-dropped-mtgox-1419
Posted: October 10, 2010 ?

Name:   mtgox
Posts:   185
Position:   Full Member
Date Registered:   July 17, 2010, 01:00:58 AM
Last Active:   October 04, 2011, 04:10:27 AM

threeip

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Quote from: 420 on June 15, 2013, 01:57:26 PM

Quote from: Babylon on May 14, 2013, 02:33:01 PM

Prices got real interesting after paypal stopped supporting MTGox, I expect something similar here.

when was that?

https://bitcointalksearch.org/topic/paypal-dropped-mtgox-1419
Posted: October 10, 2010 ?

420

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Quote from: Babylon on May 14, 2013, 02:33:01 PM

Prices got real interesting after paypal stopped supporting MTGox, I expect something similar here.

when was that?

myself

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chaos is fun...…damental :)

Quote from: phelix on May 19, 2013, 02:28:10 PM

Quote from: sturle on May 19, 2013, 08:10:38 AM

Quote from: phelix on May 18, 2013, 03:34:51 PM

Why have they removed the link on their home page? Also I can't see the post on facebook any more but it is still here: https://www.facebook.com/MtGox/posts/468895216528224

I would like to know how much money was seized.

MagicalTux answered this on IRC:

Code:

05:41 < zivester> I'm asking, if I have USD in my mtgox account... is that money in Japan or USA (or somewhere else)
05:42 <@MagicalTux> zivester: mostly in Japan
05:42 <@MagicalTux> we had some funds in the US on Dwolla, but we can cover for that

No exact numbers, but that isn't our business. MtGox have often had delays in paying out Dwolla in the past because they never kept much money there. Dwolla has a limit of 5000 USD per transfer as well, so the need for funds on Dwolla is very limited.

Thanks. I hope they really can along with the law suits. Would be interesting to know what is really going on behind the scenes.

i know there is a limit per month a user can move anyone have a idea ?

phelix

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Quote from: sturle on May 19, 2013, 08:10:38 AM

Quote from: phelix on May 18, 2013, 03:34:51 PM

Why have they removed the link on their home page? Also I can't see the post on facebook any more but it is still here: https://www.facebook.com/MtGox/posts/468895216528224

I would like to know how much money was seized.

MagicalTux answered this on IRC:

Code:

05:41 < zivester> I'm asking, if I have USD in my mtgox account... is that money in Japan or USA (or somewhere else)
05:42 <@MagicalTux> zivester: mostly in Japan
05:42 <@MagicalTux> we had some funds in the US on Dwolla, but we can cover for that

No exact numbers, but that isn't our business. MtGox have often had delays in paying out Dwolla in the past because they never kept much money there. Dwolla has a limit of 5000 USD per transfer as well, so the need for funds on Dwolla is very limited.

Thanks. I hope they really can along with the law suits. Would be interesting to know what is really going on behind the scenes.

sturle

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Quote from: phelix on May 18, 2013, 03:34:51 PM

Why have they removed the link on their home page? Also I can't see the post on facebook any more but it is still here: https://www.facebook.com/MtGox/posts/468895216528224

I would like to know how much money was seized.

MagicalTux answered this on IRC:

Code:

05:41 < zivester> I'm asking, if I have USD in my mtgox account... is that money in Japan or USA (or somewhere else)
05:42 <@MagicalTux> zivester: mostly in Japan
05:42 <@MagicalTux> we had some funds in the US on Dwolla, but we can cover for that

No exact numbers, but that isn't our business. MtGox have often had delays in paying out Dwolla in the past because they never kept much money there. Dwolla has a limit of 5000 USD per transfer as well, so the need for funds on Dwolla is very limited.

phelix

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Why have they removed the link on their home page? Also I can't see the post on facebook any more but it is still here: https://www.facebook.com/MtGox/posts/468895216528224

I would like to know how much money was seized.

MtGox please give some information.

edit: Sent link to this message to magicaltux by pm.

Bitcoinpro

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Quote from: becoin on May 14, 2013, 03:12:20 PM

Quote from: BalkanBoy on May 14, 2013, 02:10:28 PM

I guess this is the fallout from the Coinlab lawsuit?

What does Department of Homeland Security has in common with the Coinlab lawsuit?

its definitely for coinlab, could be illegal, unless you have seen the entire coinlab mtgox contract it would be difficult to tell

TraderTimm

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Anyone who keeps a balance on any exchange, in the form of BTC or < insert currency >, should realize that these funds are at risk, and can be "ghosted" at any time. Don't have anything there that you wouldn't be comfortable losing. Given the history of Mt. Gox specifically, I'm amazed that anyone still does.

Dwolla is bad news, period. Using them for any transaction related to BTC carries the same risk. Perhaps this DHS incident will remind people of this fact.

I'd also extend this to the conventional banking system. Don't have anything in there beyond what you can afford to take a 'hit' on. The cold winds of "bail-ins" and other financial chicanery are blowing, and it is just a matter of time before they touch every banking system on the planet.

firefop

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Quote from: uhoh on May 14, 2013, 05:39:13 PM

STILL no response from MtGox on the issue, despite people berating them on FB and twitter

I had a gox > dwolla transfer in progress. I used the contact us section on mtgox - they were prompt in crediting the USD back to my gox account. Was a very small transfer however...

Personally I'm still going to use gox for some small speculation - but I've drastically reduced the amounts I keep there until we see how this turns out.

joesmoe2012

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Ching-Chang;Ding-Dong

Quote from: sturle on May 15, 2013, 04:47:39 PM

Quote from: leopard2 on May 15, 2013, 02:21:04 PM

Really what is going on in the minds of DHS employees?

Hard to know, because they are Special Agents. They went to special schools for special children, attend the Special Olympics, etc. They are not like the rest of us.

Did they get to ride on the short bus?!

My mother always told me i was special....

sturle

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https://bitmynt.no

Quote from: leopard2 on May 15, 2013, 02:21:04 PM

Really what is going on in the minds of DHS employees?

Hard to know, because they are Special Agents. They went to special schools for special children, attend the Special Olympics, etc. They are not like the rest of us.

joesmoe2012

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Ching-Chang;Ding-Dong

Quote from: leopard2 on May 15, 2013, 02:21:04 PM

Really what is going on in the minds of DHS employees? They arrest students for jailbreaking game consoles, and stuff like that. "Homeland security" how cynical is that.

They must be paid really well, or how can you stand such a job when you know exactly that you are just a nuisance to everyone else.

Their suicide and divorce rates must be enormous. Grin

It is clear that this Dwolla guy made a mistake filling out a form, but what the heck has that to do with homeland security?!?

I'm not so sure they did make a mistake on the form. They have high priced lawyers setting all this stuff up. Mtgox was licensed not the subsidy, so maybe it wasn't required to be a msb since the parent company was doing all the actual exchanges.

Rassah

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Quote from: leopard2 on May 15, 2013, 02:21:04 PM

Really what is going on in the minds of DHS employees? They arrest students for jailbreaking game consoles, and stuff like that. "Homeland security" how cynical is that.

They must be paid really well, or how can you stand such a job when you know exactly that you are just a nuisance to everyone else.

Nah, they are control-hungry ~~psycopaths~~ who are of "the world needs strict rules and laws" mindset. I'm sure they believe what they are doing is right.

By the way, I've seen a few people thanking Obama for various crap here and there (regulations, IRS scandal, etc). Can we get a "Thank you Bush" for the DHS one?

EDIT: Sorry, psychopath is not the correct term for this. I don't know which one is...

leopard2

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Really what is going on in the minds of DHS employees? They arrest students for jailbreaking game consoles, and stuff like that. "Homeland security" how cynical is that.

They must be paid really well, or how can you stand such a job when you know exactly that you are just a nuisance to everyone else.

Their suicide and divorce rates must be enormous. Grin

It is clear that this Dwolla guy made a mistake filling out a form, but what the heck has that to do with homeland security?!?

Rassah

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Quote from: leopard2 on May 15, 2013, 02:05:04 PM

Now you sound misguided. So all people in the US buying or selling BTC from a private party are criminals? Over 1900 felons in your country, on localbitcoins alone? That's news to me. As long as you are not selling/buying for someone else that is fine. If you sell a $100 euro bill, or a silver coin, to your neighbor, is that illegal? Hm in the US anything is possible. Huh

According to FinCEN thingy, if you buy and sell more than $1,000 a day without a license, yes, you are a criminal Tongue

EskimoBob

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Quality Printing Services by Federal Reserve Bank

Quote from: bassclef on May 14, 2013, 11:57:04 PM

... blah blah." Now I'm making plans on how to break this to my wife, thinking I'm going to be living outside for awhile....

WTF is wrong with men in USA? Who wears pants in your house? You or your wife? WTF!

and now, back to the topic at hand...

leopard2

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Quote from: kjlimo on May 14, 2013, 07:59:15 PM

Quote from: leopard2 on May 14, 2013, 07:16:41 PM

Look I don't know what to say Undecided

I have had coworkers going for Mtgox because "they are the largest" Roll Eyes

When I saw their statement about putting customers through AML hell, when they access their website via a proxy, that is all I needed to know.

Then to make things worse, people use extra intermediaries, for a PEER TO PEER bitcoin!?! Dwolla, Paypal, and whatnot?

If only 10% of Mtgox customers would trade on localbitcoins, this would not have happened. At the moment Gox is 80% and spreads on localbitcoins are awful, but that can change.

Sure exchanges are comfortable but they are completely unnecessary; all that is required is real people with bank accounts and BTC wallets.

any money service business licenses??? That I cannot afford...

unless of course you're just assuming all the people selling bitcoins in the US are ok with breaking the law... which may be accurate, but not for me.

Now you sound misguided. So all people in the US buying or selling BTC from a private party are criminals? Over 1900 felons in your country, on localbitcoins alone? That's news to me. As long as you are not selling/buying for someone else that is fine. If you sell a $100 euro bill, or a silver coin, to your neighbor, is that illegal? Hm in the US anything is possible. Huh

box27

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Quote from: lexico on May 15, 2013, 02:38:39 AM

Stop trusting exchanges. it doesn't make sense.
I like what bitcoin.de is doing much more; they are not storing $$ or €€, its just a marketplace and you pay the other person directly.

That's far from a perfect system. It's a great site but we also want(not need) to trade in the the centralized places. Like an escrow where you don't have to directly deal with thousands of peoples bank accounts and don't have to be responsible for checking who you're dealing with. But WTF. I have never heard of anything like this. Like the DHS seized the Bank of America's or UBSs account.

Topic: MtGox account in the USA has been seized by the DHS? (Read 25888 times)