Author

Topic: MTGox. Bank tries to get back the Withdraws (Read 1755 times)

full member
Activity: 238
Merit: 100
This could be just a fuck-up of the bank system.

hahaha. So you trust Gox more than a bank? 
sd
hero member
Activity: 730
Merit: 500
This could be just a fuck-up of the bank system.

It could be a fuck-up of the bank, or it could be a fuck up of GOX who have a very long history of fucking up, lying, and acting unprofessionally.

Which is more likely?
legendary
Activity: 1792
Merit: 1059
Today, i got an Message from my Bank. The Bank 'MIZUHO CORPARATE BANK' is trying to cancel 2 transfers from Mtgox. The value is about ~8000€. The Transfer were on the 7.6.13 and 18.6.13.
We rejected the cancelation of this Transfer.
We also have still a Withdraw in the Pipe that is confirmed but not paid.

Has anybody the same Problem ?

Never ever had such problems.
I expect the next payment from Gox this week but only 1000€.
newbie
Activity: 43
Merit: 0
Today, i got an Message from my Bank. The Bank 'MIZUHO CORPARATE BANK' is trying to cancel 2 transfers from Mtgox. The value is about ~8000€. The Transfer were on the 7.6.13 and 18.6.13.
We rejected the cancelation of this Transfer.
We also have still a Withdraw in the Pipe that is confirmed but not paid.

Has anybody the same Problem ?




SEPA or SWIFT?

I assume SEPA since EUR but not sure...

It is a SEPA Transfer. My Bank is located in Iceland. Wink
full member
Activity: 238
Merit: 100
The Ver statement is a desperate attempt by Mt.Gox to shore up confidence.  Once again, they are quite terrible at communicating with their customers, as the video neither relays confidence nor affirms that they are liquid.  Also where is Mark Karpelles in the video?
hero member
Activity: 728
Merit: 500
This could be just a fuck-up of the bank system.
Denial?

Yep, fear is approaching - then panic.

This + video of Roger Ver reading a script.
Strange thoughts in my head.

I sense a sudden urge to go home, open the cold storage wallet, send all BTC to Stamp and sell them all for fiat until the waters have calmed down.
Resisting to it so far.

 Shocked
hero member
Activity: 630
Merit: 500
everyone would be wondering whatever that money that bought those btc to make the price higher on mtgox exists or not.

Whether it exists or not, it's still able to pay for bitcoins on Mt Gox.   So, selling bitcoins for "Mt Gox USD" is still useful (for buying them back later).
hero member
Activity: 882
Merit: 501
Ching-Chang;Ding-Dong
Today, i got an Message from my Bank. The Bank 'MIZUHO CORPARATE BANK' is trying to cancel 2 transfers from Mtgox. The value is about ~8000€. The Transfer were on the 7.6.13 and 18.6.13.
We rejected the cancelation of this Transfer.
We also have still a Withdraw in the Pipe that is confirmed but not paid.

Has anybody the same Problem ?




SEPA or SWIFT?

I assume SEPA since EUR but not sure...
hero member
Activity: 546
Merit: 501
Yep, fear is approaching - then panic.
This time they will be cheap for real.

Well, IMO the impossibility to withdraw is distorting the USD/BTC exchange rate making it way higher than it would be if people could realize their fiat profits. If you cannot get your dollars out, only way is to buy BTC.

And to make things worse, nobody will sell their bitcoins for unrecoverable cash ...
legendary
Activity: 1176
Merit: 1001
If you cannot get your dollars out, only way is to buy BTC.
And to sell them on Bitstamp wondering whatever i should send the fiat to my bank or what. I'm in the middle of that.
Imo, the mtgox exchange rate as of now is completely unrealiable. It could spike to 140$, and bitstamp could follow at 120, but everyone would be wondering whatever that money that bought those btc to make the price higher on mtgox exists or not.
legendary
Activity: 1148
Merit: 1018
Yep, fear is approaching - then panic.
This time they will be cheap for real.

Well, IMO the impossibility to withdraw is distorting the USD/BTC exchange rate making it way higher than it would be if people could realize their fiat profits. If you cannot get your dollars out, only way is to buy BTC.
legendary
Activity: 1176
Merit: 1001
Yep, fear is approaching - then panic.
This time they will be cheap for real.
legendary
Activity: 1792
Merit: 1111
Today, i got an Message from my Bank. The Bank 'MIZUHO CORPARATE BANK' is trying to cancel 2 transfers from Mtgox. The value is about ~8000€. The Transfer were on the 7.6.13 and 18.6.13.
We rejected the cancelation of this Transfer.
We also have still a Withdraw in the Pipe that is confirmed but not paid.

Has anybody the same Problem ?


This could be a problem of Mizuho Corporate Bank and not a problem of MtGox.
Maybe one of the reason Mizuho stalled the withdraws from Mt.Gox.

How is the leverage of Mizuho Bank?
How much capital they have compared to expositions to loans?
Could be possible the rapid request  of a lot of withdraw from Mt.Gox (and from their account at Mizuho) have cause a lack of liquidity (or worse) to Mizuho?

This could be just a fuck-up of the bank system.



Headline : "The second largest Japanese bank is illiquid due to Bitcoin"
newbie
Activity: 43
Merit: 0
The withdraw from the 23.6 they didn't try to chargeback.
legendary
Activity: 1148
Merit: 1018
This could be just a fuck-up of the bank system.
Denial?

Yep, fear is approaching - then panic.
legendary
Activity: 1176
Merit: 1001
This could be just a fuck-up of the bank system.
Denial?
sr. member
Activity: 453
Merit: 254
Today, i got an Message from my Bank. The Bank 'MIZUHO CORPARATE BANK' is trying to cancel 2 transfers from Mtgox. The value is about ~8000€. The Transfer were on the 7.6.13 and 18.6.13.
We rejected the cancelation of this Transfer.
We also have still a Withdraw in the Pipe that is confirmed but not paid.

Has anybody the same Problem ?


This could be a problem of Mizuho Corporate Bank and not a problem of MtGox.
Maybe one of the reason Mizuho stalled the withdraws from Mt.Gox.

How is the leverage of Mizuho Bank?
How much capital they have compared to expositions to loans?
Could be possible the rapid request  of a lot of withdraw from Mt.Gox (and from their account at Mizuho) have cause a lack of liquidity (or worse) to Mizuho?

This could be just a fuck-up of the bank system.

newbie
Activity: 43
Merit: 0
Today, i got an Message from my Bank. The Bank 'MIZUHO CORPARATE BANK' is trying to cancel 2 transfers from Mtgox. The value is about ~8000€. The Transfer were on the 7.6.13 and 18.6.13.
We rejected the cancelation of this Transfer.
We also have still a Withdraw in the Pipe that is confirmed but not paid.

Has anybody the same Problem ?


Jump to: