Topic: MTGox is apparently out of money... - page 3. (Read 7210 times)
Rename topic: Inaba is apparently out of money
Huh... MTGox can't even afford a $4000 withdrawal after 10+ days. This does not bode well.
Huh... Looks like a very similar situation if you can't afford full bitcoin refunds. BFL is apparently out of bitcoins...
Sure... I could understand that for a few days. But 11 days and counting? That doesn't make much sense.
Hello,
We have sent funds to Dwolla since last week and we are waiting for the funds to arrive to facilitate the Dwolla withdrawals. The support staff will inform you once your withdrawal is processed. Once again we apologize for the delay.
I agree they probably only keep a minimal amount of money on Dwolla. Seeing as how Tradehill was suing Dwolla over holding funds (or something), I bet Mt. Gox only keeps a minimal amount in there. Probably about the same amount you have withdrawn.
And seeing as how it takes like a week or so to move USD in and out of exchanges, they would probably have to take money out specifically for a large withdrawal.
I think $4k to them is pocketchange, especially with $17 coins and the volume of BTC they move through, that's only 235 BTC, I'm sure they can handle that.
Give it time.
Are you.. looking to pre-order some Avalons ASAP? (jokes)
Thread title = misleading!!!!
And seeing as how it takes like a week or so to move USD in and out of exchanges, they would probably have to take money out specifically for a large withdrawal.
I think $4k to them is pocketchange, especially with $17 coins and the volume of BTC they move through, that's only 235 BTC, I'm sure they can handle that.
Give it time.
Are you.. looking to pre-order some Avalons ASAP? (jokes)
Thread title = misleading!!!!
okay why was the new posts deleted?
Sure... I could understand that for a few days. But 11 days and counting? That doesn't make much sense.
They limit their Dwolla exposure at any given time so Dwolla transactions are often back-logged. There are likely other people ahead of you in the queue for Dwolla processing so your request may not get processed until a previous batch of withdrawals has fully cleared.
I sometimes think MtGox would be better off dumping Dwolla altogether as their risk management strategy for limiting potential losses is extremely customer-unfriendly even though it's very necessary.
I think that is because they only keep a limited amount of funds in their dwolla account to protect against dwolla freezing BTC related accounts...... not that they are broke or some such....
+1
I think that is how they handle it as well. Probably would have been better off splitting it up in to smaller withdrawals.
Sure... I could understand that for a few days. But 11 days and counting? That doesn't make much sense.
I think that is because they only keep a limited amount of funds in their dwolla account to protect against dwolla freezing BTC related accounts...... not that they are broke or some such....
So I initiated a $4000 MTGox Dwolla withdrawal over ten days ago... I sent in two support tickets and they finally got back to me tonight, here's what the response was.
Huh... MTGox can't even afford a $4000 withdrawal after 10+ days. This does not bode well.
Quote
Gene, Jan 22 13:06 (JST):
Hello Josh,
The transaction is still in process and the transaction has not been processed due to insufficient funds in our account.We will retry and update you once processed.We appreciate your patience.
Thanks,
MtGox.com Team
Hello Josh,
The transaction is still in process and the transaction has not been processed due to insufficient funds in our account.We will retry and update you once processed.We appreciate your patience.
Thanks,
MtGox.com Team
Huh... MTGox can't even afford a $4000 withdrawal after 10+ days. This does not bode well.
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