This actually represents one of the most informative PR releases that's ever come out of Mt Gox.
Now all they need to learn is how to give out specific explanations for their problems when those problems first start to appear, not after months of letting everybody speculate because of a lack of information.
Topic: mtgox selling a worsening of deposits/withdrawals as a relief :) (Read 917 times)
sr. member
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
August 05, 2013, 11:04:32 AM
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Deposits and Withdrawal Update Finally,
The issues with deposits and withdrawals from Mt. Gox are being relieved, but still not at the rate we want.
Sorry, indeed they didn't say 'relief'.
But 'being relieved' is just not true, it's getting worse.
August 05, 2013, 09:26:28 AM
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Deposits and Withdrawal Update Finally,
The issues with deposits and withdrawals from Mt. Gox are being relieved, but still not at the rate we want.
August 05, 2013, 08:43:15 AM
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...we incurred significant losses
Worrying. I wonder how they define "significant loss". Losses to profits, or losses beyond profits and into customer reserves.
August 05, 2013, 08:35:06 AM
They should have pumped and dumped a different alt-coin.
"Unfortunately we're not going to be adding litecoin, but we'll have ppcoin next week".
Rinse and repeat until they have earned enough from these pumps to pay back their customers.
"Unfortunately we're not going to be adding litecoin, but we'll have ppcoin next week".
Rinse and repeat until they have earned enough from these pumps to pay back their customers.
August 05, 2013, 02:43:13 AM
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LiteCoin Update
Who wrote this PR?
sr. member
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
August 05, 2013, 02:28:52 AM
New update from gox
In short, they still haven't found a new banking partner and now deposits also take minimum 10 days. Glad I'm out of there.
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Deposits and Withdrawal Update Finally,
The issues with deposits and withdrawals from Mt. Gox are being relieved, but still not at the rate we want. For example it currently takes up to 10 days to process a deposit because our bank, upon receiving deposits, notifies us of the deposit but holds them for 7~10 days before transferring them to our account. This has always been the case, and we were still crediting customer accounts before receiving the funds ourselves, but some cases in which the bank subsequently rejected the deposits meant that we incurred significant losses. The risk is now too high for us to credit accounts prematurely. We are in the process of forming relationships with new partners, banks, and taking other steps -- hopefully we will not only be back where we were before we encountered these issues , but much further ahead.
https://www.mtgox.com/press_release_20130805.html
In short, they still haven't found a new banking partner and now deposits also take minimum 10 days. Glad I'm out of there.
---
Deposits and Withdrawal Update Finally,
The issues with deposits and withdrawals from Mt. Gox are being relieved, but still not at the rate we want. For example it currently takes up to 10 days to process a deposit because our bank, upon receiving deposits, notifies us of the deposit but holds them for 7~10 days before transferring them to our account. This has always been the case, and we were still crediting customer accounts before receiving the funds ourselves, but some cases in which the bank subsequently rejected the deposits meant that we incurred significant losses. The risk is now too high for us to credit accounts prematurely. We are in the process of forming relationships with new partners, banks, and taking other steps -- hopefully we will not only be back where we were before we encountered these issues , but much further ahead.
https://www.mtgox.com/press_release_20130805.html
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