Topic: MtGox withdrawal delays [Gathering] - page 206. (Read 908727 times)

That's what their own platform states, maybe, but how can you know they aren't operating as fractional reserve, or that they might fill the order book with bogus data?
I look with my eyes and see that first USD withdraws delay, after a few months EUR, after a few more months BTC, finally JPY too... I can safely say they are not reliable and they should not be trusted with your money, hence you shouldn't trust either what they state.
They can state they own 10 gazillion dollars for all I care: as long as they aren't able to actually send it, they are worth exactly 0 to me (and to any sane person).

How long did this particular withdrawal take?

How can they run out of money?

Btc just went through a huge growth, and Gox received at the very least $20 million in deposits, their order books went from $20m to $40m.
And i'm not talking of the killing profits they made on trading fees, nor Gox/Mark personal btc reserve in the thousands!

I'm not trusting them but i just can't see how could they go bankrupt!

They're running out of money?
Are people so blind to keep trusting them?
Big red flags mean nothing to you?

Thank you. So i suppose that i have to wait until the 27th January at least. i really don't know what is happening at Gox

ok so my first withdrawal was processed in yen to my japanese account from the 7th january on the 22nd january. still 2 more outstanding on later dates but at least its paying out still. panic over. 2/3 week delay estimates are correct. goodluck

i have a japanese bank account too and withdrew on the 12th and 14th january, all confirmed but nothing.
I even wrote them in english and japanese some days ago, but no answer yet!!
 

From wikipedia:

FinCEN requires a SAR to be filed by a financial institution when the financial institution suspects insider abuse by an employee; violations of law aggregating over $5,000 where a subject can be identified;[clarification needed] violations of law aggregating over $25,000 regardless of a potential subject; transactions aggregating $5,000 or more that involve potential money laundering or violations of the Bank Secrecy Act; computer intrusion; or when a financial institution knows that a customer is operating as an unlicensed money services business.

My guess is the US government sees anything involving BitCoin as 'potential money laundering'.

That's pretty much the same time I received my last USD withdrawal (at 5% fee). Haven't tried since..

Tough break. Or totally epic

I knew a guy years ago who didn't last so long in Japan. His name was 'Gary' so I think he's got you beat.

Would like to hear that story. I can't imagine what other meaning could be taken from that.

Thanks for the info guys.

From what I've been reading is it fair to say generally SEPA transfers work within the 3-4 week time band on the website? (Although this is unacceptably slow anyway!)

i have a japanese bank account and withdrew on the 7th, 11th and 15th january, all 100,000 yen, all confirmed but nothing. been keeping an eye on this thread and now starting to get worried with others adding to it in the same boat. stopped believing it has anything to do with the holiday period now. if anybody receives their yen please repost to give the rest of us hope. thanks

It seems that this route is closed. When one tries to use PLN withdrawal option, a message appears that this has been replaced with the new "Withdrawal Center". Then I have defined my PLN account in a Polish bank, and got a message saying that it will be activated soon. After a week I've filled a support ticket asking why it is not yet active. I've got a response that my MtGox account is verified. Sure, rrrright, it has been verified a month ago... Then I've created another ticket, with link to the previous one, with more precise problem description. After a few days I've got a response, my bank account can't be activated in the Withdrawal Center, because I have used ambigious letter "ł" in account details. Cool, so I've defined the same account again, replacing "ł" with "l". Two weeks more and it is still inactive. Maybe I should send another ticket...

Anyway when defining an account in the "Withdrawal Center" there is nothing special for PLN withdrawals, there is just option to enter the IBAN number, which probably means, that withdrawals in PLN are now just plain SEPA ones (most banks in Poland do SEPA).

I've planned to sell some 0.1 BTC on MtGox and try fiat withdrawal, just to learn myself how long it takes. Now I'm every day less convinced that it makes any sense.

The delays for domestic PLN withdrawals are as bad as for SEPA withdrawals. Or perhaps even slightly worse.

Has anyone received USD from them since mid November? I haven't

Has anyone tried the domestic Polish Zloty bank withdrawal route for MtGox? Does that work any better than SEPA?

Thanks!

Well I suppose he is joking as the handle mentioned implies "I'm moron" in Japanese. As for the bank, he used JNB for successful withdraw this month and that should be one of the factors to distinguish. JNB is the same bank as MtGOX.

Yeah, I can't see that it is anything other than Gox just sitting on the money, probably due to cash flow issues. I think it is particularly telling that I've had no response from support, yet there was plenty of response recently when chasing up my verification, presumably because they hoped id be depositing funds.

I thought it was USD $10,000 that triggered the SAR report.