Topic: MtGox withdrawal delays [Gathering] - page 323. (Read 908613 times)

Not at all. I will be doing this as a matter of principle.

I have 95% of my funds all secured in proper accounts or in cold storage.

Do you really think filing a complaint will help speed up withdrawals?

And don't forget to burn your Yubikey.


It's all so destructive.

And what you will "file" when you have no more money on Gox? That's absurd.

I see what you did there.

3 months not an issue for me. Will update this thread when the magic finally happens

I was sarcastic. Plan 3 month.

How stupid is that? Gox LOST Dwolla, Liberty Reserve and OKPAY. What do you had expected? That this has no effect? That was Goxs backbone for payments.

And Gox is now to be struck with the hammer of the SEC after the chaos was created by the agencys?

This is so wrong.

You have lost faith in Bitcoin. You now want quickly your money to buy after the big crash. That's a pump and dump system in which nothing is permanent. In two years Bitstamp is sued if they have problems. This is exactly the way of hedge funds. So we have no chance.

We are not significantly better than the banks. It's all a big lie. People have made ​​too many profits and and they now full of greed, running for "their" money. It's sad.

Not sure if trolling...or sarcastic

Sorry, did I miss the memo? Last I heard, withdrawals are still working, just that there is a massive time delay.

Your strategy makes sense only if withdrawals aren't working at all, and/or if I want the money now, and am willing to take a 10% haircut for the privilege. I definitely do not need the money now, and last I heard, Gox still processes withdrawals, albeit at a slower rate.

Congratulations, you've done everything wrong.

Delete your withdrawals, buy bitcoins on Gox and sell them on Bitstamp.

This is the preferred method for people who do not get enough. And yes, that'll cost you. Such is life. Greed has its price.

Anyone here made a SWIFT wire transfer USD withdrawal to a non-US country recently and got their money, if so how long did it take?

I have made one 10th July - $2K USD just to see how long it would take. Been a month and nothing yet. I sent them an email a few days back asking what's up and got the standard generic cut-copy-paste response.

I've now given up trying to guesstimate withdrawal time and just queued up another 3 withdrawals, each ranging from 5-8K USD. The way I see it, I might as well get in the queue now, seeing as Gox cancels a fiat withdrawal request within hours should you change your mind.

I will update if I ever see my money

Edit: Oh, and BTW, fuck Gox

Thanks a ton for that.
I will also file a complaint with the SEC, and then close my account at MtGox , too.
I have been with them since September 2010.

If Mt. Gox owes you money, here's something you can do easily. The SEC says Bitcoins are an investment contract, and a judge has agreed. That means the SEC has jurisdiction over Bitcoin broker/dealers.

File a complaint with the SEC against Mt. Gox, for their defaulting on customer funds withdrawals. (Click here to file a complaint.) Do your homework. Get the street address of Mt. Gox in Japan right. Get the company name right. Make the point that they're months late on their cash payments to many customers. That's a huge red flag to the SEC.

The SEC does go after unregistered foreign broker/dealers dealing with US customers.  Such dealers have to register with the SEC if they deal with US customers directly and hold customer funds. Mt. Gox has a legal U.S presence; they have a registered agent in Delaware so they can file with FinCen. Mention that address in the complaint.

If you file a complaint, a copy goes to Mt. Gox, sent by the Securities and Exchange Commission. That will get Mt. Gox's attention. They have to answer the SEC. You'll probably get paid very fast.

Just because Mt. Gox is in Japan doesn't mean the SEC can't fine them. Also, the US SEC and the Japan Financial Services Agency have a formal cooperation agreement. If the SEC tells the FSA that Mt. Gox seems to be in financial trouble, the FSA will be interested. The FSA has the authority to audit Mt. Gox any time they want to.

You don't have to put up with Mt. Gox's excuses. You can drop a big hammer on them.

Today I closed my account @ MtGox.
I was one of the oldest customers. It is not possible for me to withdraw any funds to my Dutch Bank without make an NEW template. In the past I was using an old template without problems.

In summary:
For reason you can study my last tickets

In the past I always withdrew my funds successfully using an existing BANK template. (Look @ my withdrawals in the past!)

Withdrawals using this old and existing template caused the error: Cancel of: Withdraw to account RABOBANK NEDERLAND Invalid currency, your withdraw must be made from EUR

THIS HAS NOTHING TO DO WITH THE NEW TEMPLATE I MADE (a couple hours ago) AFTER THIS ERROR
You blame this error because of this NEW TEMPLATE is not verified.

But the error occurred BEFORE I made the new Bank template.
You make it impossible to do business for me in a simple way

You are losing now one of the most loyal and oldest customers

Regards,




Hello,

We need your cooperation in this matter.

To have your bank account verified you should first fill in the identity form associated to your Mt.Gox account(write in your name, DOB, address etc).

In order you can do that, we have to downgrade your account. Once you filled the form, your account will be upgraded to "verified" status again.

When your account is downgraded you will not be able to complete trades or do any transactions, so we suggest you to finish all activities on your account, tell us that you are ready, we will downgrade your account, you will fill in the form and let us know asap that you are done so that your account can be returned to verified status quickly.

As a first step, let us know when you are ready to fill in the form.

We are sorry about all inconvenience caused.

I have no time to write this down in a structured way. I have to work
Still I want this to share here.

(Using Bitstamp without problems)

Hours, not days.  For deposits.  Withdrawals take up to one day.

I sent EUR (SEPA).  Skandiabanken told me they use Citibank for all their foreign transfers, and Citibank blocked it.  I complained to "Finansklagenemnda", and Skandiabanken refunded all fees I had when I express transferred the amount from the bank I normally use.  I noticed that Skandiabanken has terrible currency conversion rates as well, and I actually saved money by paying the fee to transfer from my normal bank.  Hidden fees like this is another reason to stay away from Skandiabanken.

yea sure we can get hit by a comet or the lake of fire will appear and we all fall in.... get real...  perhaps... maybe... coulda shoulda woulda.... this is not how business operates, you take a horse that runs and you use it so long as it walks...

I am confident what I was saying was pretty trivially easy to understand for a big bunch of people.

The jp transfers might make it in 2 or 3 days until perhaps some day they don't. Who knows for sure anything what is actually going on?

uh what the hell are you even talking about???

there is chat log floating around with magicaltux saying jp transfers take 2 or 3 days...  come back to earth please...

setting up a sub for a us corp parent is nothing unusual

I tried a new bank one day.  I cancelled my account after one day after trying three transfers.  One of my transfers, to Intersango, got blocked because this bank used USSAnian Citibank as intermediate for international transfers, and Citibank blocked transfers to Intersango.  I haven't had this problem with any other bank I have used.  The bank was Skandiabanken, btw.  Stay away!  Citibank is actively blocking transfers to some exchanges, and is a hub for international transfers.

My bank has a limit on how much I'm allowed to transfer each day and each month.  I think it is quite common, but most people and businesses stay far below this limit.  I can only raise mine to a certain level, and I don't know how I can go above that level.  Probably by paying high fees.

Almost exactly that is claimed here https://bitcointalksearch.org/topic/m.2540042 (more specifically - as I said previously - the payment is received, but then reversed when the covering payment is blocked)

Indeed, MT 202 COV SWIFT messages exist precisely so that US correspondent banks can block 'illegal' USD transactions.

There is a link in that same thread to the famous example of US correspondent banks blocking a payment for cuban cigars that was made between two European companies.

roy