So DHS is meddling with exchanges and people are SELLING into USD?!?

joesmoe2012

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Ching-Chang;Ding-Dong

Quote from: ManaUser on May 15, 2013, 04:49:59 PM

Well, looks like they're attacking Bitcoin after all. No MtGox isn't Bitcoin, but it's obvious what this is about.

Forbes:
The Feds Are Cracking Down On Mt. Gox (Not On Bitcoin)
http://www.forbes.com/sites/kashmirhill/2013/05/15/the-feds-are-cracking-down-on-mt-gox-not-on-bitcoin/

joesmoe2012

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Ching-Chang;Ding-Dong

Quote from: melon on May 15, 2013, 03:49:10 AM

whenever I fly out of the country I always get the" cant take more than 10.000 " declaration sign to form so probably has to with too much money leaving so fast

Actually that's only whenever you ENTER the country.

ManaUser

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Well, looks like they're attacking Bitcoin after all. No MtGox isn't Bitcoin, but it's obvious what this is about.

tampa3

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Quote from: svojoe on May 15, 2013, 12:54:22 AM

Its my understanding that Dwolla cannot work with Gox at all right? Meaning anyone using Dwolla to put into and out of Gox is currently barred?

I started a transfer from MTGOX yesterday from USD to my Dwolla account, and it normally only takes a few hours to do. I knew something was wrong after 6 hours have gone by. Now a full day and still nothing. I have email Mtgox asking for the status.

charleshoskinson

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Ok I have a little more info. The seizure warrant came out of Maryland and it was on behalf of ICE. It seems like a financial crime investigation most likely involving either RICO or anti-structuring laws. We'll get more info in a week or so.

melon

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whenever I fly out of the country I always get the" cant take more than 10.000 " declaration sign to form so probably has to with too much money leaving so fast

joesmoe2012

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Ching-Chang;Ding-Dong

I don't think anybody is really 100% sure whats going on at this point, just that DHS is involved (or so CNET says is confirmed, but we've learnt not to trust the media by now haven't we?)

svojoe

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einc.io

Its my understanding that Dwolla cannot work with Gox at all right? Meaning anyone using Dwolla to put into and out of Gox is currently barred?

oakpacific

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And when they withdraw their money would be caught right by authorities for investigations.

joesmoe2012

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Ching-Chang;Ding-Dong

Yeah but they are escaping into fiat currency they may not be able to withdraw!

I'd have thought that BTC would be going up on MTgox because everyone wants their fiat currency as far away as possible.

Bitcoinm

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Some people are worried, want out, and now is their escape.

charleshoskinson

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Does anyone have any clear information regarding Dwolla?

Stunna

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Primedice.com, Stake.com

It doesn't matter what is going on, Investors don't like uncertainty.

ManaUser

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This is certainly alarming news, but so far I'm hopeful that it's only related to some specific money laundering case, or whatever. It would be very typical of the feds to do something like that without caring how many honest people they inconvenience.

joesmoe2012

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Ching-Chang;Ding-Dong

Quote from: chadqberry on May 14, 2013, 06:59:37 PM

It took one email to support and 24 hours to have my limit raised from $1K a day and 100btc to $10,000 per day (or $50K per month) and 1000 btc per day.
That is, once my account was verified.
Of course, I'm paying my taxes and doing nothing illegal so getting verified was no concern for me.

mtgox doesn't check to make sure your paying your taxes, just to see that you are who you say you are.

chadqberry

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It took one email to support and 24 hours to have my limit raised from $1K a day and 100btc to $10,000 per day (or $50K per month) and 1000 btc per day.
That is, once my account was verified.
Of course, I'm paying my taxes and doing nothing illegal so getting verified was no concern for me.

uhoh

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Circle gets the Square

Quote from: bozak on May 14, 2013, 06:04:44 PM

You have to email or use their live chat, they'll up it.

Thanks, I didn't realize that. However, I can't find a live chat option. How do I get to live chat?

There's a speech bubble icon next to the facebook link at the top of most pages. Their live chat is pretty temperamental though, I've only got through a couple of times. Remember it's only 8am there atm.

bozak

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Quote from: uhoh on May 14, 2013, 05:20:42 PM

You have to email or use their live chat, they'll up it.

Thanks, I didn't realize that. However, I can't find a live chat option. How do I get to live chat?

BTC Books

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Quote from: proudhon on May 14, 2013, 05:29:51 PM

Quote from: bozak on May 14, 2013, 04:56:59 PM

Easier said than done. Unless you have the maximum level of Mt.Gox verfication, you can only send 100 BTC out per day. For larger accounts, there is no choice but to have either $ or BTC sitting in Mt.Gox.

Or plan ahead and don't keep more than you withdraw on the exchange. I removed all my bitcoins from every exchange a while ago, and I'm happy I did. I'm fortunate to be in a position capable of weathering any reasonable (for bitcoin) price volatility (to the downside, more specifically) and given that bitcoin is getting a lot of attention lately, and lots of laws are untested and/or undefined, I don't want to have any BTC or USD sitting somewhere where I don't have exclusive control.

Yup.

All the BTC I keep out on the 'net these days is a few dozen on Coinbase, to sell during ridiculous price spikes.

proudhon

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Quote from: bozak on May 14, 2013, 04:56:59 PM

Easier said than done. Unless you have the maximum level of Mt.Gox verfication, you can only send 100 BTC out per day. For larger accounts, there is no choice but to have either $ or BTC sitting in Mt.Gox.

Or plan ahead and don't keep more than you withdraw on the exchange. I removed all my bitcoins from every exchange a while ago, and I'm happy I did. I'm fortunate to be in a position capable of weathering any reasonable (for bitcoin) price volatility (to the downside, more specifically) and given that bitcoin is getting a lot of attention lately, and lots of laws are untested and/or undefined, I don't want to have any BTC or USD sitting somewhere where I don't have exclusive control.

Topic: So DHS is meddling with exchanges and people are SELLING into USD?!? (Read 4284 times)