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Topic: Trading btc for goxbtc; is there any risk of MtGox reversing internal transfers? (Read 1192 times)

legendary
Activity: 1204
Merit: 1002
Can Mtgox reverse internal bitcoin transactions?
That's a very good question. 

It's more like "can they get away with it if they do it?" Given the reluctance of Gox suckers customers to sue, probably yes.
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
I think at this point, Gox might and could do anything. If they really are insolvent, all bets are off.
legendary
Activity: 1001
Merit: 1005
As the above post says, there is non-zero probability of internal transfers being reversed.
hero member
Activity: 501
Merit: 500
Yes they can reverse the internal BTC transfers, since they do not even use the blockchain but are just database transactions. Not likely though unless they suspect fraud or other illegal activity.
sr. member
Activity: 457
Merit: 250
bump.

How is the process of transfering coins gox internal?
member
Activity: 103
Merit: 10
Can Mtgox reverse internal bitcoin transactions?

Does that increase the risk of buying goxBTC?
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