Could Gox ever be shut down for malicious practices, and in the process locking all customer funds indefinitely? I'm just wondering since they haven't paid anyone since july. And because I want to work the arbitrage with my euros, but the risk of my funds getting locked up in that shit really deters me.
As the value of BTC rises the risk of someone suing Mt Gox and shutting it down in Japan rises.
It doesnt make any sense to hire Japanese lawyers if Mt Gox owes you $2000. It is a no brainer if Mt Gox owes you $20 million and isn't paying.
What I want to know is why MtGox don't just write a old fashioned check ?
Or they could get bank drafts / cashiers checks and FedEx them.
There are other ways of sending money than wire transfers and it doesn't need to be electronic.
I'm sure there is no shortage of fly-by-night, high-margin processors (who probably can't handle anywhere near Gox's volume), though. Reminds me of getting shady 3rd party foreign checks from Hong Kong, Singapore, Canada, etc. with online poker. I had a check bounce on me 6 weeks after deposit with a check from a HK processor. Fuck that shit.
Imagine dealing with Gox support with that kind of issue....
