10 February 2014

Price Drops as Mt. Gox Blames Bitcoin Flaw for Withdrawal Delays

Mt. Gox has issued a statement in an effort to address concerns raised by users after it suspended bitcoin withdrawals late last week. The exchange insists it is working hard to address a technical issue that has made it impossible for users to make transfers.


The company also points out that currency withdrawals and transfers to any Mt. Gox address are not affected by the issue.


Mt. Gox stressed that the problem is not limited to its exchange – it affects all transactions where bitcoins are sent to a third party. Once the problem was identified, Mt. Gox chose to suspend bitcoin withdrawals until it can be resolved.


Continue reading at CoinDesk


February 10, 2014 at 11:05AM