9 ms·

Well technically this is a "technical issue" but lets not fool ourselves to believe that Mtgox is holding out withdrawals just to be on the safe side. If they a

• Anderkent 13y ago
  Probably not that much. However, it must have really messed up their internal accounting. The problem isn't that they don't have the money - the problem is that they don't know which of the outputs that they own have been used, and which haven't. They have to fix the bug, parse the blockchain, consolidate that with their internal records of ownership, figure out which pending withdrawals have been fulfilled, which haven't, which have been paid twice... There's a lot of things to do there, and they all need to be fixed before they can tell if a new withdrawal is legit.
  • pmorici 13y ago
    "The problem isn't that they don't have the money" They didn't address that in their statement. They may not even know themselves yet how much they were taken for. With the high number of transactions that were failing in the days leading up to the withdrawal halt it's pretty clear someone was exploiting this to double withdraw something was almost certainly taken the question is how much and can they recover.
• michaelt 13y ago
  It says something about bitcoin exchanges' reputations that you think they only close the stable door after the horse has bolted.