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long story short, they halted customers from withdrawing fund until they 'sort out their technical and security problems'. The longer the problem go unfixed, l
by pcurve 13y ago
long story short, they halted customers from withdrawing fund until they 'sort out their technical and security problems'. The longer the problem go unfixed, less likely customers would be able to withdraw at all, so price crashed 85%.
This all happened in the past few weeks.
- lucb1e 13y agoNote that only the MtGox price crashed that hard, other exchanges offer much more bucks for the coins. But, since you can't withdraw in btc, it's no use buying them cheap at MtGox because you can't sell them elsewhere. At least for now, if we should believe them.