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That's exactly what happened. No coins were allowed to be withdrawn from MtGox. That's why people panicked and sold at firesale.
by negamax 13y ago
That's exactly what happened. No coins were allowed to be withdrawn from MtGox. That's why people panicked and sold at firesale.
- dcosson 13y agoAh ok, thanks for clarifying. I had assumed the freeze starting a few days ago applied to trades as well but clearly not.
- negamax 13y agoActually, broader reason was that people concluded that MtGox have lost all the coins. And will be insolvent. In that event, it be easier to sue them for cash instead of coins.