Mtux says Mizuho Bank's automated wire transfer API is broken right now. Wires can only be sent out manually by Mizuho. Gox is opening accounts at other banks, which should drastically improve USD withdrawal times and bypass the technical problems at Mizuho. This process should take around 2 weeks.
Lets examine this a little.
An API which has been working perfectly for a bank suddenly stops working and there is no solution to the problem apart from opening new bank accounts ?
Banks don't just go in and break their systems, if there was a software issue with their API they would roll back any recent changes and make it work again.
This is an excuse. Knowing how Asian businesses operate I would say it's a 'face saving' excuse.
I think I can say that this is also a lie - someone at the bank is lying to mtux if this is what was said.
Well that's a strange thing I learned. When you get IP banned from a site, suddenly your API requests to the site fail. Why does this happen? Nobody knows. It is a complete mystery. Someone should make a game about that. A mystery game.