Post
Topic
Board Beginners & Help
Re: Mt.Gox is also not processing EUR SEPA wires - probably they are bankrupt
by
EuroBit
on 27/06/2013, 18:30:02 UTC
I would have done that, unfortunately I sold BTC for EUR long before these announcements had been made.
Since these wires are now stuck at Mt. Gox there is no chance for me to just send the BTCs out to a credible exchange. Sad

I mainly want to warn people. If you still have cash available or BTC at Gox, take the loss and send it out as quickly as possible.
I think Mt. Gox operates as a pyramid scheme and they are simply out of cash. Maybe they are even artificially keeping the exchange rates high.

All these companies of theirs have a very minimal stock capital, so no wonders they are using their customers bank:
http://imfed.org/ratings/mt-gox-tibanne-co-ltd/