They have nothing to say at all about withdrawals in section of press release titled Deposits and Withdrawal Update . I, personally, find it reasonable to assume the worst. The only good reason I can give for a business that takes deposits but effectively withholds withdrawals without any plausible explanations is insolvency.
Dear Mt. Gox are you insolvent? If not, then WTF?
Agreed.
For any of you who have fiat currently being held with MtGox, I ask you to take a few minutes out of your day right now to run through this quick thought experiment with me. Honestly, we'll do it together right now:
...
Now, to wrap up this thought experiment. After taking all of these factual points into your consideration, do you believe Mt Gox is solvent? Are these the actions of a company that has made a conscious decision to stay in business and grow their customer base? Be honest with yourself, it may save you some money and ฿.
Those are the actions of a company that's broke and is desperately trying to delay the inevitable. As the SEC says on their
: "Be suspicious if you dont receive a payment or have difficulty cashing out your investment." That's a huge red flag.