Post
Topic
Board Exchanges
Re: MtGox withdrawal delays [Gathering]
by
smoothie
on 26/08/2013, 06:58:36 UTC
Have you ever written a press release?  It is supposed to be as short as possible.  A press release listing every little detail will get ignored by the press.

What the hell are you talking about? They've either given false facts or left out vital information.  Their PR is absolutely worthless.  

what exactly is a false fact? lol

People are using Gox as a source of "fact." Those "facts" are false.  

March 28th:
We are also working with authorities in Europe and US to ensure our activity is in line with local regulations.

June 26th:
Mt.Gox registers as MSB with FinCEN. http://www.fincen.gov/financial_institutions/msb/msbstateselector.html

3 months later? Oh ya thats "working with authorities in the US to ensure their activity is in line with local regulations"

July 4th:
"Mt. Gox is happy to announce that global account withdrawals have now fully resumed as of today, after several days of testing our new system for processing transactions.....Mt. Gox has now formed relationships with several new banking partners both in Japan and around the world, and we are still in the process of finalizing even more. ..... but there is approximately a two-week back-log we need to overcome. It will take a few weeks to get back to normal."  https://www.mtgox.com/press_release_20130704.html

Its been a month and a half and Karpeles is still saying in the IRC chats that they basically can only process 10 a day?  That isn't "fully resumed."

August 5th:
"We are in the process of forming relationships with new partners, banks, and taking other steps"  https://www.mtgox.com/press_release_20130805.html

Ya uh sure you are.  Didn't you just say that you already "formed relationships with several new banking partners" a month ago?

The double talk is the main tell that Gox likely has issues they are not disclosing.