2+2 = 4
Gox is short of $10M and they are heavily delaying withdrawals. They make up stupid excuses such as "the old financial system cannot follow the thriving BTC economy" and "our huge volume is overwhelming the biggest bank is Japan". Still, there's no problem with the money coming in, only with the money going out.
How do you explain the timing? The withdrawal problems started around the 5th of June. The first Dwolla seizure happened on June 14th. You have nine days to explain.
At the same time, Bitstamp is actually handling a higher volume, and processing withdrawals quickly and smoothly.
Smaller volume, actually. And much fewer customers.
The most plausible scenario is simply that Gox is having liquidity problems.
What was the cause of their liquidity problems during the second week of June?
Some of you repeat that Gox made aprox. $8M in trading fees since April this year, like that means $10M is nothing for them. That's absurd. The fact is their income before expenses during the period of higher usd volume EVER is significantly smaller that the hole created by Coinlab and DHS. $10M is not precisely peanuts for Gox, saying the contrary is ludicrous. Note that the two days of all time high volume happened precisely in August. If you have any experience managing a business you know this kind of hole means - at best - a huge headache for Gox.
Nothing of this, as far as it makes any sense at all, can explain the problems. The order book is 12 million USD deep in bids. Even if they didn't make any profit at all (8 million USD is from April to August 20th), they would have at least 2 million USD left of customer deposits to pay out of. Only a fraction of their deposits are visible in the order book.