Quote from: MatTheCat on February 08, 2014, 02:26:31 AM

Quote from: ehoffman on February 08, 2014, 02:10:05 AM

Reviving my original post... Time to re-consider my original taught?

Last time was with withholding fiat. Now they are stopping any currency withdrawal...

I LOL'd at Komodorpudel's post. The level of naivety in society in spite of all the reports of corruption even in the mainstream media, never ceases to amaze me. Not only naive, but he then reprimands you for your tin-foiled hattedness.

It was only after I read your updated post that I spotted that this was originally posted way back in July 2013.

Looks like your concerns were justified. Gox has played the oldest money changer trick in the book. They have realised that not everyone wants all their fiat withdrawn or in Bitcoin all at once, they have taken money, and possibly worked fake Bitcoin into their exchange (accrediting accounts with more Bitcoin than is actually on the exchange) in order that they can take out even more money, and play it on other profitable ventures.

Great when it works. A complete disaster when it doesn't. Gox is blatantly insolvent and the move to block BTC withdrawals suggests that not only do they not have the money to pay people back, but they don't have the BTC either. Yet another massive Bitcoin fraud.

They have stopped BTC withdrawals - for a few days so they can fix some bug.

More scare-mongering like this will not help Gox OR the people who want to continue using their services.