Quote from: chanc3r on February 20, 2014, 06:58:22 PM

Quote from: cryptolawyer on February 20, 2014, 06:43:43 PM

Quote from: igmaca on February 20, 2014, 06:33:12 PM

bitcoin price in MT gox is falling to zero.

Is this normal?

On top of their prior bombshells regarding the transaction malleability issue, they have imposed additional restrictions on the ability to withdraw funds (i.e., heightened ID verification requirements).

It's looking increasingly likely that Mt Gox is insolvent and trying to buy time. Ironically, one of the early proponents of the merits of Bitcoin as a decentralized platform finds itself at the epicenter of a monumental failure of centralized trust.

The sooner it goes the sooner the crypto world can start to recover.
Feel sorry for the people caught up in it.
Never traded there myself thankfully.

I have a lot of money there probably never see it back, sick of it damn Angry