Post
Topic
Board Exchanges
Re: MtGox withdrawal delays [Gathering]
by
glon
on 06/03/2014, 09:31:59 UTC
Anyone still got his money back recently? Still waiting for a withdrawal done by the end of January. Should I presume the money is lost?
If mtgox was honest and the delays were due to the banks taking so long, the money would be on the way to you.
If mtgox was lying and they kept the money on purpose, the money is still at mtgox and by now seized.

Banks themselves can never "take so long". It's plain and clear Gox was withholding SOME funds on purpose, even for SEPA transfers. The reason I say SOME, is this:

I had 2 SEPA withdrawals from Gox:

1) 960€ on 24Jan, never arrived
2) 270€ on 6Feb, arrived 22Feb

Now why in the fuck would they process the later withdrawal sooner than the earlier withdrawal??

OR you could read it as :

MtGox was not "withholding" any funds, and the bank processed the wires in the next open day as they always do for all of their customers with only ONE condition : that there were funds on the account first.

"960€ ? Sorry Mr K. we cannot do that because you account contains only 459€"
"270€ ? Yes that we can do. Now you only have 189€ left. Have a nice day"



Thing is Gox do not have a separate bank account for each one of their customers. So whatever per-customer withdrawal limit is set is not set by the bank, but artificially by Gox.

They could have send the 960 just as well as they did the 270, I'm sure their bank account would not be "depleted" (not correct word I know) by this single withdrawal. But they chose not to.