Quote from: glon on March 06, 2014, 10:49:15 AM

Quote from: raskul on March 06, 2014, 10:45:46 AM

Quote from: ghdp on March 06, 2014, 10:36:17 AM

Quote from: glon on March 06, 2014, 10:22:11 AM

Are you seriously suggesting that the Gox bank account had 270eur but didn't have 960eur at any one point in time?

More or less ...

They (mtgox) may have implemented a "queue system" on their side so that every day :
- they check the balance of the account (last day balance = 0 ; new balance = sum of incoming transfers of the day)
- they pick as many "waiting wires" from their queue system as they can, starting with the smaller and older ones, up to the point where they can no longer pay
- they send the money, the new balance is 0 again ...

"Sorry it's not our fault guys, the bank refuses to send more money than we have"

this... is exactly what happens when a company dives into insolvency, and yes, a perfectly feasible explanation.

Yes it makes perfect sense. But if insolvency is really involved, then they've been insolvent for a long time now. I know people used to wait for some SEPA withdrawals for months on end, even in its heyday.

Ok, well, my withdrawal was actually confirmed, so I guess I had some bad luck that Gox probably had no money left at the time to make the transfer take place. Although it seems that not all is lost yet, as i've read a few days ago that Gox plans to continue business in an attempt to pay its customers back, as stated here (copy paste from an article from coindesk.com):

In order to increase repayments to our creditors, it is necessary to explore the possibility of having MtGox Co., Ltd. continue its business. This is why the civil rehabilitation procedure has been chosen, Rebuilding MtGox Co., Ltd under the supervision of the court in a legally organized procedure while giving proper explanations will not be for the sole benefit of the company but for that of the whole bitcoin community.

All efforts will now be made to restore the business and recover damages to repay debts to creditors. We hope for the understanding and cooperation of all.

I guess it's all in the hands of the court, as they are waiting for a decision from it: http://www.reddit.com/r/MtGox/comments/1zpm6h/mtgox_20140303_qa_in_english/)

So I guess all we can do is wait and hope for the best?