19 Mar 2014

Withdrawals Still Halted as Bitcoin Exchange Mt.Gox Reopens

The bitcoin exchange Mt.Gox has reopened its web site, although it can only be used for  balance checks as withdrawals are still halted, according to The Guardian.

The exchange went offline three weeks ago after a DDoS attack. Shortly after, they discovered the theft of 750,000 BTCs due to transaction malleability exploit.

“The company is clear that the service is only being provided `for the convenience of all users’,” the article said. “It also notes that `confirming the balance on this site does not constitute a filing of rehabilitation claims under the civil rehabilitation procedure,’ the equivalent of bankruptcy in Japan, where Mt.Gox is based.”

Users are also advised that they can join a massive law suit, but in the US the company is safe from cases such as this one as it was declared bankrupt.

Canada is still one option as they are currently targeted by a law suit involving the biggest two shareholders, Mark Karpeles and Jed McCaleb.

“A spokesperson reached via a helpline for Mt.Gox creditors confirmed that Mt.Gox set up the log-in, based on the last available data from the exchange's servers before they shut down,” said Reuters regarding the database’s timeline.