Printed from http://www.electronista.com

Bitcoin exchange Mt. Gox suffers Dwolla access revocation by DHS

updated 07:02 pm EDT, Tue May 14, 2013

Reasoning for court ordered shutdown unclear

According to OKCupid founder Chris Coyne, Bitcoin exchange site Mt. Gox has seen its access to payment service Dwolla shut down by the Department of Homeland Security (DHS). Coyne posted the email he received from Dwolla, stating that due to the order by the arm of the US Government, Dwolla cannot complete the ordered transfer to the exchange.

Dwolla told Betabeat that the payment service is "not party" to the matter, and is reacting to the DHS order. "the Department of Homeland Security and U.S. District Court for the District of Maryland issued a 'Seizure Warrant' for the funds associated with Mutum Sigillium's Dwolla account (Mt. Gox)," said the representative.

"In light of the court order, procured by the Department of Homeland Security, Dwolla has ceased all account activities associated with Dwolla services for Mutum Sigillum while Dwolla's holding partner transferred Mutum Sigillium's balance, per the warrant."

Mt. Gox responded to the email, by saying that "we can see that the Dwolla transactions are not getting processed right now. We will contact Dwolla and post an announcement regarding this. Your patience is appreciated till then."



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Crucial MX100 256GB SATA-3 SSD

While the price-per-gigabyte ratio for magnetic platter-based hard drives can't be beat, the speed that a SSD brings to the table for ...

Narrative Clip

With the advent of social media technology, people have been searching for new ways to share the events of their daily lives -- be it ...

Blue's Mikey Digital

Blue Microphones, a company that makes some of the most popular digital USB microphones among podcasters and musicians, has for some t ...

Sponsor

toggle

Most Commented

 
toggle

Popular News