01 October 2016
Visit www.dh.com

US govt freezes Mt. Gox account with Dwolla

15 May 2013  |  6536 views  |  0 STOP

The US Department of Homeland Security has served payments start-up Dwolla with a court order telling it to stop processing transactions linked to bitcoin exchange MT. Gox.

In an e-mail to users - shared on sites including Twitter and Reddit - Dwolla says that the court orders mean it "is no longer legally able to service" MT. Gox's account.

The move cuts off a popular way for American bitcoin users to move their funds in and out of Japan-based MT Gox, which recently saw its planned partnership with US counterpart CoinLab fall apart.

In its e-mail to customers, Dwolla says it is "not party to this matter nor does it have any information or further insight into the situation." The firm points disgruntled users to MT. Gox but in a statement on its site, the exchange reveals that it only learned about the issue through the Internet.

"Mt. Gox takes this information seriously. However, as of this time Mt. Gox has not been provided with a copy of the court order and/or warrant and does not know its scope and/or the reasons for its issuance. MtGox is investigating and will provide further reports when additional information becomes known."

KeywordsLEGAL

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

UK civil servants ponder bitcoin threats - FT

UK civil servants ponder bitcoin threats - FT

14 May 2013  |  6871 views  |  1 comments | 5 tweets | 1 linkedin
Bitcoin exchange MT. Gox hit with $75m lawsuit

Bitcoin exchange MT. Gox hit with $75m lawsuit

03 May 2013  |  5016 views  |  0 comments | 3 tweets
Bitcoin exchange Bitfloor shuts down

Bitcoin exchange Bitfloor shuts down

18 April 2013  |  8405 views  |  0 comments | 13 tweets | 5 linkedin
US govt clarifies virtual currency regulatory position

US govt clarifies virtual currency regulatory position

19 March 2013  |  15319 views  |  0 comments | 12 tweets | 23 linkedin
Bitcoin exchange TradeHill sues Dwolla

Bitcoin exchange TradeHill sues Dwolla

07 March 2012  |  7537 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Find out moreVisit capgemini.comVisit VocaLink.com

Top topics

Most viewed Most shared
Ripple rudely gatecrashes Sibos partyRipple rudely gatecrashes Sibos party
11092 views comments | 35 tweets | 33 linkedin
BNP Paribas is working with clients on blockchain deploymentBNP Paribas is working with clients on blo...
7973 views comments | 15 tweets | 31 linkedin
Banks ready for real-world blockchainBanks ready for real-world blockchain
7059 views comments | 22 tweets | 29 linkedin
PayPal and Lenovo team on biometric authentication for laptopsPayPal and Lenovo team on biometric authen...
6818 views comments | 13 tweets | 16 linkedin
Distributed ledger technology could damage financial market integration - ECBDistributed ledger technology could damage...
6286 views comments | 15 tweets | 10 linkedin

Featured job

Find your next job