24 May 2017
Visit www.capgemini.com/worldreports

US govt freezes Mt. Gox account with Dwolla

15 May 2013  |  6819 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  |  7120 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  |  5251 views  |  0 comments | 3 tweets
Bitcoin exchange Bitfloor shuts down

Bitcoin exchange Bitfloor shuts down

18 April 2013  |  8599 views  |  0 comments | 13 tweets | 5 linkedin
US govt clarifies virtual currency regulatory position

US govt clarifies virtual currency regulatory position

19 March 2013  |  16243 views  |  0 comments | 12 tweets | 23 linkedin
Bitcoin exchange TradeHill sues Dwolla

Bitcoin exchange TradeHill sues Dwolla

07 March 2012  |  7783 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.response.ncr.comvisit www.events.sap.com

Top topics

Most viewed Most shared
Google and PayPal partner for mobile shopping by fingerprintGoogle and PayPal partner for mobile shopp...
8937 views comments | 27 tweets | 28 linkedin
Time for data-driven banking to come of ageTime for data-driven banking to come of ag...
8880 views comments | 29 tweets | 35 linkedin
Banks must get on AI bandwagon now – new Finextra researchBanks must get on AI bandwagon now – new F...
8775 views comments | 22 tweets | 31 linkedin
Twins fool HSBC voice biometrics - BBCTwins fool HSBC voice biometrics - BBC
8697 views comments | 21 tweets | 24 linkedin
BBVA brings info and payments to social and messaging networksBBVA brings info and payments to social an...
6577 views comments | 11 tweets | 17 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job