Bitcoin Exchange Mt. Gox Hit By Dwolla Access Revocation by DHS

Posted by at 10:51 am on May 15, 2013

3b5c95409bb0f0836af3d1d6407e8cb725c0249a_largeAccording 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.”

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