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Mt. Gox

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Original author: 
Aaron Souppouris

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The asset freeze at Mt. Gox was due to the Bitcoin exchange's failure to obey financial regulations as required by US authorities. The news comes via IDG, which obtained a copy of the seizure order from the US Immigration and Customs Enforcement (ICE).

The agency froze the Dwolla (a US-based online payments system) account of Mutum Sigillium (aka Mt. Gox) on the grounds that it had lied in an official form. When asked if his company "[accepts] funds from customers and send[s] the funds based on customers' instructions," Mt. Gox CEO Mark Karpeles answered "no." When asked if Mt. Gox "deal[s] in or exchange[s] currency" for its customers," Karpeles again answered "no." In both cases, it seems likely — and ICE asserts — that these...

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