Redditor Demands 17 Awnsers in Person from MtGox Employees Including Kraples

Redditor CoinSearcher has a very interesting piece on flying from Audtrailia to Japan to get awnsers straigt from the source on the whole MtGox ordeal.  He lists a very interesting set of questions he asked directly of some Gox big wigs.  Some of the more interesting poinst were…

Q1. What is causing the withdrawal delays?

  A: Well, because Gox is the best known of all the exchanges, we have been under the regulatory spotlight.  This has created problems with government agencies, and also with our banking partners.  There are also some ongoing investigations, which we cannot talk about.

Q.2 Sure, and this would explain the FIAT delays, but what about the BTC delays; you can’t blame that on anyone else.

  A: The BTC withdrawal issue is a technical one, and one that has previously affected the MtGox system, our engineers are working hard to resolve the problem.  As of now, some BTC withdrawals were going through  For those transactions that remain broken for a week, the balance of BTC will be returned to a customers MtGox account.

Q3. A great way to buy time for a liquidity problem?

• No, it’s a technical issue.

Q4. So why are so many of the input addresses feeding into transactions in the queue coming up empty?

  A: This is a complex technical issue to which neither of us know the answer

Q5. Try to explain it to me.

  A: Its technical

Q6. There are over 40,000 BTC in the withdrawal queue, isn’t that the electronic equivalent of a bank run?

• The 40,000 figure is not correct, and the goxreport isn’t accurate.

Q.7 But I actually obtained this data from Delerium’s website who is a gox employee / contractor / associate.

  A:  I will have to look into that.

Q8. Why doesn’t Gox prove they are solvent by transferring a large quantity of BTC between two internal wallets like Mark previously did. Then we can all check it out on the blockchain and be reassured?

  A: The overwhelming majority of BTC are held in cold storage. Logistically and legally in would be difficult to replicate the transfer “trick” Mark previously employed at Gox to prove their solvency.

Q9. Try me, how hard is it, what exactly is involved?

  A: Obviously I can’t go into too much detail for security reasons, but it would involve physically obtaining them from 6 or more locations.

Q10. Well, why don’t u do it, isn’t this a critical situation?

  A: It’s not that straight foreword.

Lots of other interesting information from the trip available @ Reddit.com