Wednesday, May 15, 2013

Bitcoin: "Department of Homeland Security Shuts Down Dwolla Payments to and From Mt. Gox"

From BetaBeat:
The DHS issued a "seizure warrant" for the funds associated with Mt. Gox's Dwolla account.

The Department of Homeland Security appears to have shut down the ability to use Dwolla, a mobile payment service, to withdraw and deposit money into Mt. Gox, a Bitcoin trading platform. A Dwolla representative confirmed the move to Betabeat. Chris Coyne, cofounder of OKCupid, posted a screenshot of an email he received from Dwolla, stating that due to recent orders from the Department of Homeland Security, Dwolla cannot complete the bank transfer to Mt. Gox.

A representative for Dwolla told Betabeat that the company is “not party” to this matter and encourages those with questions to reach out to Mt. Gox or the DHS....MORE