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February 7, 2014Crises & controversyFailures & lossesdocumented

Mt. Gox halts bitcoin withdrawals

Mt. Gox suspended bitcoin withdrawals while citing technical problems and transaction malleability.

Customers had already reported long delays in withdrawing funds, and the suspension intensified fears about the exchange’s solvency. Other developers disputed Mt. Gox’s implication that the underlying protocol flaw alone explained its losses.