EddieJayonCrypto

 26 Jul 24

tl;dr

Mt. Gox Bitcoin (BTC) creditors are facing difficulties withdrawing their assets from Bitstamp crypto exchange, leading to frustrations and allegations of coins being "held hostage." Bitstamp requires a video call with customer support for withdrawals, causing delays and prompting criticism. While s...

Bitstamp and Mt. Gox Bitcoin Withdrawal Controversy

Bitstamp restricts Mt. Gox Bitcoin withdrawal, prompting user frustration. Bitstamp imposes arduous verification process for Mt. Gox Bitcoin withdrawal, which leads to impatience and skepticism among users.

Bitstamp provides an update allowing access to Mt. Gox creditors' assets after security checks. Contrasting experiences with Kraken's disbursement process emerge.

Mt. Gox Bitcoin (BTC) creditors have faced difficulties withdrawing their assets from Bitstamp crypto exchange, with frustrations and allegations of coins being "held hostage." Users express impatience and skepticism over Bitstamp's withdrawal process. While some defend Bitstamp's security measures and contractual processing period, others criticize the delays.

One user detailed their struggle, expressing frustration over being unable to withdraw their coins despite being verified with Bitstamp. Another user provided a different perspective, emphasizing the contractual processing period and the need for security measures

Bitstamp later allowed access to the assets after completing security checks, but users remain skeptical. In contrast, Kraken received praise for its smooth disbursement process but also faced backlash for allegedly failing to disburse Mt. Gox Bitcoin to some creditors.

Bitstamp issues an official response and completes disbursement of BTC and BCH assets to its users, but users express frustration over the delay caused by security checks. Meanwhile, Kraken faced criticism for failing to disburse Mt. Gox Bitcoin to certain creditors and not following up with emails.

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