Before the website goes down, Mt.Gox, some of the users reported that, Mt.Gox have disabled all the trading on its sites. On of the user of Mt.Gox have posted a screenshot on the Reddit which shows the trading has been disabled.
After some hours of the Mt.Gox down, another biggest Bitcoin exchange Coinbase have penned a letter in a response to reports of Mt. Gox’s impending insolvency.
Earlier also there was a news that, Mt.Gox was struggling financially, and also suffered from some technical issues. Companies have not yet given any statement nor done any comment on the letter that was posted which was initially titled ‘Joint Statement Regarding the Insolvency of Mt.Gox’ but now reads ‘Joint Statement Regarding MtGox’
Interestingly, a document that it is claimed leaked out of Mt. Gox iscirculating within the Bitcoin community. The contents is not confirmed but it does suggest that 750,000 bitcoins (worth around $375 million using today’s valuation) belonging to the company’s customer base have been lost.
There are also big hints that the company is being acquired:
UPDATES:-
Just a minute ago, Mt.Gox have finally made response for the downtime, as they have posted a message on the site home page which states the following.
Just a minute ago, Mt.Gox have finally made response for the downtime, as they have posted a message on the site home page which states the following.
Dear MtGox
Customers, In the event of recent news reports and the potential repercussions on MtGox's operations and the market, a decision was taken to close all transactions for the time being in order to protect the site and our users. We will be closely monitoring the situation and will react accordingly.
Best regards,
MtGox Team
So they point the reason for the down time is there internal operation, to keep site site and there user in a safe side.
Image source:- TheNextWeb
Image source:- TheNextWeb