Silk Road forums
Discussion => Newbie discussion => Topic started by: NorCalChronic on May 14, 2013, 09:19 pm
-
I got this email this morning:
As of 12:13 PM on 5/14/2013:
You’re receiving this notice because our systems have indicated that you’ve processed and completed a real-time Dwolla-to-Dwolla payment to Mutum Sigillum LLC (“Mt. Gox”) within the last 24 hours.
Due to recent court orders received from the Department of Homeland Security and U.S. District Court for the District of Maryland, Dwolla is no longer legally able to service Mutum Sigillum LLC’s account.
This is a courtesy email encouraging you to follow up on any uncompleted orders with Mutum Sigillum LLC as Dwolla is now unable to move money to and from Mutum Sigillum LLC’s Dwolla account.
Dwolla is not party to this matter nor does it have any information or further insight into the situation. We strongly encourages those with questions to contact Mutum Sigillum LLC
Note: Dwolla requires a court order before honoring requests such as seizing funds or revoking access to an account.
On behalf of Dwolla, we apologize for this inconvenience.
Does anybody have any insight to what this may lead to??
-
Does anybody have any insight to what this may lead to??
Well, it lead to a 10% instant drop in bitcoin the second this news hit the wire.
Long term, it means the government is starting to take a more active role in rooting out the bitcoin disease. Expect dollar-based transactions in bitcoin to get increasingly difficult with each new round of government intervention.
-
Well, it lead to a 10% instant drop in bitcoin the second this news hit the wire.
I'd be very surprised if something like this got large media attention. Business like this getting shut down doesnt seem like a big factor in BTC prices. Certainly no attention like that following the BTC crash.
I've never used Dwolla so I can't be too confident about their system, but it definitely sounds like they're cooperating with LE. I'm sure it is hard for those BTC businesses/exchanges who are legitimate in nature to resist LE if they're looking for illicit activity. Can't really blame them, but its still sucks for us.
Anyone know of a list of such businesses who are known to cooperate with LE? I wouldn't be to worried about your safety, but it sounds like Mutum Sigillum LLC (whoever they are?) has been flagged similar to how bitcopia and bitfloor's cash deposit accounts were frozen last month.
-
BTC has been getting an awful lot of media attention lately. I am surprised the Feds haven't intervened in this manner before if this is true (under the guise of homeland security breach, money laundering, tax evasion, etc.). It is going to get more and more difficult to buy btc.
-
I was using them alot and it was going great. Now it's going to be a hassle moving things around.