17 Feb '14, 12pm

Mt. Gox will resume withdrawals ‘soon’ after creating fix to track modified Bitcoin transactions

Bitcoin exchange Mt. Gox hopes to resume withdrawals “soon” after developing a fix for a vulnerability that allowed users to alter transaction details and make it seem like a payment was never completed. Mt. Gox suspended withdrawals on February 7 , before explaining the “transaction malleability” to its users only a few days later . The loophole affects the virtual currency for other payment processor too – Bitstamp, the largest Bitcoin exchange – reinstated withdrawals last week after it was forced to implement a similar suspension. In a statement , Mt. Gox said the workaround will use a “unique identifier” developed by the team at blockchain.info to show whether a transaction has been modified or not. The worry is that this would create a loophole where the payment was sent a second time, incorrectly. “With this new system in place, Mt. Gox should be able to resume with...

Full article: http://thenextweb.com/insider/2014/02/17/mt-gox-will-resu...

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Mt. Gox: Bitcoin Withdrawals Will Resume Soon

Mt. Gox: Bitcoin Withdrawals Will Resume Soon

coindesk.com 17 Feb '14, 11am

Mt. Gox has issued an official statement saying it has found a workaround for its bitcoin transaction malleability problem...

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businessinsider.com 17 Feb '14, 2pm

In somewhat good news, Bitcoin exchange MtGox has announced that users will soon be able to make withdrawals again. "We ap...

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