Troubled Bitcoin exchange Mt. Gox apologized Monday for suspending withdrawals and promised to resume withdrawals soon.
The Tokyo-based exchange announced on February 7 that it was suspending all Bitcoin withdrawal requests, citing a glitch in the way the currency handles transactions paid out to digital wallets held by third parties. Working with Bitcoin wallet service Blockchain.info, Mt. Gox said it had developed a workaround for the "transaction malleability" that uses a unique identifier to indicate whether a transaction had been modified.
"With this new system in place, Mt. Gox should be able to resume withdrawals soon,&… Read more