Share this article
Mt. Gox Announces Downtime for Bitcoin Deposits
Mt. Gox is currently performing system maintenance to prepare for implementation and testing of a new bitcoin transaction system.
Updated Apr 10, 2024, 3:01 a.m. Published Feb 15, 2014, 11:15 a.m.
Mt. Gox has stopped bitcoin deposits and all internal bitcoin transfers for a short site maintenance update, roughly from 6pm to 12am Japan time on 15th February.
According to a notice posted on Gox's News page, the downtime is part of its implementation of a solution to the 'transaction malleability' issue that has seen the exchange halt all external bitcoin withdrawals and face criticism from some sectors of the bitcoin economy.
STORY CONTINUES BELOW
The downtime probably won't affect too many users. With Mt. Gox's bitcoin price now hovering around the $342 mark (at least $300 below the CoinDesk BPI) and the exact situation regarding bitcoin withdrawals still unknown, it's not very likely people are trying to move coins into the exchange right now. Internal transfers can probably also wait a short while.
The announcement continued that the 6-hour timeframe was approximate only, and could be shortened or lengthened if required. It also said the new system would need to have "extensive testing" before bitcoin withdrawals could begin again, and that a further update would be published on Monday (17th February).
It also mentioned that other exchanges have taken their own steps to address the transaction malleability issue, which CEO Mark Karpeles claims is a serious flaw in the bitcoin protocol. The issue was first noticed in 2011 but was not considered a high priority by bitcoin's core developers - at least until Mt. Gox's current problems began.
"BlockChain.info have implemented changes to address the malleability issue. Our solution should work in the short term, while a longer-term solution is being discussed with the Bitcoin Core Dev team and the Bitcoin Foundation. We are also discussing this with other exchanges and businesses."
Other exchanges have posted statements saying they are not affected by transaction malleability, though Bitstamp, one of the world's most popular exchanges, also briefly halted bitcoin withdrawals after a "massive and concerted" DDoS attack affected it and numerous others. It has since resumed regular operations.
Image: Mt. Gox logo
More For You
알아야 할 것:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Asia Morning Briefing: Fed Cut Brings Little Volatility as Bitcoin Waits for Japan
CryptoQuant data shows seller exhaustion as whales pull back from exchanges, while traders prepare for a closely watched BOJ meeting that could influence global liquidity.
What to know:
- Bitcoin remains stable above $91,000 as the Federal Reserve cuts rates by 25 basis points.
- Market attention shifts to Japan, where a rate hike is expected at the upcoming Bank of Japan meeting.
- Gold prices rise following the Fed's rate cut, while silver hits a record due to strong demand and tight supply.
Top Stories
