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DHS Shuts Down Dwolla Payments To and From Mt. Gox

Posted by Soulskill on from the plot-thickens dept.

An anonymous reader sends this excerpt from BetaBeat: "The Department of Homeland Security appears to have shut down the ability to use Dwolla, a mobile payment service, to withdraw and deposit money into Mt. Gox, a Bitcoin trading platform. ... A representative for Dwolla told Betabeat that the company is 'not party' to this matter and encourages those with questions to reach out to Mt. Gox or the DHS. 'The Department of Homeland Security and U.S. District Court for the District of Maryland issued a 'Seizure Warrant' for the funds associated with Mutum Sigillium's Dwolla account (a.k.a. Mt. Gox),' he said. 'In light of the court order, procured by the Department of Homeland Security, Dwolla has ceased all account activities associated with Dwolla services for Mutum Sigillum while Dwolla's holding partner transferred Mutum Sigillium's balance, per the warrant.'"

2 of 302 comments (clear)

  1. Any bets on whether its a tax issue? by LordLimecat · · Score: 4, Interesting

    A warrant from the district court of Maryland, does anyone know whether thats likely to be a state tax issue? If it were truly a federal concern, youd think the warrant would come from a federal court....

    Can any lawyers comment?

  2. Funny Money by M.+Baranczak · · Score: 5, Interesting

    There's no such thing as innate value. Value is context-dependent. All money is funny money. It's just a question of what brand of humor you prefer.

    The US Dollar is like Jay Leno. Dull and unimaginative, but shows up for work on time every night.

    Bitcoin is like Richard Pryor. Offensive, unstable, unpredictable, implicated in tax-evasion, and prone to setting itself on fire.