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June 20, 2011 / twobitcents

MtGox Outage Hits Day Two

Just an update that Japanese exchange website MtGox, the largest Bitcoin exchange website, is still down after their security issues started yesterday and crashed their exchange market. While not able to meet their original 2 AM deadline they have responded with this:

We have almost completed the account recovery page and are waiting for result to unit tests and intrusion tests (and more than anything, don’t want to put something online and go to sleep just after, best way to get screwed), so the page will be put online tomorrow morning.

It will allow every user to claim ownership of their account based on proof such as deposits, withdraws, password (if complex enough), email or notarized documentation.

Once it is deemed enough users had the chance to get their account back, the exchange will be open again (opening time will be announced at least 24 hours in advance). It will still be possible to file claims for user accounts after this.

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