Mt. Gox Works to Fix Bitcoin-Related Tech Problems

Exchange says users can withdraw cash again


Bitcoin exchange Mt. Gox said customers can take out cash "as normal" and it's working to resolve technical issues that prompted it to halt withdrawals of the digital currency.

"It's not about cash at all, only about Bitcoin," Michael Keferl, a communications officer for Tokyo-based Mt. Gox, said in an interview today. "There is a problem in the way transactions are verified."

Bitcoin prices fell on Feb. 7 after Mt. Gox said it stopped withdrawals because of the malfunction. The company released a statement today explaining the technical issues and saying it will resume Bitcoin withdrawals once they are addressed.