Bitcoin Prices Rebound Slightly on Mtgox as Exchange Issues Statement

Bitcoin prices rebounded slightly on the troubled exchange MtGox after the company issued a statement on bitcoin withdrawals earlier in the day. In it, MtGox set a two day period for testing withdrawals followed by an update on the situation on Monday:
‘’In order to implement our solution to the “transaction malleability” issue being faced by bitcoin exchanges and businesses, we are going to have a 6-hour downtime on all bitcoin deposits and internal bitcoin transfers in addition to the current pause on bitcoin withdrawals. Trading will otherwise still be open as usual. Once the implementation is complete customers will again be able to deposit bitcoin, but we will be doing extensive testing before bitcoin withdrawals are reactivated. We will publish an update on the situation on Monday.’’
The 6 hour window ended as of 15:15 GMT, according to MtGox support staff on IRC. At the time this article was being written (16:00 GMT) there has been no further update on the situation from MtGox. BTC/USD is currently trading at $388 on Gox, up from 310 earlier in the day. This is still a massive 263 dollars below the $641 quote at BitStamp.