<MagicalTux> we will continue processing withdrawals next week, but limit to 1 million USD per day
Congrats to everyone who took a ~10% loss betting against MtGox's solvency.
Congrats to everyone who took a ~10% loss betting against MtGox's solvency.

This statement screams cash flow issues.
Why limit to $1milliion USD per day ? and not like 100 wires per day? if they are having issues with overload of request,they should limit the request and not the amount.
Because that's the limit imposed by their bank maybe?
Ask yourself this : Why Gox can't send 2 wires of USD 1 million each per day?