According to a post on the Second Life news center on Reuters website, Ginko Financials stopped allowing people to withdraw their lindens, causing concern among its customers about whether the bank has their funds should they want to withdraw them. Ginko then reopened the withdrawals, but capped it at L$5,000 when it had been L$300,000 previously.

Second Life bank Ginko Financial briefly suspended withdrawals on Friday before reinstating them with a limit of only L$5,000 per day, fueling concerns that the bank did not have sufficient funds if its customers attempt to flee en masse.

“We are aware of the withdrawal issues and are doing everything in our power to correct them,” the bank said in a statement on its website at 05:42 am EDT.

As with real world banks, Ginko only keeps a small percentage of its customers’ deposits on-hand at any given time, but unlike real world banks Ginko’s minimum reserves are not set or monitored by a financial regulator. Last year Portocarrero told Reuters that Ginko keeps about 5 percent of total deposits on hand.

According to the bank’s site, it has more than 18,000 accounts holding a total of L$192,275,403. Source: Ginko Financial under fire, caps withdrawals

It was unclear whether the ban on gambling caused any of this, as casino owners are trying to get some of the money they rightly feel that they wasted, especially if they were investing everything they were making back into the casino. In an article at Informationweek, one casino owner had been in contact with the Lindens to see what the impact of the FBI investigation would be and they told him as long as they operated according to local state laws. Then they slammed the door on them.

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