Bitcoin exchange Bitfloor begins refunding US dollars to users
Bitfloor, the bitcoin exchange which closed in April, has begun to enable customer withdrawals. It announced, via Twitter, that instructions had been posted to its website. As users log in, they will find instructions on recovering their funds on the withdraw page. We reported on the closure in April, when it had come to light that Bitfloor's US bank account had been closed. Its bank issued a check for the balance of the account, which left the company with the task of setting up a new account and dealing with distributing the funds back to all of its users. The front page of Bitfloor now....
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The fourth largest Bitcoin exchange in the world, BitFloor, has announced that it is closing its doors, and will soon be refunding deposits to customers. The announcement has nothing to do with recent technical problems that all exchanges have been facing for the past week to due the sudden massive increase in trade volume; rather, the root cause behind the shutdown is the closure of BitFloor's US bank account. Founder Roman Shtylman writes: I am sorry to announce that due to circumstances outside of our control BitFloor must cease all trading operations indefinitely. Unfortunately, our US....
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Mihai Alisie (left) conducting an interview with Roman Shtylman (right), the founder of Bitfloor, to be published in an upcoming article. Bitfloor, a New York based Bitcoin exchange, is now back up and running after a thief stole $250,000 worth of Bitcoins[1]from a backup on one of its servers. Roman Shtylman, the founder and operator of Bitfloor, wrote a blog post[2]promising that he is still working to return users Bitcoin funds, but that it was important to get the exchange back up and running quickly so as to not erode confidence in the continuation of the exchange any further.....