Post
Topic
Board Service Announcements
Re: bitfloor needs your help!
by
Stephen Gornick
on 04/09/2012, 20:10:53 UTC
I have put the website back online for users who have USD to request a withdrawal via ACH. If you choose to leave your USD funds in the account they will be available for trading once it resumes. I hope to resume trading later in the week.

If you had outstanding orders they have all been cancelled.

Once trading resumes, I hope to be able to start repaying BTC losses using the proceeds from fees. More information about this will be provided later.

Who will cooperate in filing an injunction?

Unless an injunction is filed, there is about a quarter million USD worth of customer funds from BTC balances that are going to disappear as Roman is out of the country and he has announced plans to process USD withdrawals.  i.e., those USDs are going to be leaving the BitFloor bank accounts very soon unless action is taken.

At least with an injunction, cents on the dollar (at the same level as USD depositors get) would be returned on those BTC balances.

Personally I don't have enough bitcoins with BitFloor to warrant me pursuing this myself.  

I would be surprised that nobody else cares though.