Forced to shut down BitFloor, Shtylman said he has initiated account repayment using funds on hand based on his record books,
The latest on that:
Please note that I have taken the website offline. I am consulting legal council about the current situation and will post once I have more details. I want to make sure the matter is handled appropriately given the financial situation the exchange is currently in.
I believe the situation changes once you are insolvent due to liabilities, particularly when they are customer funds. Getting legal counsel on the matter before returning funds is the correct course of action.