Hi everyone,

First, let me say that taking expensive legal action is the last thing I want to do. I want to give Roman and Bitfloor the benefit of the doubt that they're working as hard as possible to return USD funds to affected customers.

However, given the worrying scarcity of communication from Bitfloor about the status of USD balance withdrawals, I'm trying to get organized. If a class action lawsuit becomes the only option for recovering any portion of USD funds owed, someone needs to figure out who has been affected and how much is at stake.

I started a reddit thread to this effect, and as of this morning 102 redditors have reported to me that they're waiting on a total of $337,000. I have collected email addresses from as many of these people as have felt comfortable providing an address, and I am in touch with a few lawyers to figure out what options we all may have if we need to take legal action. I will be providing updates via BCC'ed email to those who have provided me with an address.

http://www.reddit.com/r/Bitcoin/comments/1dqz4v/i_have_pmed_15_other_redditors_with_bitfloor/

If you would like to share your current USD balance owed and your email address, I will add you to my list. You can contact me via PM on reddit or PM me here. The more people respond, the more easily we'll be able to attract a good lawyer, because the potential upside for them from the case will be higher.

Again, legal action is NOT what I want to take. Every bit of that legal expense will eat into the amount we hope to recover. But I want to be prepared if that ends up being our only option.

Good luck to everyone hoping to recover funds.

Edit: Arstechnica piece quotes a Bitfloor spokesman as follows:

Quote

Bitfloor shares its customers' frustration with its bank's delay in providing access to funds currently in Bitfloor's account. Bitfloor has engaged legal counsel to assist in this matter. Through counsel, Bitfloor is in active dialogue with its bank and is taking all reasonable steps to facilitate the return of funds, consistent with Bitfloor's legal obligations.

Bitfloor regrets this delay, thanks its customers for their patience to date, and appeals to its customers to continue to be patient as Bitfloor works diligently to resolve this situation.

Later, the article was amended and identified the spokesman as Bitfloor attorney John Snyder, who wrote in an email statement:

Quote

The bank has not told us why it has delayed making available Bitfloor's U.S. dollar funds, but we are hopeful that this issue will be resolved soon. Bitfloor has sufficient U.S. dollar funds in its accounts to cover all of its customers' U.S. dollar credits on account.