Quote from: Razick on May 29, 2013, 02:15:18 AM

Quote from: crazy_rabbit on May 28, 2013, 10:33:13 PM

Quote from: Razick on May 28, 2013, 01:46:47 PM

Bitfloor needs to have its ass sued off. In addition to supposedly having the money now but "working on a way to return it" for weeks, they are refusing to convert to BTC even if the customer deposited via BTC.

Why would you convert to BTC if you deposited in BTC?

It was before the crash and I wanted to temporarily sell in order to avoid losses.

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Besides that how would he convert the money to BTC if the exchange is closed so there are no matching orders? Surely you'r not suggesting he send all the FIAT to MtGOX with Dwolla and buy BTC? :-)

If that's what it takes, yes. He claims to be enjoying all his free time, good for him, but in case he didn't notice, he's holding $100Ks that is not his.

In theory it's a good idea, but it would be impossible to do. It would be more or less illegal for him to do that as we seem to understand money laundering regulations now. Unfortunately, and I sincerely mean unfortunately, I think you will either need to wait for him to make things right or you will have to take him to court.

I saw him at the conference and we had a chance to talk a bit. He seems like he is honestly working on resolving things but that it just takes time. Remember he can't really act until the bank gets around to working with him on it in one way or another, AND there are the FinCEN regulatory issues that have now reared their head big time. The government and banks don't have a reputation of working quickly for a resolution. I wouldn't be surprised if you have to adjust your expectations to corporation-long timelines. Could be months.