Quote from: xenigma on April 19, 2013, 01:07:42 AM

I'm practically in tears.

I don't have a US bank account and had funds on bitfloor because I figured since it was easily accessible for US users, that it would be a good place to operate. Sure, trading from one side and allowing a balance to build up in USD was my choice, and my responsibility, but the fact that I can't withdraw in BTC means I will have to request an international wire transfer, which I believe is expensive.

The fact of the matter is that if their twitter post is accurate, they're dealing with international users after US users. They're locking me out of accessing my funds for I'm guessing a minimum of two weeks (1 week for account verification and another for the wire transfer).

If it takes any more time than that, I might not be able to make my rent payments. My last exchange was at ~80 USD per coin. I was never informed that the exchange would be closing. I was never informed that in case of issues related to the finances of the exchange or in case it shuts down, that USD would be the only means of recovering deposits.

I can't even find anyone to take over the account. I feel like I've lost complete control of my life. My worth has been taken from me. I have no options. And why? Because the exchange's bank account is being closed? If that is the reason, the only option is to provide participants the opportunity to transition out or away from the market. Turning away new members or not accepting USD deposits are acceptable means by which the issue could have been addressed. If necessary (that is, if the exchange rate got too uneven), you could even work with vendors or another exchange to transfer balances or supply coins at market rate (last trade +5% from gox) until volume traded dwindled and the exchange could shut down.

This could have happened over a 2 week period, or a 1 week period, but instead it was forced. In a single day (twitter posts providing customer support before the announcement) The ground that hundreds of people stood on was shaken and fractured. Forced to the ground, I'm not sure I could stand. Even worse, I'm not entirely sure that I want to.

1) You should not have invested more that you could have afforded to lose.

2) An international wire transfer will probably cost you at most, $50.

Fiery Winds

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