It was hard enough for them to try to restart their business with a huge debt hanging over their heads that they were promising to repay with their profits.
Was it them who tried hide losses/gamble with client funds ? I remember distinctly one exchange doing that, and I figured that was the end of trust for that exchange..
Topic: Bitfloor shutting down - page 2. (Read 4880 times)
Bank of America is probably shutting down his account when they learned he was using it for bitcoin business.
I doubt Bank of America gives a fuck about Bitcoin. It's more likely the account was closed either because Bitfloor wasn't solvent or AML requirements became a headache. What Bitcoin needs is a strong financial player willing to build and support a professional infrastructure so people can buy bitcoins fast, safe and easy.
Bank of America is probably shutting down his account when they learned he was using it for bitcoin business.
It was hard enough for them to try to restart their business with a huge debt hanging over their heads that they were promising to repay with their profits.
Was it them who tried hide losses/gamble with client funds ? I remember distinctly one exchange doing that, and I figured that was the end of trust for that exchange..
It was hard enough for them to try to restart their business with a huge debt hanging over their heads that they were promising to repay with their profits.
An early company needs to be able to put their profit into the business for a while.
I liked BitFloor, they allowed for easy deposit through ING and paid you to exchange your funds. The only reason I did not sign up is knowing that they were in the hole and would likely never be able to make it.
It sucks since they really support Bitcoin and were trying to do the right thing by paying people back after the hack.
An early company needs to be able to put their profit into the business for a while.
I liked BitFloor, they allowed for easy deposit through ING and paid you to exchange your funds. The only reason I did not sign up is knowing that they were in the hole and would likely never be able to make it.
It sucks since they really support Bitcoin and were trying to do the right thing by paying people back after the hack.
They got goxxxed?
Isn't this the 2nd time they've shut down?
Does anyone have any more info concerning this?
No, but the writing have been on the wall for a long time. It's incredible that people don't see this. I've warned about this a long time ago. It's just common sense, there's been too much fuckups, eventually the fuckups accumulate and it all goes kaboom.
maybe mt gox bought them out so they can be the only game in town?
I just went to the Bitfloor website and there is this message:
I am sorry to announce that due to circumstances outside of our control BitFloor must cease all trading operations indefinitely. Unfortunately, our US bank account is scheduled to be closed and we can no longer provide the same level of USD deposits and withdrawals as we have in the past. As such, I have made the decision to halt operations and return all funds.
Over the next days we will be working with all clients to ensure that everyone receives their funds. Please be patient as we process your request.
- Roman
founder - bitfloor.com
Does anyone have any more info concerning this?
I am sorry to announce that due to circumstances outside of our control BitFloor must cease all trading operations indefinitely. Unfortunately, our US bank account is scheduled to be closed and we can no longer provide the same level of USD deposits and withdrawals as we have in the past. As such, I have made the decision to halt operations and return all funds.
Over the next days we will be working with all clients to ensure that everyone receives their funds. Please be patient as we process your request.
- Roman
founder - bitfloor.com
Does anyone have any more info concerning this?
Jump to: