Bitfloor trading suspended | Bitcointalksearch.org

FenixRD

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I am Citizenfive.

Quote from: joesmoe2012 on May 14, 2013, 03:56:20 PM

Quote from: flound1129 on April 29, 2013, 02:01:56 AM

Quote from: whereismymoney13 on April 29, 2013, 01:49:10 AM

Has anyone heard anything besides the 10 day ETA for them to receive a check for our money? I mean if they had their bank account closed, how do they expect to cash this "check"?

I think the idea is they will open a new account with the check.

And then hopefully resume operations. I still miss bit floor!

Self-advertisement (very related): https://bitcointalksearch.org/topic/attn-offering-to-buy-blocks-of-bitfloor-debt-205881

joesmoe2012

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Ching-Chang;Ding-Dong

Quote from: flound1129 on April 29, 2013, 02:01:56 AM

Quote from: whereismymoney13 on April 29, 2013, 01:49:10 AM

Has anyone heard anything besides the 10 day ETA for them to receive a check for our money? I mean if they had their bank account closed, how do they expect to cash this "check"?

I think the idea is they will open a new account with the check.

And then hopefully resume operations. I still miss bit floor!

BitChick

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I just saw this posted on the Bitfloor website:

Quote

2013.05.13

We have received the check and are working on a way to start returning funds. We do not yet have an ETA, but understand everyone is anxious to get their money back and we are trying to make that happen as quickly as possible.

I am hopeful. We have a little cash in there. Wish we would have held onto our BTC and just downloaded them instead of trying to trade them. Oh well. It would be nice if Bitfloor could come back, or someone could buy the trading platform. I really liked Bitfloor so much more than MtGox. It made daytrading actually worthwhile.

dscotese

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I prefer evolution to revolution.

Quote from: True___Blue on May 14, 2013, 06:58:27 AM

Is anyone else still waiting on funds?

Only fiat. I didn't have any bitcoins.

ProfMac

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Quote from: True___Blue on May 14, 2013, 06:58:27 AM

Is anyone else still waiting on funds?

I am.

My bitcoin transferred uneventfully.
My USD is has a payout requested. It showed processing a few days ago.

True___Blue

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Is anyone else still waiting on funds?

flound1129

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www.multipool.us

Quote from: whereismymoney13 on April 29, 2013, 01:49:10 AM

Has anyone heard anything besides the 10 day ETA for them to receive a check for our money? I mean if they had their bank account closed, how do they expect to cash this "check"?

I think the idea is they will open a new account with the check.

whereismymoney13

newbie

Activity: 24

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Has anyone heard anything besides the 10 day ETA for them to receive a check for our money? I mean if they had their bank account closed, how do they expect to cash this "check"?

Dr3AM$cAp3

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Quote from: ProfMac on April 21, 2013, 01:18:08 PM

Quote from: ramus313 on April 18, 2013, 08:03:30 AM

I have my funds in usd on my bitfloor account, I an undergoing the verification process, but that will probably take a week. Bitfloor have yet to respond to any of my emails that I sent them, hopefully I can get my money back, this was my first time dealing with them.

I worked support a few years ago. You might think through what would happen if everyone sends emails to them, how much delay does that cause.

new favorite smart ass. Haven't emailed em yet, wish everyone else would chill out.

flound1129

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www.multipool.us

Quote from: ProfMac on April 21, 2013, 01:18:08 PM

Quote from: ramus313 on April 18, 2013, 08:03:30 AM

I have my funds in usd on my bitfloor account, I an undergoing the verification process, but that will probably take a week. Bitfloor have yet to respond to any of my emails that I sent them, hopefully I can get my money back, this was my first time dealing with them.

I worked support a few years ago. You might think through what would happen if everyone sends emails to them, how much delay does that cause.

Roman responded to 2 of my emails, he's definitely answering them.

ProfMac

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Quote from: Viceroy on April 21, 2013, 01:16:14 PM

how dare you test something rather than blindly speculate... who the hell do you think you are?

Yeah, I even did the test before I put real money into Bitfloor. I guess I'll never fit in here.

ProfMac

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Quote from: ramus313 on April 18, 2013, 08:03:30 AM

I have my funds in usd on my bitfloor account, I an undergoing the verification process, but that will probably take a week. Bitfloor have yet to respond to any of my emails that I sent them, hopefully I can get my money back, this was my first time dealing with them.

I worked support a few years ago. You might think through what would happen if everyone sends emails to them, how much delay does that cause.

Viceroy

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how dare you test something rather than blindly speculate... who the hell do you think you are?

ProfMac

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Quote from: infested999 on April 17, 2013, 07:57:36 PM

Quote from: CalicoChris on April 17, 2013, 07:41:33 PM

Quote from: infested999 on April 17, 2013, 06:57:45 PM

... To withdraw USD you need to have a verified account and they are on backlog up to 3 days before they shut down. By the time everyone gets their money the money will be gone.

They should remove ID requirement and just send all the money through whatever means.

Good heavens ... what does it mean "they are on backlog up to 3 days"?

What they say is normal and common procedure:

ACH (direct deposit)

ACH withdraw is free and takes about 1-3 business days before the funds are available in your bank account. Before you can withdraw funds via ACH you must fill out the form below with the required information. A member of our support staff will review your request and respond once ACH is setup.

There is no backlog and there is no 3 days 'before they shut down'.

Just send all the money through whatever means? What would 'whatever means' be? Paypal? I don't think so.

Bitfloor has been an honest and realistic service in the market for me. They are doing their best to get things back to the owners. Let's just get our facts straight here please.

The price is always $5 to $10 higher on Bitfloor than on other exchanges, that's because it's the easiest exchange to put money on to and the hardest to get money out of. They are the only exchange that has instant local cash deposits but withdrawing money requires government ID.

Why can't they send everyone a USPS money order of their funds?

Have you ever received USD from an exchange without providing identity documents?

ProfMac

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Quote from: infested999 on April 17, 2013, 06:24:30 PM

Quote

BitFloor is ceasing all trading operations and returning client funds. Please see https://bitfloor.com for details.

Everyone who has USD in their account is fucked. THe only withdraw option is direct bank deposit which will never work.

I tested it: I received payment from Bitfloor via ACH a few weeks ago.

Now we return you to our usual program of FUD and paranoia.

Viceroy

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Help! We need a new exchange!

https://bitcointalksearch.org/topic/the-next-mt-gox-mtgox-20-179147
(Please contribute meaningfully)

Abdussamad

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So Bitcoin-24 goes down and now bitfloor too.

Rishodi

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The USD I withdrew from Bitfloor yesterday morning has appeared in my bank account. Total turnaround time was less than 24 hours, but I was already verified and I requested the withdrawal a few hours before trading halted.

ramus313

newbie

Activity: 14

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I have my funds in usd on my bitfloor account, I an undergoing the verification process, but that will probably take a week. Bitfloor have yet to respond to any of my emails that I sent them, hopefully I can get my money back, this was my first time dealing with them.

ezetortuga

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Activity: 11

Merit: 0

I just got my bitcoins back from BitFloor. Took about an hour. No problem. They are honest.

flound1129

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www.multipool.us

Quote from: Rishodi on April 17, 2013, 07:38:32 PM

Quote from: flound1129 on April 17, 2013, 07:28:34 PM

I was able to click "withdraw" and the transaction went through but nothing has shown up on the blockchain yet... Getting worried...

Give it some time. After the hack last year, in which all Bitfloor users' BTC funds were stolen, Bitfloor moved to storing most BTC funds in a cold wallet. Now that everyone is rushing to withdraw their funds, BTC transactions cannot all be processed automatically. The funds have to be manually taken out of the cold wallet first.

transaction just showed up on the blockchain.

dscotese

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Activity: 444

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I prefer evolution to revolution.

Quote from: infested999 on April 17, 2013, 06:41:17 PM

Quote from: ?? on ??

Having met Roman in person and discussing bitfloor matters with him at length some time ago, I do not think it is a scam. But they are now in trouble with banks that is for sure.

BTC withdrawals should be allowed right now. Anyone who has BTC and cannot withdraw it is being stolen from. He will probably mix in the BTC and USD in his account and reimburse everyone 50% of what they had @ 100$/BTC

I withdrew my bitcoins after you posted that without any problem.

infested999

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Activity: 854

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Actually, why can't Bitfloor just make a contract where they transfer all of our account funds to MtGox or BitStamp (and they just make one big transaction to them), so that our money is safe?

joesmoe2012

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Ching-Chang;Ding-Dong

Quote from: ?? on ??

Bitfloor was hacked cause of the admin not having cold storage secured, and if you have money in there, then you are stupid and I can't feel sorry.

Where do you get this information?

I had a few hundred BTC and $10,000+ in USD with bitfloor. That is now all safely at other exchanges or was sent to another exchange and cashed out there.

I thank bitfloor for everything, was a pleasure doing business with you guys, if you ever return sign me up.

p.s. There's about $1.xx leftover in my account that i didn't feel like figuring out how much btc i could buy with. You can feel free to keep that as a donation towards all the time you've spent on this project and now this legal bs.

Good luck to you Roman!

True___Blue

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Activity: 354

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Crap, I was waiting for my Bank Account to be verified so I could withdraw via ACH. I've got a nice hunk of cash at Bitfloor right now Angry

infested999

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Activity: 854

Merit: 500

Quote from: CalicoChris on April 17, 2013, 07:41:33 PM

Good heavens ... what does it mean "they are on backlog up to 3 days"?

Quote

Verification is backlogged

https://twitter.com/bitfloor/status/324614526005813248

infested999

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Activity: 854

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Quote from: CalicoChris on April 17, 2013, 07:41:33 PM

Quote from: infested999 on April 17, 2013, 06:57:45 PM

... To withdraw USD you need to have a verified account and they are on backlog up to 3 days before they shut down. By the time everyone gets their money the money will be gone.

They should remove ID requirement and just send all the money through whatever means.

Good heavens ... what does it mean "they are on backlog up to 3 days"?

What they say is normal and common procedure:

ACH (direct deposit)

ACH withdraw is free and takes about 1-3 business days before the funds are available in your bank account. Before you can withdraw funds via ACH you must fill out the form below with the required information. A member of our support staff will review your request and respond once ACH is setup.

There is no backlog and there is no 3 days 'before they shut down'.

Just send all the money through whatever means? What would 'whatever means' be? Paypal? I don't think so.

Bitfloor has been an honest and realistic service in the market for me. They are doing their best to get things back to the owners. Let's just get our facts straight here please.

The price is always $5 to $10 higher on Bitfloor than on other exchanges, that's because it's the easiest exchange to put money on to and the hardest to get money out of. They are the only exchange that has instant local cash deposits but withdrawing money requires government ID.

Why can't they send everyone a USPS money order of their funds?

CalicoChris

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Activity: 26

Merit: 0

Quote from: infested999 on April 17, 2013, 06:57:45 PM

... To withdraw USD you need to have a verified account and they are on backlog up to 3 days before they shut down. By the time everyone gets their money the money will be gone.

They should remove ID requirement and just send all the money through whatever means.

Good heavens ... what does it mean "they are on backlog up to 3 days"?

What they say is normal and common procedure:

ACH (direct deposit)

ACH withdraw is free and takes about 1-3 business days before the funds are available in your bank account. Before you can withdraw funds via ACH you must fill out the form below with the required information. A member of our support staff will review your request and respond once ACH is setup.

There is no backlog and there is no 3 days 'before they shut down'.

Just send all the money through whatever means? What would 'whatever means' be? Paypal? I don't think so.

Bitfloor has been an honest and realistic service in the market for me. They are doing their best to get things back to the owners. Let's just get our facts straight here please.

Rishodi

member

Activity: 77

Merit: 10

Quote from: flound1129 on April 17, 2013, 07:28:34 PM

I was able to click "withdraw" and the transaction went through but nothing has shown up on the blockchain yet... Getting worried...

Give it some time. After the hack last year, in which all Bitfloor users' BTC funds were stolen, Bitfloor moved to storing most BTC funds in a cold wallet. Now that everyone is rushing to withdraw their funds, BTC transactions cannot all be processed automatically. The funds have to be manually taken out of the cold wallet first.

flound1129

hero member

Activity: 938

Merit: 1000

www.multipool.us

I was able to click "withdraw" and the transaction went through but nothing has shown up on the blockchain yet... Getting worried...

Rishodi

member

Activity: 77

Merit: 10

Well, damn. I just sold some BTC there this morning, which was my first-ever trade on Bitfloor, and afterwards requested an ACH withdrawal all of a few hours before this announcement. I got verified a week or two ago. Nothing to do now but hope that I receive my funds within a couple of days as expected.

infested999

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Activity: 854

Merit: 500

Quote from: toffoo on April 17, 2013, 06:56:10 PM

Any word from the site or elsewhere what is to become of the "on hold" BTCs deposited there before the hack?

BTC can be withdrawn. To withdraw USD you need to have a verified account and they are on backlog up to 3 days before they shut down. By the time everyone gets their money the money will be gone.

They should remove ID requirement and just send all the money through whatever means.

toffoo

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Any word from the site or elsewhere what is to become of the "on hold" BTCs deposited there before the hack?

infested999

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WITHDRAW STILL OPEN!

Only if you click on it throught your account -> withdraw

https://bitfloor.com/user/withdraw

iCEBREAKER

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Crypto is the separation of Power and State.

I just withdrew my coin from Bitfloor. IDK what you guys' problem is. Tongue

Glad I am all-in and only have about one US funbux in cash. Cool

Sorry to see Bitfloor go. Perhaps it will reopen in a jurisdiction less hostile to free markets and voluntary exchange.

New Hampshire is too cold and full of latte liberals. Let's make Panama the new Free State Project!

Minor Miner

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Be A Digital Miner

Quote from: ?? on ??

Having met Roman in person and discussing bitfloor matters with him at length some time ago, I do not think it is a scam. But they are now in trouble with banks that is for sure.

Why do you think they are not allowing people to move their BTC out of their accounts? What "bank" is stopping roman from letting people do that?

infested999

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Activity: 854

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Quote from: ?? on ??

Having met Roman in person and discussing bitfloor matters with him at length some time ago, I do not think it is a scam. But they are now in trouble with banks that is for sure.

BTC withdrawals should be allowed right now. Anyone who has BTC and cannot withdraw it is being stolen from. He will probably mix in the BTC and USD in his account and reimburse everyone 50% of what they had @ 100$/BTC

teek

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Activity: 667

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Quote from: joesmoe2012 on April 17, 2013, 06:34:17 PM

Are people really this dumb?

You exchange to BTC then withdraw the BTC....

who exactly do you think you are buying this BTC from?

(hint: other users who will now have USD)

infested999

hero member

Activity: 854

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Quote from: joesmoe2012 on April 17, 2013, 06:34:17 PM

Are people really this dumb?

You exchange to BTC then withdraw the BTC....

Trading is suspended, so you have buy BTC
Even if you had BTC, you can't withdraw it right now, a big sign that it's a scam

joesmoe2012

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Ching-Chang;Ding-Dong

Are people really this dumb?

You exchange to BTC then withdraw the BTC....

infested999

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Quote from: DeathAndTaxes on April 17, 2013, 06:25:10 PM

Quote from: infested999 on April 17, 2013, 06:24:30 PM

Everyone who has USD in their account is fucked. THe only withdraw option is direct bank deposit which will never work.

Why?

You need to get verified first to get any money out, and they are already on backlog.

Stephen Gornick

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Related threads:

bitfloor issues?
- https://bitcointalksearch.org/topic/bitfloor-issues-179135

bitfloor needs your help!
- https://bitcointalksearch.org/topic/m.1868333

Bitfloor Shutting Down?
- https://bitcointalksearch.org/topic/bitfloor-shutting-down-179152

Bitflloor: " Trading will be suspended at 6 PM EST on 2013.04.17."
- https://bitcointalksearch.org/topic/bitflloor-trading-will-be-suspended-at-6-pm-est-on-20130417-179168

DeathAndTaxes

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Gerald Davis

Quote from: infested999 on April 17, 2013, 06:24:30 PM

Everyone who has USD in their account is fucked. THe only withdraw option is direct bank deposit which will never work.

Why?

infested999

hero member

Activity: 854

Merit: 500

Quote

BitFloor is ceasing all trading operations and returning client funds. Please see https://bitfloor.com for details.

Everyone who has USD in their account is fucked. THe only withdraw option is direct bank deposit which will never work.

infested999

hero member

Activity: 854

Merit: 500

Bitfloor.com:

Quote

All trading is currently suspended.

Twitter @bitfloor:

Quote

Trading will be suspended at 6pm EST tonight (2013.04.17) Please cancel any open orders.

Quote

@RobertPlace: Are funds safe?
@bitfloor yes

Not scheduled maintenance, they announced this only 1 hour earlier.

Topic: Bitfloor trading suspended (Read 9148 times)