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infested999 (OP)
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April 17, 2013, 10:17:57 PM |
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Bitfloor.com: All trading is currently suspended. Twitter @bitfloor: Trading will be suspended at 6pm EST tonight (2013.04.17) Please cancel any open orders. @RobertPlace: Are funds safe?
@bitfloor yes Not scheduled maintenance, they announced this only 1 hour earlier. |
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I HATE TABLES I HATE TABLES I HA(╯°□°）╯︵ ┻━┻ TABLES I HATE TABLES I HATE TABLES
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infested999 (OP)
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April 17, 2013, 10:24:30 PM |
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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. |
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DeathAndTaxes
Donator
Legendary
 Offline
Activity: 1218
Merit: 1079
Gerald Davis
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April 17, 2013, 10:25:10 PM |
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Everyone who has USD in their account is fucked. THe only withdraw option is direct bank deposit which will never work.
Why? |
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Stephen Gornick
Legendary
Offline
Activity: 2506
Merit: 1010
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April 17, 2013, 10:27:57 PM |
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infested999 (OP)
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April 17, 2013, 10:33:37 PM |
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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. |
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joesmoe2012
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April 17, 2013, 10:34:17 PM |
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Are people really this dumb?
You exchange to BTC then withdraw the BTC....
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infested999 (OP)
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April 17, 2013, 10:35:28 PM |
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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
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teek
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April 17, 2013, 10:36:27 PM |
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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) |
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infested999 (OP)
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April 17, 2013, 10:41:17 PM |
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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 |
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Minor Miner
Legendary
Offline
Activity: 2282
Merit: 1012
Be A Digital Miner
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April 17, 2013, 10:44:02 PM |
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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? |
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iCEBREAKER
Legendary
Offline
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
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April 17, 2013, 10:48:51 PM |
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I just withdrew my coin from Bitfloor. IDK what you guys' problem is.  Glad I am all-in and only have about one US funbux in cash.  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!  |
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Monero
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| "The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." David Chaum 1996
"Fungibility provides privacy as a side effect." Adam Back 2014
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toffoo
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April 17, 2013, 10:56:10 PM |
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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?
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infested999 (OP)
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April 17, 2013, 10:57:45 PM |
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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?
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. |
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Rishodi
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April 17, 2013, 11:03:53 PM |
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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.
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Bitrated user: Rishodi.
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flound1129
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April 17, 2013, 11:28:34 PM |
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I was able to click "withdraw" and the transaction went through but nothing has shown up on the blockchain yet... Getting worried...
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Multipool - Always mine the most profitable coin - Scrypt, X11 or SHA-256!
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Rishodi
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April 17, 2013, 11:38:32 PM |
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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. |
Bitrated user: Rishodi.
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CalicoChris
Newbie
Offline
Activity: 26
Merit: 0
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April 17, 2013, 11:41:33 PM |
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... 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. |
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infested999 (OP)
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April 17, 2013, 11:57:36 PM |
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... 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? |
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True___Blue
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April 18, 2013, 12:37:57 AM |
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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  |
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joesmoe2012
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April 18, 2013, 12:43:34 AM |
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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 $1.xx leftover in my account that i didn't feel like figuring out how much btc i could buy with. You can feel free to keep that as a donation towards all the time you've spent on this project and now this legal bs. Good luck to you Roman! |
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infested999 (OP)
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April 18, 2013, 01:29:48 AM |
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Actually, why can't Bitfloor just make a contract where they transfer all of our account funds to MtGox or BitStamp (and they just make one big transaction to them), so that our money is safe?
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dscotese
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April 18, 2013, 01:48:26 AM |
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Having met Roman in person and discussing bitfloor matters with him at length some time ago, I do not think it is a scam. But they are now in trouble with banks that is for sure.
BTC withdrawals should be allowed right now. Anyone who has BTC and cannot withdraw it is being stolen from. He will probably mix in the BTC and USD in his account and reimburse everyone 50% of what they had @ 100$/ BTCI withdrew my bitcoins after you posted that without any problem. |
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flound1129
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April 18, 2013, 02:08:38 AM |
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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. |
Multipool - Always mine the most profitable coin - Scrypt, X11 or SHA-256!
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ezetortuga
Newbie
Offline
Activity: 11
Merit: 0
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April 18, 2013, 05:46:54 AM |
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I just got my bitcoins back from BitFloor. Took about an hour. No problem. They are honest.
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ramus313
Newbie
Offline
Activity: 14
Merit: 0
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April 18, 2013, 12:03:30 PM |
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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.
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Rishodi
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April 18, 2013, 01:26:48 PM |
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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.
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Bitrated user: Rishodi.
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Abdussamad
Legendary
Offline
Activity: 3612
Merit: 1564
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April 18, 2013, 02:22:00 PM |
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So Bitcoin-24 goes down and now bitfloor too.
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ProfMac
Legendary
Offline
Activity: 1246
Merit: 1001
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April 21, 2013, 05:09:22 PM |
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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. |
I try to be respectful and informed.
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ProfMac
Legendary
Offline
Activity: 1246
Merit: 1001
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April 21, 2013, 05:15:20 PM |
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... 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? |
I try to be respectful and informed.
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Viceroy
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April 21, 2013, 05:16:14 PM |
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how dare you test something rather than blindly speculate... who the hell do you think you are?
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ProfMac
Legendary
Offline
Activity: 1246
Merit: 1001
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April 21, 2013, 05:18:08 PM |
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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.
I worked support a few years ago. You might think through what would happen if everyone sends email s to them, how much delay does that cause. |
I try to be respectful and informed.
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ProfMac
Legendary
Offline
Activity: 1246
Merit: 1001
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April 21, 2013, 05:21:56 PM |
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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. |
I try to be respectful and informed.
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flound1129
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April 21, 2013, 07:16:12 PM |
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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.
I worked support a few years ago. You might think through what would happen if everyone sends email s to them, how much delay does that cause. Roman responded to 2 of my emails, he's definitely answering them. |
Multipool - Always mine the most profitable coin - Scrypt, X11 or SHA-256!
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Dr3AM$cAp3
Member
Offline
Activity: 80
Merit: 10
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April 22, 2013, 12:02:46 AM |
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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.
I worked support a few years ago. You might think through what would happen if everyone sends email s to them, how much delay does that cause. new favorite smart ass. Haven't emailed em yet, wish everyone else would chill out. |
New to the game, too much to learn.
Smiley OD, sarcasm implied.
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whereismymoney13
Newbie
Offline
Activity: 24
Merit: 0
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April 29, 2013, 05:49:10 AM |
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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"?
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flound1129
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April 29, 2013, 06:01:56 AM |
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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"?
I think the idea is they will open a new account with the check. |
Multipool - Always mine the most profitable coin - Scrypt, X11 or SHA-256!
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True___Blue
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May 14, 2013, 10:58:27 AM |
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Is anyone else still waiting on funds?
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ProfMac
Legendary
Offline
Activity: 1246
Merit: 1001
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May 14, 2013, 01:10:23 PM
Last edit: May 14, 2013, 05:15:40 PM by ProfMac |
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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. |
I try to be respectful and informed.
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dscotese
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May 14, 2013, 04:54:58 PM |
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Is anyone else still waiting on funds?
Only fiat. I didn't have any bitcoins. |
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BitChick
Legendary
Offline
Activity: 1148
Merit: 1001
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May 14, 2013, 07:17:41 PM |
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I just saw this posted on the Bitfloor website: 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. |
1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
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joesmoe2012
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May 14, 2013, 07:56:20 PM |
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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"?
I think the idea is they will open a new account with the check. And then hopefully resume operations. I still miss bit floor! |
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FenixRD
Sr. Member
Offline
Activity: 364
Merit: 250
I am Citizenfive.
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May 15, 2013, 09:39:55 AM |
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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"?
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://bitcointalk.org/index.php?topic=205881.0 |
Uberlurker. Been here since the Finney transaction. Please consider this before replying; there is a good chance I've heard it before.
-Citizenfive
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