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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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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: 2268
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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