06 May '13, 6pm

Weeks after shutdown, Bitcoin exchange customers still wait for refunds

Weeks after shutdown, Bitcoin exchange customers still wait for refunds

More than two weeks after the Bitcoin exchange Bitfloor closed its virtual doors , many customers are still waiting to get their money back. One tally of 78 Bitfloor users on reddit found that Bitfloor owed them $267,000. The number might be much higher once all users are accounted for. In an e-mailed statement, Bitfloor's attorney blamed the delay on a dispute with the firm's bank. Last month's Bitfloor shutdown ended a difficult year for the Bitcoin exchange, which had been the fourth most popular forum for trading Bitcoins for dollars. Hackers allegedly stole $250,000 from the exchange in September 2012. Bitfloor founder Roman Shtylman re-opened the exchange later that month in an ultimately unsuccessful effort to earn back the lost cash. Now some users are wondering if they'll lose even more. "I'm fully aware of how risky purchasing and holding Bitcoin is," one Bitfloo...

Full article: http://arstechnica.com/tech-policy/2013/05/weeks-after-sh...

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