After $250,000 theft, Bitcoin exchange Bitfloor reopens

Bitfloor Reopens After $250,000 Theft

thenextweb.com 28 Sep '12, 3am

After $250,000 theft, Bitcoin exchange Bitfloor reopens

Early in the month, we reported that the top US Bitcoin exchange, Bitfloor, had a security breach that resulted in a theft of Bitcoins worth $250,000 . At the time it was very much up in the air as to whether Bitfloor would be able to resume operation, but today it has announced that it is back in business. Founder and operator Roman Shtylman took to Google+ to make the announcement, although the pre-theft funds are still frozen. New deposits will be accessible as normal. “As funds are available for repayment, they will be dispersed on a pro-rated basis,” said Shtylman. “Bitcoin funds for repayment will be purchased using revenue from fees. This will ensure that as Bitfloor grows I am able to continue operation to recover the stolen funds over time.” Bitfloor is also pursuing investment opportunities to recover funds for its customers more quickly. Shtylman has made a numb...

Full article: http://thenextweb.com/insider/2012/09/28/after-250000-the...

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