Bitcoin exchange BitFloor shuts down, promises to return user funds

Even as the Bitcoin wave continues to rises and fall, there’s more bad news for advocates of the cryptocurrency. Bitcoin exchange BitFloor has announced that it is closing its trading operations and plans to return its remaining funds to its users. The New York-based bitcoin exchange, which was a leading outlet for trading in the digital currency, announced the closure with a note on its homepage. “I am sorry to announce that due to circumstances outside of our control BitFloor must cease all trading operations indefinitely. Unfortunately, our US bank account is scheduled to be closed and we can no longer provide the same level of USD deposits and withdrawals as we have in the past. As such, I have made the decision to halt operations and return all funds.” “Over the next days we will be working with all clients to ensure that everyone receives their funds. Please be patient as we process your request,” founder Roman Shtylman said in the note.

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