Bitcoin exchange Bitfloor closes down

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Bitcoin exchange Bitfloor has been forced to indefinitely cease its operations after receiving news that its US banks account is being shut down.

In a statement on the New York-based company’s website, founder Roman Shtylman said: “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.”

Although the Bitfloor exchange is a relatively small operation – it traded just over 159,000 bitcoins in the past month –  Shtylman insists they will work to make sure all users receive their money back.

Just last September the platform was forced to temporarily shut down following a heist in which hackers made off with USD250,000 in Bitcoin currency. 24,000 coins were stolen as a result of access to unencrypted back up of the wallet keys used to transfer money.   

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