Bitcoin exchange Bitfloor begins refunding US dollars to users
, the bitcoin exchange which closed in April, has begun to enable customer withdrawals. It announced, via Twitter, that instructions had been posted to its website. As users log in, they will find instructions on recovering their funds on the withdraw page.
We reported on the closure in April, when it had come to light that Bitfloor's US bank account had been closed. Its bank issued a check for the balance of the account, which left the company with the task of setting up a new account and dealing with distributing the funds back to all of its users.
The front page of Bitfloor now reads:
2013.07.06
We are pleased to announce that we are ready to start returning USD funds. Please follow the instructions on the withdraw page.
If your account balance is over 3000 USD, you must first open an account with IAFCU and then provide your IAFCU account number.
The transaction fee for the Internet Credit Union (IAFCU) is $2.50, a small amount against $3,000 or more.
USD refund instructions have been posted to https://t.co/p9IwJRHWBW Please login and fill our the required information for your refund.
— bitfloor (@bitfloor) July 6, 2013
Reddit user Audenx, posted a detailed guide on how to set up an account with the IAFCU. Audenx has stated that he has received numerous bug reports from other users, but advises that users give Bitfloor "one more week":
If you are trying to recover funds from Bitfloor, please share your experiences with us in the comments.
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