Largest U.S. Bitcoin Exchange Shuts Down

Bitfloor, the largest Bitcoin exchange in the U.S., has shut its doorsBitfloor said it would cease trading operations and return the remaining funds to users

This is not the first time Bitfloor suspended operations. It temporarily shut down in September 2012 after the theft of 24,000 BTC — nearly all the funds Bitfloor was holding at the time. This time, however, Bitfloor says the reason for the permanent shutdown is a problem with its U.S. bank account

"I am sorry to announce that due to circumstances outside of our control BitFloor must cease all trading operations indefinitely. Unfortunately, our U.S. 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," wrote Bitfloor founder Roman Shtylman on the Bitfloor website. Read more...