BITCOIN trading exchange BitFloor has halted trading indefinitely and is promising to return everyone's money.

The price of the virtual currency has been fluctuating wildly over the last few weeks announced on its website that it must "cease all trading operations indefinitely...due to circumstances beyond its control".

The announcement comes after weeks of denial of service attacks and technical problems that led to severe price fluctuations.

"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," wrote BitFloor founder Roman Shtylman.

"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."



