Bitcoin exchange Buttercoin shuts down due to lack of funding

Bitcoin exchange Buttercoin, which has previously received funding from Google Ventures, is shutting down, the company has announced

The service will be turned off on April 10, at 11 PM PT

That timeline gives users a very short period to withdraw their funds from the service. However, Buttercoin claims it is still "100% secure and solvent" and that all customers' funds are accounted for

For users that do not take any action before April 10, their dollar balances will be sent back to the accounts they came from. Bitcoin balances will be automatically converted to dollars and sent to bank accounts linked to user profiles Read more...

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