Quite an invalid assumption to make. We're involved with BTC (four core service products) and have employees, pay taxes, etc...

This should serve as a warning to everyone, everywhere.

He'll be lucky if he ever gets those funds back, much less any time soon.

So you called and asked about it. What was their response?

Even to a different (more financially stable) bank in the same country?

make sure your lawyers get you shares in the bank equal to the haircut to mitigate some losses even if it's  over a decade and the shares sell for pennys on the dollar since its basically worthless even to possible future earnings after wind down or restructure.... what a debacle!@#

I am still pissed that McDonalds raised the price of the $1.00 small fries, up to $1.27... Totally defeated the whole purpose of raising minimum-wage!

Oh, you lost a large portion of money you probably didn't actually earn... so sad... too bad... cry me a river...

Take out what you can, every day, until it is all gone, and turn it directly into bitcoins, litecoins, and namecoins. Problem solved. You will be up to your previous balance, before you have withdrawn all your remaining money, and any money left will just be a bonus.

You can still get money out, so what is the actual problem? That is what you get for placing money in a BANK, who simply lends out your money to others. Sorry that the people they lent it to, are not paying them back. I would bet a million dollars that all the lending was to the bank owner himself. They like to do that, using shell companies that don't actually exist, then just default on the loans, declare bankruptcy, and HOPE the government steps-in to pay for the losses, which are not actual losses.

I worked for a business... One that doesn't keep money in a Cypress bank, and pays minimum wage.

Oh, and I mined for bitcoins, and litecoins and namecoins...

And I made IMVU-credits and Lindens and traded some silver...

And I borrowed a few thousand from Cypress... Not paying them back... They are a foreign bank... They can give me a bad grade on my credit report... What are they going to do, raise the value of the dollar menu again, to get my money?

Funny thing is... I am retired. Have been since I was 19. It is amazing what you can actually do without money, without debit, without banks, without taxes (ok, little taxes), and with no expectations only accepting anything that comes, as a reward.

Best thing you can do is go broke and learn to live with nothing. That is when you realize you never actually had anything in the first place. Just a bunch of junk that you only think is of value.

(This coming from a man with over a dozen computers, monitors, electronic devices, millions of drawings and business plans, and lives off the dollar-menu at McDonalds. No I am not fat. I only eat once a day. I don't eat like a pig. I eat only what my body needs. I buy only things I need and crap that is fun to play with. Man Geek toys. lol.)