Exchange BTC-e announced the soon restart and arrest of 45% of funds

Exchange platform BTC-e announced that it was able to regain control of part of the funds in the crypto currency and the Fiat in their hands, and promises to launch at the end of August, but under a different brand.

According to the BTC-e statement, the exchange managed to gain control of 55% of the funds (the exact figures depend on the allocation rate). The remaining 45% - arrested funds, most in Fiat, the report said.

BTC-e expects to restart at the end of August, but under a different name.

"It's impossible to work under the current BTC-e brand due to unclear questions from the US Treasury Department's Office for Combating Financial Crimes."

The Exchange is negotiating with a group of investors to buy and promptly launch the service and pay off debts to the users.

"After we transfer all balance sheets of the investment company, we will recalculate the balance sheets.

The conversion procedure, taking into account the available 55% of funds:

All liabilities for fiat (USD, EUR, RUR) will be transferred to BTE tokens (1 BTE is 1 USD) at the exchange rate on the date of conversion. Probably, for more operative closing of promissory notes, ICO will be held on BTE tokens.

If you have on the balance the amount in koin, then you will be written off 45% of the balance of coins and credited with 45% of BTE (1 BTE is 1 USD). At the exchange rate on the day of conversion.

If you have a balance in BTE, then you will be credited with 45% in koin (the amount will be divided into 7 different coins equally BTC, LTC, NMC, NVC, PPC, ETH, DSH) and write off the amount of 45% in BTE.

After all recalculations, all users will have an opportunity to withdraw 55% of their funds from the system. "

To gain access to their funds, all users will have to undergo a verification procedure, since "the investment company operates in compliance with KYC, AML and the licenses required for this activity".

Debt obligations the exchange expects to pay off from the operating income from the investment company's commission, as well as "from the funds that we plan to sue from those who illegally arrested them."

"The closing of the debt will occur on the principle of buying BTE tokens from the market."

In the next update, BTC-e will explain how the procedure for accessing information on client balances will occur and when these funds can be removed.

"From the BTC-e team we officially inform that all the funds that were in the reserve fund (including all our income) were transferred to pay off the debts that were generated."

BTC-e went offline July 25, and on July 26 it became known about the arrest of Russian Alexander Vinnik in Greece, whom US law enforcement agencies are accused of laundering money obtained by criminal means through the BTC-e exchange, in which, according to US law enforcement agencies , Was one of the administrators or founders.