BTC-e Opts to Reimburse Users with Tradeable BTCT Tokens

sergey44 (66)in #crypto • 7 years ago

The Russian cryptocurrency exchange BTC-e has confirmed it will reimburse users who lost funds with 45 percent newly-created BTCT tokens. The move was first announced last week, as BTC-e has access to only 55 percent of its reserves with the remaining 45 percent under control of the FBI. After “reading responses” to the idea, a new update reads Monday, that the exchange has decided the token route is the “safest way out of the situation.” “Free exchange will be available for tokens representing any currency,” the update reads, announcing a special trading section to serve BTCT. “These can be traded at any rate, but not one which higher than the nominal one. We will ensure that all tokens are redeemed.” Holders of BTCT can also sell them to other users for BTC or other currencies at any point.