BTC-e Considers Debt Tokens and ICO to Repay Users
BTC-e is considering issuing tokens via an ICO to cover user losses. On Bitcointalk today, the exchange said it now had control of 55 percent of its reserves, with 45 percent remaining under control of the FBI. The FBI had seized databases and wallets from the exchange, while the US Securities and Exchanges Commission (SEC) said it wanted to fine it $110 million for disregard of AML laws applicable to operators serving US customers. The post added it would no longer be able to continue trading under the BTC-e brand. The post stated:
“For the past 14 days we’ve fought for your funds and managed to gain control of 55 percent but the remaining 45 percent is apprehended funds, most of which are fiat. To achieve quicker settling of our debt obligations, BTC-e tokens may undergo an ICO,”
Read more here: https://cointelegraph.com/news/fbico-btc-e-considers-debt-tokens-and-ico-to-repay-users
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