Representatives of BTC-e have published an action plan for repaying debts to customers
Representatives of the BTC-e exchange published an action plan, according to which debts will be paid to customers.
As they say in a recent entry on Bitcointalk, the way out of the current situation with the arrested Fiat is as follows:
"1. The last 14 days we were engaged in the struggle for your means, we managed to gain control over 55% of the funds (depending on the course), the remaining 45% are arrested funds, the most part in fiat. As the arrest is withdrawn from the accounts, the amount will decrease.
What is the way out of the current situation we see:
2.1. It is not possible to work under the current BTC-e brand due to unclear questions from the US Treasury Department's Office for Combating Financial Crimes.
2.2. At the moment, we are negotiating with a group of investors (an investment company) to buy and promptly launch the service and pay off debts to customers. Further, the process of repayment of debt obligations will be described in more detail.
2.3. After we transfer all balance sheets of the investment company, we will recalculate the balance sheets.
2.4. The conversion procedure, taking into account the available 55% of funds:
2.4.1. 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.
2.4.2. 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.
2.4.3. 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.
2.4.4. Upon all recalculations, all users will have the opportunity to withdraw 55% of their funds from the system.
2.5. The investment company works in compliance with KYC, AML and the licenses required for this activity, so all users will need to undergo verification.
2.6. Tentative start dates end of August.All debt obligations will be closed primarily from operating income from the investment company's commission, as well as from the funds we plan to sue from those who illegally arrested them.
Closing of debt obligations will be based on the principle of buying BTE tokens from the market. "
In addition, the representatives of the exchange promised in the future to inform about the procedure for accessing information on the balances of user accounts, as well as when the withdrawal of funds will be available.
Finally, representatives of BTC-e assured that all the means of the reserve fund of the trading platform will be directed to fulfill obligations to customers:
"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 have been generated."
Recall, a few days ago, representatives of the BTC-e crypto exchange announced the arrest of their fiat accounts.