Bitcoin exchange BTC-e will return under a new name and issue a token in order to refund users, according to a forum account tied to the platform.
The comments come after BTC-e, one of the longest-running and arguably most secretive of the world's cryptocurrency exchanges, was shuttered by U.S. authorities late last month. After arresting one of the exchange's alleged operators, officials handed down more than $100 million in fines and seized BTC-e's web domain.
In the latest statements, BTC-e said it "managed to gain control of 55% of the funds", with the remainder having been confiscated.
The anonymous spokesperson said the platform is working with an unnamed group of investors to revive the site, adding that the BTC-e brand would be abandoned "due to unresolved issues from the Office of Financial Crimes of the US Treasury." The exchange said the rebranding process would begin at the end of August, and promised future statements on the detail of the plan.
The exchange's staff explained (in a translated statement):
Holders of BTE would later be credited through seven different cryptocurrencies – bitcoin, litecoin, namecoin, novacoin, peercoin, ether and dash – "and write off the amount of 45% in BTE", according to the post.
To receive their tokens, users will have to verify their identities, the exchange detailed, citing investor requirements.
"The investment company works in compliance with KYC, AML and the licenses required for this activity, so all users will need to undergo verification," it said.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.