Bitcoin exchange BTC-e is planning to release more updates about its recovery efforts weeks after a stunning crackdown by US authorities.
As previously reported by CoinDesk, BTC-e was the target of a law enforcement operation in late July, during which one of its alleged operators was arrested in Greece. US authorities later seized BTC-e's Web domain and unsealed a 21-count indictment, accusing Russian national Alexander Vinnik and BTC-e of facilitating the laundering of billions of dollars via bitcoin, along with a $110 million fine.
Yet days after the arrest, a forum account long associated with BTC-e posted a pledge to relaunch the exchange, promising to return funds to those who were held accounts at the time of the shutdown. BTC-e has since announced it plans to issue a debt token as part of that repayment effort.
Now, according to new update posted on Bitcoin Talk, BTC-e is in the process of "transferring digital resources to an investment company" that will support the planned exchange relaunch.
In a translated statement, BTC-e reiterated its promise that users "will be able to withdraw 55% of the funds" when the exchange is brought online. BTC-e indicated that it would move to publish more frequent updates after August 31, with the next update expected on August 30.
The account also answered a number of queries, perhaps most notably to one about the legal effort launched by US prosecutors.
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"At the moment, we have not received official documents from the United States. All that is at the moment is an order," it stated.
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