Part of Bitzlato co-founder’s guilty plea on Dec. 6 was to dissolve the illicit exchange and forfeit its cryptocurrency. Now, it’s suspending withdrawals.
Just weeks after Bitzlato’s co-founder agreed in a Brooklyn court to dissolve the crypto exchange as part of a guilty plea, the Bitzlato team announced it has to “temporarily suspend” all Bitcoin withdrawals.
In a Dec. 27 post to its Telegram Channel, the firm claimed this was only a temporary measure while it prepares and goes through upcoming legal hearings regarding its users’ assets seized in France.
“We are full of determination and optimism regarding this matter,” it said.
