BTC-e, the long-running and polemical bitcoin exchange targeted by US agencies in the previous month, has arrogate that users can withdraw their funds beginning Saturday.
As formerly reported, BTC-e – after its original domain had been seized by the authorities following the apprehension of a Russian national and the charging of a $110 million fine for money laundering violations – said it had secured "55 [percent] of the funds" originally held by the exchange, with the rest being confiscated. Two days ago, BTC-e converted access through a new domain, permitting users to check their balances and converse through the chat box.
In the modify form, the exchange said that users would be able to withdraw the percentage of their funds still available – provided that they accept a deal which would see BTC-e issue a debt token aimed at making up for the impounded funds.
Users that elect to keep their funds on the site, the statement goes on to explain, will have their funds moved to an as-yet- undisclosed domain that will serve as the home for the newly- establish BTC-e.
"On the day the site is launched, the balance will be recalculated at the market rate and will be credited to accounts with a higher ratio than 55/45....Tokens will be credited to your account balance, which you can use for bidding and releasing codes," the exchange said.