TechFlow news, according to The Block, Anton Shkurenko, co-founder of Hong Kong-based cryptocurrency exchange Bitzlato, said the company plans to resume operations and allow some users to withdraw funds. Earlier this month, Bitzlato was accused of laundering over $700 million, and its servers were seized in a major international operation.
Shkurenko stated that authorities have seized the platform's hot wallets, which held approximately 35% of all users' cryptocurrency funds at the time. However, Shkurenko said the exchange will reopen at an unspecified time, with plans to enable withdrawals of 50% of Bitcoin user funds in Bitzlato wallets on the day of relaunch, while withdrawals for other cryptocurrencies will be rolled out gradually. Source link
