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TechFlow reported that weeks after the co-founder of Bitzlato agreed in a Brooklyn court to dissolve the cryptocurrency exchange as part of a guilty plea, the Bitzlato team announced it must temporarily suspend all Bitcoin withdrawals. The company claimed in a post on its Telegram channel on December 27 that this is only a temporary measure, as it prepares for and participates in upcoming legal hearings regarding user assets seized in France.
Following the weeks after Bitzlato's co-founder agreed in a Brooklyn court to dissolve the cryptocurrency exchange as part of a guilty plea, the Bitzlato team announced that all Bitcoin withdrawals must be temporarily suspended. The company claimed in a post on its Telegram channel on December 27 that this was only a temporary measure, and that it was preparing for and participating in upcoming legal hearings regarding its users' assets seized in France.
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