Bitzlato employees wrote on their social networks for the period February 15, 2023, part of the funds that were on the Bitzlato hot wallet is still with French law enforcement officers. Bitzlato does not leave attempts to return funds and appeal against the arrest of servers in France.
Crypto exchange Bitzlato, accused by foreign law enforcement officers of money laundering, has presented a new roadmap for paying out funds to users.
Bitzlato specialists reported on their Telegram channel that as of February 15, 2023, part of the funds that were in the Bitzlato hot wallet is still with French law enforcement officers. Bitzlato does not leave attempts to appeal against the arrest of servers in Frane.
The Bitzlato team also conducted a technical audit and found that the code was compromised by the French prosecutor’s office, and its further use is inappropriate from a security point of view. It is possible to restore the old code, but it will contain AML service labels. Therefore, it was decided to develop new software that is resistant to these services.
As for the refund, the Bitzlato team announced the readiness of a special bot that can show the user’s balance at the time the platform was stopped – January 18, 2023. According to the new plan, clients’ altcoins will be converted into bitcoins from February 24, since there is currently no technical possibility to launch a service that supports many cryptoassets. From March 1, users will be able to safely withdraw up to 50% of funds in bitcoins. Two weeks later, on March 14, Bitzlato will introduce a P2P platform as a custodial service, and from April 2, the administration will be ready to launch a peer-to-peer platform for cryptocurrency trading.
Now co-founder of Bitzlato Anton Shkurenko is under close scrutiny of the authorities. Last week, information about his arrest appeared on the network, but Bits.Media’s own sources denied these rumors.. In addition, the extradition of Anton Shkurenko to foreign law enforcement agencies without initiating a criminal case in Russia would be contrary to legal norms.
Recall that another co-founder of Bitzlato, Anatoly Legkodymov, was arrested in the United States in mid-January, at the request of the US Department of Justice. The agency claims that more than $700 million was laundered through Bitzlato.