The seized cryptocurrency exchange Bitzlato plans to resume operations and allow some users to withdraw Bitcoin first

ChainCatcher news, according to The Block, Anton Shkurenko, co-founder of the Hong Kong cryptocurrency exchange Bitzlato, stated that 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 mentioned that the police had seized the platform's hot wallet, which contained about 35% of all cryptocurrency user funds at that time. However, Shkurenko stated that the exchange would reopen at an unspecified time and would guarantee that 50% of Bitcoin user funds in Bitzlato wallets could be withdrawn on the same day of the relaunch, with withdrawals for other cryptocurrencies to be rolled out subsequently. (source link)