Bitzlato crypto exchange introduced a withdrawal plan for users

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Crypto exchange Bitzlato, accused of money laundering by foreign law enforcement officers, has presented a new roadmap for paying 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 are stillis in the possession of law enforcement officers in France. Bitzlato Does Not Abandon Attempts to Appeal the Arrestservers in France.

The Bitzlato team also conducted a technical audit and found that the code had been compromised by the French prosecutor's office, and its further use was inexpedient 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 refunds, the Bitzlato team announced the readiness of a special bot that canShow the user's balance at the time of the platform termination — January 18, 2023.According to the new plan, from February 24, customers' altcoins will be converted into bitcoins, since there is noFrom March 1, users will be able to launch a service that supports a variety of crypto assets.In two weeks, on March 14, Bitzlato will presentP2P platform as a custodial service, and from April 2, the administration willReady to launch a peer-to-peer cryptocurrency trading platform.

Now co-founder of Bitzlato Anton Shkurenkois under close attention of the authorities. Last week, information about his arrest appeared online, but Bits.Media’s own sources denied these rumors. In addition, extraditing Anton Shkurenko to foreign law enforcement agencies without initiating a criminal case in Russia would be contrary to legal norms.

Let's remember 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.