Crypto exchange Bitzlato published instructions for withdrawing 50% of funds in BTC

Article Reading Time:
2 minutes.

Cryptocurrency exchanger Bitzlato, accused by foreign law enforcement of money laundering, presented instructions for withdrawing 50% user funds in bitcoins.

According to a publication in the Telegram channelBitzlato, today, March 20 at 14:00 Moscow time, service users will be able to start withdrawing their funds. First of all, Bitzlato experts recommended checking access to the email addresses specified during registration. After completing certain actions, a special code for transferring funds will be created and sent to the specified email address.

The Bitzlato team emphasized that the transfermoney is possible only from those accounts for which the email is known and which are not linked to the Telegram ID. The account from which the funds are transferred will be deleted. If the email is entered incorrectly, the user will be able to retry withdrawing funds only after 24 hours.

Bitzlato experts also warned thatAML services that monitor cases of illegal money laundering have marked all coins as high-risk. Therefore, when making a withdrawal, users are advised to try several options. Firstly, you can use the service without AML checks and conduct a test transaction with a small amount. Secondly, you can send funds to a cold wallet, and then redirect the small amount to centralized or decentralized sites.

There are other options:send a small amount to any service or simply leave crypto assets on Bitzlato and wait for the launch of the peer-to-peer platform, which is scheduled for early April. The minimum withdrawal size is limited to 0.001 BTC, and the commission is 0.0003 BTC.

Let us recall that in February the media began to disseminate information about the arrest of Bitzlato co-founder Anton Shkurenko. However, Bits.media’s own sources denied these rumors.