Cryptocurrency exchange BTC-e vows to return customer funds

Cryptocurrency exchange BTC-e has issued new statements following the recent efforts by law enforcement officials to bring the service down, CoinDesk reported.

Last week, the Financial Crimes Enforcement Network (FinCEN) imposed $110,003,314 civil money penalty on BTC-e for willfully violating U.S. anti-money laundering (AML) laws. This followed the arrest of Russian national Alexander Vinnik, who according to FinCEN, was one of the operators of BTC-e.

In its new statement, BTC-e detailed the events that have transpired so far. It said that the FBI staff came to its data center and “seized all equipment, servers were on the databases and purses of our service” on July 25 and soon after the domain was seized.

Importantly, BTC-e declared: “Alexander was never the head or employee of our service.”

The exchange further assured its users that it will return the funds to everyone. It said that if its platform is not started before the end of August, then from September 1 it will start the process of refund. BTC-e added that in the next 1-2 weeks it will evaluate and release information about how much money was confiscated by the FBI and how much is available for return.

It added:

“For all those who buried us, I will remind you that the service has always worked on trust, and we are ready to answer for it. Funds will be returned to everyone!”

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