Bitzlato temporarily suspends all Bitcoin withdrawals

Ritu13

Following the co-founder of Bitzlato agreeing to dissolve the cryptocurrency trading platform and pleading guilty in a Brooklyn court a few weeks ago, the Bitzlato team has announced the "temporary suspension" of all Bitcoin withdrawals. In a Telegram channel post on December 27th, the company claimed that this is only a temporary measure to prepare for and undergo a forthcoming legal hearing regarding the assets of users seized in France.

Sona59

This is indeed a frightening situation.