The Italian exchange BitGrail again suspended its activity, opening for only a few hours.
The exchange was involved in a scandal with the loss of 17 million Nano tokens (XRB) under suspicious circumstances in February. At 13:00 GMT, BitGrail reopened all its markets except for Nano for users, but as early as 16:12 GMT the company said that it is closing again.
This morning, following the re-opening, we were notified of a deed by the court of Florence requesting the immediate closure of BitGrail and this situation will persist until a decision is made by the courts, about the precautionary suspension request made by the Bonelli law office on behalf of a client.
The decision is scheduled for May 16 2018.
Even though we don't agree with this decision, we are obliged to respect the law and to suspend any BitGrail business immediately.
The owner of BitGrail Francesco "The Bomber" Firano continues to insist that tokens from his exchange were stolen by sending "unauthorized transactions", which became possible due to the vulnerabilities of the Nano protocol. Developers of Nano in turn declare that the exchange went bankrupt long before the official announcement in February.
Meanwhile, Firano tries to avoid bankruptcy, arguing that this scenario will be "the worst for everyone who is involved in this situation," and will not help the affected users to recover their money.