Bitcoin exchange BTC-e has gone offline this July due to the Alexander Vinnik case. On 25th of July, the FBI agents seized all the equipment from their data centre. On Saturday evening, July 29th, all the coins were withdrawn by one transaction. The total withdrawn amount was 485,705.4597502 ETH, which at the current market rate is almost $95 million.
Since then, the exchange team has made several announcement via bitcointalk.org concerning its plans for the company's revival.
Now, BTC-e’s latest announcement focuses on an update on August 30th and indicates it will publish daily updates after August 31st. Thus, according to the team, a process of transferring digital resources to an unnamed investment company is currently going on, so as to prepare these resources for its relaunch.
The company claims that he relaunch will happen over a several week-period, occurring in three stages:
- User information will be transferred to an as-yet-unnamed company "in full compliance with the European directives on personal data and in compliance with European legislation in this field". This is to be completed by September 15th.
- An unnamed financial investment firm will move to restructure the exchange's digital assets and begin an accounting of the transferred user data.
- The investment firm will "audit and register personal data in accordance with AML laws and KYC identification procedures".
In parallel with the legal issue of restructuring, users will be given the opportunity to check the integrity of the digital balance in the user's account, and users will be able to make changes in the security of the account. For chat and support the service will be launched on the old domain (btc-e.nz). You will be able to log in and check your balance before recounting.
The company also points out the the next update will be released on September 1st.
However, BTC-e customers seem to be quite disappointed:
You said originally that either the exchange would run by end of august or you would refund everything. Why not refund what you have now and transfer the rest to the new entity?
Obviously, most of the users expected to get access to the funds withdrawal before September 1st.