Despite being officially seized, Bitzlato allows users to withdraw Bitcoin and plans to restore P2P trading soon.
software wallets like Trust Wallet and ViaBtc, as well as hardware wallets like Ledger to withdraw their Bitcoin.
Bitzlato’s 50% withdrawal option follows its previously announced roadmap on restoring users’ access to the platform and resuming operations. According to the plan, Bitzlato will continue its work to restore the platform andA number of users have preferred to not withdraw 50% of their assets from Bitzlato this time, opting to wait until the exchange will restore P2P trading.
Bitzlato users should not expect to recover the remaining 50% of their assets once the P2P exchange is launched, the representative said. “There will be no second half once the P2P is opened, since these are two unrelated questions and processes,” the Bitzlato spokesperson stated.According to the representative, the issue with client funds has not yet been resolved, but Bitzlato plans to return the money either by restoring access to seized funds by Europol or from the company’s own funds. The spokesperson said.
“Lawyers have disputed the decision of the French government, and if the outcome is favorable, the funds will be returned [...] If it does not work out, the users have to wait until the firm earns enough to compensate for the losses.”
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