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1Broker is going to continue Withdrawals on Thursday

1Broker is a Bitcoin futures firm that has been accused of the violation of several US security laws. However, on Thursday, it plans to reopen withdrawals. The following trading website was charged for being a swaps dealer based on security and working without registration and the violations of laws devoted to money laundering and wire […]

By - October 12, 2018

1Broker is a Bitcoin futures firm that has been accused of the violation of several US security laws. However, on Thursday, it plans to reopen withdrawals.

The following trading website was charged for being a swaps dealer based on security and working without registration and the violations of laws devoted to money laundering and wire fraud. As a result, the FBI closed the website a month ago, but at the beginning of October, the latter one was reopened in a read-only mode and added an announcement about the search of a counsel to protect it in court.

A Twitter post was also added on Wednesday, where the platform informed its users about the start of withdrawals at 12 o’clock on Thursday and thanked them for being patient.

There were no any announcements about the reactivation of this trading website made yet.

The following court battle between 1Broker and US legal representatives began in September. Not only the platform but also its CEO Patrick Brunner and parent company 1Pool have been accused for laws violations. The latter ones are planned to be punished with both a permanent injunction and monetary penalties.

After the closure of domain, the platform ensured its users that it owns enough sufficient funds for covering all withdrawals, though the process can be started only when it is permitted by US authorities.

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