BTC-E Vows to Return Funds Despite Government Control

In a statement on btc-e twitter account they wrote,

"Almost for 6 days we could not get from our hosting provider the same information, what happened to our servers because of this information we publish only now.

July 28, the domain was confiscated.

At the moment, part of the service facility is arrested by the FBI.

The next update will be information on what options are available to restore the service, as well as the procedure for obtaining funds, in the event that the service is not started. In the current situation, if the service is not started before the end of August, Then from September 1 we will start the process of refund.

In the next 1-2 weeks, we will evaluate and publish information about how much money fell into the hands of the FBI and what amount of funds is available for return.

For all those who buried us, I will remind you that the service has always worked on trust and we are ready to answer for it.

The funds will be returned to everyone!"

How much of this is true is yet to be seen, if the government has confiscated their purses and servers which is apparently out of US jurisdiction. Who's to stop the US government from infiltrating exchange after exchange.

Be safe folks keep your crypto in a secure wallet, password protected and back it up when ever there are changes.s

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