Italian Crypto Exchange BitGrail Was Closed a Few Hours After Re-Launch
An important Italian cryptocurrency exchange has amazed users with an unexpected suspension of its daily operations shortly after the platform reopened its doors on Tuesday.
BitGrail, an Italian based cryptocurrency trading platform, has again created a wave of suspicion among clients. The platform was a victim of a cybercriminal attack in February 2018, leaving it without 17 million Nano tokens, today worth about $ 140 million.
The platform has re-opened its commercial operations online on Tuesday at 10:00 UTC. Users were able to trade all cryptocurrency, except NANO/XRB. Customer frustrations occurred at 13:20, when the platform suspended its activity again, apparently because of an order from the court.
“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,” according to the BitGrail’s statement.
A petition was filed against BitGrail
According to the statement, the suspension order came from BonnelliErede, a law firm based in Italy, who filed a complaint a few days ago against a BitGrail creditor in order to declare the company bankrupt.
Francesco Firano, the founder of BitGrail, argues that the “unauthorized transactions” that led to the loss of a large number of tokens occurred due to some technical problems within the Nano protocol. Instead, developers claimed that the cryptocurrency trading platform was going through a complicated period before the attack occurred.
“To date, all reliable evidence we have reviewed continues to point to a bug in BitGrail’s exchange software as the reason for the loss of funds,” according to the Nano Foundation’s April update.
All this time, Firano has announced that he will do his best to lead the company to bankruptcy, claiming that all those involved will suffer, while victims will not benefit from remuneration.