Seizure lifted on Bitcoin-24's German accounts

Lawyers for Bitcoin-24 say the seizure of the European exchange's German accounts has been lifted by the public prosecutor's office in Berlin.

AccessTimeIconMay 31, 2013 at 5:32 p.m. UTC
Updated Sep 9, 2021 at 12:44 p.m. UTC

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

Lawyers for Bitcoin-24 say the seizure of the European exchange's German accounts has been lifted by the public prosecutor's office in Berlin.

"This means that the suspicions concerning our client in relation to the alleged fraud and money laundering could not be substantiated," states a press release from the firm of Röhl-Dehm & Partner. "Our client is now in the process of preparing to make

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0
  • the first payments from the German account."

    The release adds, "For the time being these payments may only be made to those customers who have made payments into the account at Commerzbank and have not conducted any business with Bitcoins. In the course of the coming weeks we shall send messages to these customers and ask them to provide the information requested in these messages to enable the payments to be made."

    Bitcoin-24 went offline in April after authorities closed its German and Polish bank accounts.

    As of today, the Polish account remains closed.

    "We must ask customers with credit balances in the Polish account for a little more patience," notes the statement from Röhl-Dehm & Partner, adding that the firm expects a response from Polish authorities on Monday.

    With the latest developments, there are some signs the exchange could be planning to relaunch. On Wednesday, Bitcoin-24 tweeted a website screenshot of what it says will be "BTC24 2.0". A May 15 tweet also indicated the company was looking to hire a new PHP/Javascript programmer.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.



    Read more about