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Author Topic: BTC-e Update #5 - in English  (Read 508 times)
Crystaleyes (OP)
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August 10, 2017, 12:33:38 PM
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 So, although I speak fluent French, English, Italian, Portuguese and Spanish, I have yet to master Parusky!

  With that in mind, I am sure I'm not alone...




Update5!

 Important! 08/09/2017

 Exit from the current situation with the arrested (seized) Fiat:

 1. For the last 14 days we have been engaged in a struggle to recover your assets and it was possible to regain control over 55% of the funds (depends on the course), the remaining 45% are the seized funds, the most part in fiat shite. As the arrest is withdrawn from the accounts, the amount will decrease.

 
 2. What is the way out of the current situation we see:

 2.1. To work under the current BTC-e brand is not possible due to unresolved issues from the Office of Financial Crimes of the US Treasury.
 
 2.2. At the moment, we are negotiating with a group of investors (an investment company), about buying and prompt launch of the service and repaying debts to customers. Further, the process of repayment of debt obligations will be described in more detail.
 
 2.3. After we transfer all balance sheets of the investment company, we will recalculate the balance sheets.

 2.4. The conversion procedure, taking into account the available 55% of funds:

 2.4.1. All liabilities for fiat shite (USD, EUR, RUR) will be transferred to BTE tokens (1 BTE is 1 USD) at the exchange rate on the date of conversion. Probably, for more operative closing of promissory notes, an ICO will be held on BTE tokens.

 2.4.2. If you have on the balance the amount in coins, then you will be written off 45% of the balance of coins and credited with 45% of BTE (1 BTE is 1 USD). At the exchange rate on the day of conversion.

 2.4.3. If you have a balance in BTE, then you will be credited with 45% in coins (the amount will be divided into 7 different coins equally BTC, LTC, NMC, NVC, PPC, ETH, DSH) and write off the amount of 45% in BTE.

 2.4.4. Upon all recalculations, all users will have the opportunity to withdraw 55% of their funds from the system.

 2.5. The investment company works in compliance with KYC, AML and the licenses required for this activity, so all users will need to undergo verification.

 2.6. Tentative start date is the end of August.


 3. All debt obligations will primarily be resolved from operating income of the investment company's commission, as well as from the funds we plan to sue from those who illegally seized them. The closing of the debt will be based on the principle of buying BTE tokens from the market. The next update will provide more details on the procedure for accessing information on your balance sheet and when these funds can be withdrawn.
 From the BTC-e team we officially inform that all the funds that were in the reserve fund (including all our income) were transferred to pay off the debts.

 P.S. A warning! The cases of posting fake links on allegedly our new domain have become more frequent. All official information about our service is placed only in our twitter and from our official account on the forum.

Sincerely, BTC-e team



 
  It kinda all makes sense except perhaps the 2 most important subsections, 2.4.2 and 2.4.3

 Seems to be saying that we have to write off 45% of any coins or dorrar we had in Btc-e, but it is all Russian to me. Please feel free to clarify the situation if this translation is incorrect.


 P.s. Chinese visitors, don't worry... CaptainClaw will do the Chinese translation on another page Smiley


 Hope this helps

Is it not amazing? That in the sub-micro world of the atom, quantum physics requires the perpetual motion of particles with both spin and orbital motions.
 
 Yet in the macro world, mainstream science is based upon the law that a perpetual motion machine is absolutely impossible!

 This is the embarrassing state of today's science...
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