Defunct cryptocurrency exchange BTER claims it doesn't have enough funds to reimburse all its users, following an alleged seven-figure hack.
The Chinese exchange closed earlier this week, issuing a statement via its website that 7,170 BTC had disappeared from its offline wallet – around $1.75m at press time.
Speaking to CoinDesk, a BTER spokesperson claimed CNY and USD withdrawals would resume within a week. However, the company said it is still exploring different options to make all its customers whole, including selling the platform.
Will they get into jail for not paying back to customer ?
Well that sucks, hardly used BTER and after all these hacks I'm just going to stick with well known exchanges (not that it guarantees they wont 'get hacked')
I still save my most altcoin on POLONIEX & Bittrex