BTER Soon Resuming USD, CNY and Some Altcoin Withdrawals but May Sell BTER.Com

BTER said it will soon be resuming fiat and some altcoin withdrawals, which it had temporarily halted as a precaution

BTER said it will soon be resuming fiat and some altcoin withdrawals, which it had temporarily halted as a precaution after it lost 7,170 BTC ($1.7 million) in a recent hacking. The exchange tweeted:

The exchange wrote on its Weibo page that the first coins to be made available for withdrawal are nxt, counterparty (XCP) and recently added tilecoin (XTC).

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However, the financial standing of the exchange has been called further into question after it suggested that it is looking to liquidate assets, including its BTER.com domain, in order to compensate users:

Last year, the China-based exchange initially lost over 50 million of the nxt cryptocurrency, then worth $1.65 million, in another hacking attack. The hacker returned some of the funds after negotiations.

It has also indicated that it continues to monitor the movement of the stolen bitcoins through the blockchain, and its bounty of 720 BTC for their recovery remains on the table.

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