The trading platform, which was accused of acting as an unregistered security-based swaps dealer, as well as violating money laundering and wire fraud laws, saw its website seized by the FBI late last month. The platform was able to reopen its site in a read-only mode in early October, announcing at the same time that it was seeking U.S. counsel to fight the charges.
The exchange has not announced any reactivation of its trading platform as of press time.
1Broker’s legal battle began in September, when the SEC, CFTC and FBI all filed charges against the site, CEO Patrick Brunner and parent company 1Pool, alleging that the platform offered U.S. investors access to securities-based swaps products without following the required legal processes.
The regulators are seeking a permanent injunction against Brunner and 1Pool, along with monetary penalties, as previously reported.
After its domain was seized, the company said in a statement that it holds sufficient funds to cover any and all withdrawal requests, but that it needed permission from U.S. authorities to enable this function first.
Brunner did not immediately respond to a request for comment on Wednesday.
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Source link https://www.coindesk.com/1broker-says-bitcoin-futures-site-will-start-processing-withdrawals-thursday/