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BitGrail Gets Legally Shutdown Within Three Hours of Reopening

May 5, 2018

BitGrail Gets Legally Shutdown

The Italian crypto exchange that was recently hacked reopened for operations on the 2nd of May.

However, three hours later they posted another tweet informing their followers about the servers once again being shut down.

The crypto exchange company also posted an explanation later that day regarding their sudden move to close operations again.

“This morning, following the re-opening, we were notified of a deed by the court of Florence requesting the immediate closure of BitGrail and this situation will persist until a decision is made by the courts, about the precautionary suspension request made by the Bonelli law office on behalf of a client.

The decision is scheduled for May 16, 2018.

Even though we don’t agree with this decision, we are obliged to respect the law and to suspend any BitGrail business immediately.”

BitGrail was forced to shut down due to the controversial disappearance of 17 million Nano coins in Feb 2018. According to sources, both organizations were attempting to place the blame on the other. An update from BitGrail also stated that all users would receive compensations as long as nobody sued. At the start of April, a lawsuit was filed against developers of Nano stating that they were behind this controversy. We’ll just have to wait till the 16th to see who the court favors.