Romania Bitcoin Exchange CoinFlux Halts Activities after CEO’s Arrest

The Romanian bitcoin exchange executive has been arrested on suspicion of money laundering and other crimes and is currently fighting extradition to the United States.

Earlier this week, CoinFlux posted to Medium.com to inform followers that they are unable to access parts of their platform including those which would allow them to deliver information in the usual way.

“Another unpleasant consequence of the investigation is the fact that our access to some parts of our platform has been restricted, thus we are unable to send this announcement through the usual communication channels: e-mail and website. Our expectation is that we will gain control back, within the next days.”

They said at the time that they were working to regain access to exchange funds so they could determine what the next course of action would be. Currently, they remain legally disallowed from doing any sort of cryptocurrency exchanges.

Reference: https://www.ccn.com/romania-bitcoin-exchange-coinflux-halts-activities-after-ceos-arrest/

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