‘Hacked’ Crypto Exchange BitGrail Shuts Down 3 Hours After Re-launch

Italian cryptocurrency exchange BitGrail has once again suspended operations after briefly re-opening most of its trading markets on Tuesday. The exchange, which has been immersed in controversy since 17 million Nano tokens (XRB) — now worth approximately $140 million — went missing in February, re-opened trading for all coins except XRB at 10:00 UTC. By 13:20, the platform had once again been shut down — this time allegedly in response to a court order. “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,” BitGrail wrote in a statement. “The decision is scheduled for May 16 2018.” The statement indicated that the request originated with BonneliErede, an Italian legal…

Read the original article here