Crypto trading firm looks to relaunch access after FBI block
About four days ago, Bitcoin futures trading firm 1Broker was accused by the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) of breaking federal laws by allowing investors in the US to trade on its platform. Following the accusations, the FBI seized the company's domain, which resulted in 1Broker suspending all trades. The company has now said that it is going to allow access to the site in the US, but will only be able to provide a "window" into trading to US-based investors.
The "read-only" version will allow customers to see their balances and transaction histories and is expected to be ready by tomorrow. The company said in a press release, "Currently, our top priority is to allow customer withdrawals. The company holds enough funds to cover all withdrawal requests, of course. Before we can take the required steps to do that, we have to seek permission from the authorities."
According to a note on the website of 1Broker's parent company, 1Pool, "On September 28th, 2018, our domain 1broker.com was closed by the United States Securities and Exchange Commission (SEC). This means that the trading panel is not accessible anymore - funds, servers and databases are not affected. Currently, our top priority is to allow customer withdrawals. The company holds enough funds to cover all withdrawal requests, of course. Before we can take the required steps to do that, we have to seek permission from the authorities. During this whole process, we are supported by our lawyers and we will regularly post updates here. Please note that all emails sent to @1broker.com addresses are not received by us - you can use [email protected] to contact us. All updates regarding the activation of withdrawals will be posted here - please do not contact us for questions related to this topic. Please expect delays of up to 5 days until we respond, due to the high amount of inquiries."
1Broker is also looking for legal advice in order to be able to operate completely and legally in the US. In the meantime, withdrawals by US users are not possible and 1Pool has indicated that it "cannot estimate" when they will be available.