Bitgrail In The Grey: Hacker Or Scam?

With business halted after an alleged hacking attack, Bitgrail has attempted to bounce back from the controversial shutdown, but without success. Meanwhile, cryptocurrency investors lay in wait to recuperate millions of dollars in missing funds.

When Bitgrail, the cryptocurrency exchange founded in Italy, ceased operations in February as a consequence of a hacking attack, those with investments in the company were left with fear for the future of their stakes. On May 2nd, despite the bankruptcy proceedings in progress, Bitgrail attempted to resume business but was immediately blockaded by order of the Court of Florence.

Background

In early February of this year the global cryptocurrency exchange Bitgrail ceased operations of the global trading portal after an alleged cyber attack.