A cryptocurrency firm based in New York City has been ordered to shut down its website. The New York State Department of Financial Services (NYDFS) is appealing the decision, but for now, Bitzlato has been forced to close its doors.
Bitzlato's website was seized by authorities after it was accused of running an unlicensed money transmitting business. According to a report from Coindesk, Bitzlato had been operating as a "virtual currency exchanger" without being licensed by the NYDFS or any other state or federal agency.
The company's CEO, Boaz Bismuth, told Coindesk that he plans to file an appeal with the NYDFS and hopes that his business can continue operating despite the seizure notice. "We have not done anything wrong," he said. "We're trying to stay out of trouble."
The seizure comes after Bitzlato’s website was hit by hackers who stole about $4 million worth of cryptocurrency from the firm. Bitzlato was able to regain access to its website on Monday morning but could not access the funds that were stolen from its account. Five people have been arrested in connection with the breach.
The company is accused of running an illegal ICO and has been ordered to cease operations until it can prove its legitimacy to the authorities. The firm has denied all allegations against it, stating that it is simply an “innovation incubator” and not a scam or fraud.
Bizlato is a cryptocurrency exchange which was launched in 2009. The company has been leading the crypto world since few years and it has been providing its services to users throughout the globe.
Bizlato offers a high-quality service to its users with an easy-to-use interface. The company provides a wide range of services like buying, selling, trading and storing cryptocurrencies. It also offers a variety of payment options such as credit cards, debit cards, wire transfers and e-wallets. The exchange also allows users to make deposits from their bank accounts and make withdrawals from their wallets via their bank accounts or credit cards.
The platform has been developed by experts who have more than ten years of experience in the field of cryptocurrency trading platforms. Bizlato is committed to provide safe and secure services for all its clients, which is why it has created a multi-sig wallet service for its customers.
Bizlato also offers a 24/7 support service for its clients so that they can get any help with any issue related to their account or platform at any time of day or night anywhere in the world.
Bizlato has been leading the crypto world since few years. It is a platform that allows its users to buy and sell cryptocurrencies using fiat currency. The company was founded by Dan Schulman, who has been in the crypto space for more than five years.
Schulman, who has over 15 years of experience working in finance and technology, started his career with Goldman Sachs at the age of 17 as an intern. He later went on to work as a trader at JP Morgan Chase before starting his own hedge fund.
In addition to Bizlato’s founder, it also employs two other executives who have extensive experience working with cryptocurrencies: Thomas Amedeo (COO) and Justin Lee (CTO).
Bizlato was leading the crypto world since few years. The platform is known for its high liquidity and fast execution.
The company has a team of over 100 people and has raised $30 million in bitcoin and ether. The company has offices in New York, San Francisco, London and Singapore. Now the company has to give up by losing their website!
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