BTCT Update – Trading Halted, website shutting down.

BTCT.co has completed halting trading and has begun their website shutdown. From BTCT.co

IMPORTANT NOTICE TO ALL BTC TRADING CORP WEBSITE PARTICIPANTS

Trading has been halted according to the winding down plan. We will update the site code shortly to allow transfers to and from asset issuers on a per-issue basis where necessary.

And the announcement from a couple of weeks ago:

Website Shutdown Announcement

IMPORTANT NOTICE TO ALL BTC TRADING CORP WEBSITE PARTICIPANTS

As a result of recent changes in the virtual currency regulatory environment, the btct.co and litecoinglobal.com virtual stock market websites will be closing down.  The following is our current schedule:

  1. Approximately a week ago, both sites were closed to any new users and new asset creation was disabled.
  2. Effective immediately, in conjunction with this release, trading will be halted, all order books cleared, and trading re-enabled.
  3. October 7, 2013, all forms of secondary market trading will be halted on both sites.
  4. Approximately October 31, 2013, both sites will be taken offline.  It is strongly suggested that participants take the following steps to protect all of their virtual assets:
    1. All participants should take steps to transfer all of your BTC and LTC (and any other data you wish to keep, such as CSV trade histories) held on the sites to your personal computer or another trusted site.
    2. All participants should make sure that their public BTC or LTC address is properly set in the Account page on the Settings tab whereby it can be shared with all issuers.
    3. All “issuers” should have the contact information concerning their “investors”, and we ask that all “issuers” communicate with their “investors” as soon as possible as to how they will ensure that all are treated appropriately.

We regret this development. However, we want to do everything we can to minimize problems arising from this transition.  It is our goal to keep this shutdown orderly and calm.

Thank you for your participation, creativity, loyalty and sense of community over the past year.  Additional communications will follow as we work out the details.

Ethan Burnside
BTC Trading Corp.

 

I received all my funds within a day of withdrawing them from the site without any issue. I didn’t hold any shares at the time of the closure, so I can’t comment on how those who do will be affected.

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