CoinFlux, the popular cryptocurrency exchange from Romania, has had its bank accounts frozen days after its CEO, Vlad Nistor, was arrested by local law enforcement officials. In a blog post on Medium, the company also claimed it is unable to communicate with clients through its website or email.

“Due to a recently started, unexpected investigation, we are in the unpleasant situation of temporarily stopping any digital currency exchanges,” said the company in their release. “Unfortunately, our company’s bank accounts have been frozen, a situation which affects the CoinFlux wallets as well. We are doing all possible efforts, along with our legal advisers, to make sure everyone who had money deposited in CoinFlux wallets gets it back.”

The founder and CEO of the company, Vlad Nistor, was detained in the city of Cluj on Tuesday on behalf of the US government and presumably extradited the same day. The 29-year-old founder of CoinFlux will reportedly be charged with two criminal cases, allegations of fraud, computer fraud, organized c…

This article appeared first on Cryptovest

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