BTER announces re-launch of its trading platform

BTER, a China-based crypto exchange, has recently announced the re-launch of its trading platform. It said that it will also provide a robust cold wallet solution. It suspended all trading following the theft of 7,170 bitcoins (worth at the time close to $1.7 million), from its cold wallet.

The news may come as a surprise for many as the exchange announced a while back that it was looking to liquidate its business, including BTER.com, in order to cover losses.

"We are deploying our new trading system with the safest ever cold wallet solution. We will finish it in 24-48 hours", the exchange just tweeted.

As it is very uncommon for one to hear about hackings into cold wallets, some believe that the theft may have been an inside job. The company did not reveal any further detail as to how the new wallet solution will be more secure.