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Btc-e Seized

Btc-e Says It Will Return Customers' Bitcoins After Being Shut Down By Doj

Btc-e Says It Will Return Customers' Bitcoins After Being Shut Down By Doj

BTC-E Says It Will Return Customers' Bitcoins After Being Shut Down By DOJ In what would be a surprising achievement, after the US government seized the site's domain, BTC-e announced that it has somehow retained access to customer wallets and deposits nearly two weeks after the site was taken down by a collaboration between US and European authorities. The announcement was published on a bitcoin forum account long associated with the shadowy exchange, so theres no guarantee that it represents an official statement from the company, or whatevers left of it. Authorities arrested the BTC-es alleged founder, Russian-born Alexander Vinnik, in Greece late last month after unveiling a 21-count indictment against Vinnik and BTC-e, which included a $110 million fine for the mysterious digital-currency exchange, as we reported. The full statement is below, translated from the original Russian by Google. Vinnik was accused of using the exchange to operate a $4 billion money laundering scheme using cryptocurrency. According to the indictment, Vinnik helped the hackers who stole tens of thousands of customer bitcoins from Mt. Gox in the largest, and probably most infamous, cybertheft in digital-currency history. The Feds described BTC-e as the exchange of choice to convert digital currencies like bitcoin to fiat money for the criminal world, especially by those who committed their crimes online. This isnt the first statement purportedly released by BTC-e since Vinniks arrest. A day after the site was seized, the same account published a note assuring customers that they would get their money back. Of course, that didnt stop some on twitter from making uncomfortable Mt. Gox comparisons. SirMeow UASF BIP148 (@OneSirMeow) July 27, 2017 Continue reading >>

Is Btc-e Back? Troubled Exchange Enables User Log-ins Weeks After Crackdown

Is Btc-e Back? Troubled Exchange Enables User Log-ins Weeks After Crackdown

BTC-e, the bitcoin exchange chargedby US authorities last month with a host of money laundering crimes, has launched a new website weeks after its original one was seized by law enforcement. The site is accessible throughthe domainbtc-e.nz, though it appears that users in some parts of the world, including the U.S., are not able to log in. CoinDesk was able to access the domain through the use of a virtual private network, or VPN. For now, users appear to belimited to being able to check their funds balances and post messages in the BTC-e chat box. In a post on the Bitcoin Talk forum yesterday, a representative for the exchange said that user access would form part of a broader relaunch plan that will see BTC-e rebrand under the auspices of what they say will be a regulated investment firm. At press time,3,239 users of the site are logged in, according to statistics posted on the BTC-e page. As CoinDesk previously reported, Greek authorities acting on a US warrant arrested a Russian national last month who they alleged helped operated the BTC-e exchange an accusation that representatives for BTC-e later denied. After its domain had been seized and an indictment was handed down by US prosecutors, those left in control took to a long-used Bitcoin Talk account to announce a revival plan. Part of that plan, as reported at the time, involves the launch of a debt token aimed at recouping some of the losses for users. An update on the new BTC-e page recommended that users reset their security settings, given the recent movesby US authorities. "Because of the seizure of the data, there is a high risk that it has been compromised. That is why in order to protect your funds, you need to refresh the security settings," the message states. CoinDesk will continue monitoring this de Continue reading >>

Btc-e Seized By Us Government : Bitcoin

Btc-e Seized By Us Government : Bitcoin

Do not use URL shortening services: always submit the real link. Begging/asking for bitcoins is absolutely not allowed, no matter how badly you need the bitcoins. Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy. News articles that do not contain the word "Bitcoin" are usually off-topic. This subreddit is not about general financial news. Submissions that are mostly about some other cryptocurrency belong elsewhere. For example, /r/CryptoCurrency is a good place to discuss all cryptocurrencies. Promotion of client software which attempts to alter the Bitcoin protocol without overwhelming consensus is not permitted. Trades should usually not be advertised here. For example, submissions like "Buying 100 BTC" or "Selling my computer for bitcoins" do not belong here. /r/Bitcoin is primarily for news and discussion. Please avoid repetition /r/bitcoin is a subreddit devoted to new information and discussion about Bitcoin and its ecosystem. New merchants are welcome to announce their services for Bitcoin, but after those have been announced they are no longer news and should not be re-posted. Aside from new merchant announcements, those interested in advertising to our audience should consider Reddit's self-serve advertising system . Do not post your Bitcoin address unless someone explicitly asks you to. Be aware that Twitter, etc. is full of impersonation. Continue reading >>

Why The Feds Took Down One Of Bitcoins Largest Exchanges

Why The Feds Took Down One Of Bitcoins Largest Exchanges

Why the feds took down one of Bitcoins largest exchanges Tracing Mt. Goxs stolen coins led feds to Alexander Vinnik This week, one of Bitcoins largest and most notorious coin exchanges was brought down by law enforcement and police and prosecutors are now beginning to explain why. On Thursday, the Department of Justice unsealed an indictment against Alexander Vinnik thought to be the operator, or one of the operators of Bitcoin exchange BTC-e charging him with 21 counts of money laundering and other related financial crimes. The counts range from operating an unlicensed money transmittal business to a variety of money laundering charges, including laundering associated with ransomware payouts and a theft from the now-defunct Mt Gox exchange. More generally, the indictment paints BTC-e as a hub of criminal activity, laundering the proceeds of everything from drug trafficking to ransomware attacks. As some suspected, Vinniks alleged crimes go beyond just operating the exchange. Feds believe he played a role in the theft of more 800,000 bitcoin about $400 million at the time from Mt. Gox, a staggering loss that ultimately shuttered the exchange. According to the indictment, 530,000 of those bitcoin ended up passing through wallets controlled by or associated with Vinnik, although his role in the larger scheme remains unclear. Vinniks alleged crimes go beyond just operating a Bitcoin exchange Vinnik himself is in custody, arrested while on vacation in Greece, but the Bitcoin world is still sorting through the larger implications of his arrest. BTC-e was one of the last major exchanges outside the reach of conventional finance, and now that its gone, its unclear what might replace it. There are many legitimate uses of Bitcoin, but Bitcoin transactions have also become essen Continue reading >>

Btc-e Relaunches Under New Domain But Customers Still Cant Withdraw Money

Btc-e Relaunches Under New Domain But Customers Still Cant Withdraw Money

The BTC-E exchange is going through a very rough patch right now. After the domain being seized and its operator arrested, things arent looking good. There is a lot of confusion regarding customers getting their funds back. This is especially troubling as the exchange seemingly only controls 55% of customer funds. Surprisingly enough, the website has come online again through a New Zealand domain. However, a lot of users experience login issues right now. On the one hand, its good to see BTC-E back online. Their official domain is still seized by US authorities, though. However, the btc-e.nz domain seems to work just fine. That is, for most users, as customers from the US and a few other countries cant log in. Using a VPN will bypass this problem, although it should do only be done at your own risk. Given the US sanctions imposed on this company, US users may want to avoid using the domain right now. After all, it is safe to say this new domain is actively monitored by law enforcement officials. There isnt much functionality on the new platform either. Checking fund balances is one of the two possible features. The other comes in the form of spamming the BTC-E trollbox on the right-hand side of the platform. So far, it is evident a lot of customers are still concerned over their balances. Many people didnt get the memo about the 45% balance haircut everyone is getting. This shows the companys communication has been relatively poor since the domain seizure. Even though they communicate in Russia and through Bitcointalk, many people dont speak that language. The broader relaunch of BTC-E is scheduled to take place at an undetermined point in the future. It will also be under a new name from the look of things. So far, the plan is to become a regulated investment firm. Th Continue reading >>

Us Government Seizes Russian Bitcoin Exchange Btc-e Domain

Us Government Seizes Russian Bitcoin Exchange Btc-e Domain

US Government Seizes Russian Bitcoin Exchange BTC-e Domain In a move that perhaps epitomizes the current market climate of Bitcoin and altcoins, the US Federal Government seized the domain name belonging to BTC-e. In a move that perhaps epitomizes the current market climate of Bitcoin and altcoins, the US Federal Government seized the domain name belonging to BTC-e . After the news last week that Alex Vinnik had been arrested amid allegations that he had laundered nearly $4 bln in Bitcoin through the site, the future of the site was unclear. After the additional revelation that the stolen Mt. Gox funds had likely been laundered by the site also surfaced, the future was even more dimmed. Nevertheless, the site had told users that it would be back and fully functional within five to 10 days of the arrest of its infamous leader. However, funds were being kept by the system and were not available for withdrawal. The recent seizure of the domain name has given rise to strong concerns that the site will be permanently (or at least indefinitely) closed. The result funds associated with the many accounts on the site are still up for question. The entire process has been confusion and bizarre and has certainly hurt the state Bitcoin and cryptocurrencies generally. Continue reading >>

Fbi Implicates Several Fx Brokerages In Btc-e Investigation. Here Is Why Cryptocurrency Is A Sure Fire Way To Destroy Your Brokerage

Fbi Implicates Several Fx Brokerages In Btc-e Investigation. Here Is Why Cryptocurrency Is A Sure Fire Way To Destroy Your Brokerage

FBI implicates several FX brokerages in BTC-e investigation. Here is why cryptocurrency is a sure fire way to destroy your brokerage We detail the comprehensive sequence of events surrounding BTC-es dealings with FX firms and why your brokerage should avoid this crypto-mania. We lift the lid on a myriad of reasons to keep well clear of Bitcoin exchanges and those who operate them, and we speak to the companies involved in the FBI investigation. As if the recent plethora of completely false Initial Coin Offerings (ICO) that have infested the lower end of the retail FX trading sector as a result of malevolent binary options and small b-book firms from fringe locations have morphed into is not enough to ensure that genuine industry participants keep well away from cryptocurrency related toxicity, then this weeks occurrences should be conclusive. Whilst those in the know concur that ICO and cryptocurrency related pyramid schemes which involve completely fabricated units of non-currency to fund non-starter projects with absurd pipe dream products bear no relation whatsoever to the genuine electronic trading business, there is still a school of thought that considers Bitcoin to be a commodity, which can be traded very effectively on a retail trading platform as a bona fide asset class. This, on the face of it, may well appear to be not so far-fetched, and with the unprecedented rise in value of Bitcoin recently, many smaller retail FX firms have been far too tempted to go down the route of literally going all out on Bitcoin trading. Bitcoin, like all other virtual currencies, may well be classified as a commodity in terms of its status as a tradeable asset class, but unlike genuine commodities which are usually raw material based, Bitcoin has no issuer, has no method for pri Continue reading >>

Btc-e Users Start Petition For The Release Of Seized Money

Btc-e Users Start Petition For The Release Of Seized Money

BTC-e Users Start Petition for the Release of Seized Money The crowdfunding site change.org has recently posted a request for signatures to have the US government, and particularly the Department of Justice, release funds seized from the BTC-e site. The petition states: A few days ago a crypto currency exchange has been shutdown by the us government and a lot of innocent people lost a lot of money in the process. Yesterday the government seized the domain , and victims are not certain about the state of the funds that were previously held by the site. The seizures began after thearrestof one of the owners and administrators of the site, Alexander Vinnik. The site had been connected to the laundering of money, and specifically the stolen funds related to the MtGoxincident . There has been widespread concern regarding the jurisdiction of the US government over the domain, as well as over some of the bizarrethingsassociated with the seizure. At the time of publishing, there were 1,698 supporters after only one day. Continue reading >>

Btc-e Confirms Its Servers Seizure By The Fbi

Btc-e Confirms Its Servers Seizure By The Fbi

BTC-e confirms its servers seizure by the FBI After almost six days of silence, BTC-e, one of the most popular cryptocurrency exchanges in the world, has come out with a statement, confirming that its domain and servers were seized by Federal Bureau of Investigation. On 30 July, BTC-e published its announcement on the Bitcointalk forum. It said: On July 25, 11:00 the FBI staff came to the data center where our server equipment was located and seized all equipment, the servers contained databases and purses of our service. Almost for 6 days we could not get from our hosting provider the correct information, what happened to our servers because of this information we publish only now. On 28 July, the domain was confiscated. At the moment, part of the service facility is seized by the FBI. The next update will be information on what options are available to restore the service, as well as the procedure for obtaining funds, in the event that the service is not started. In the current situation, if the service is not started before the end of August, then from September 1 we will start the process of refunds. In the next 1-2 weeks, we will evaluate and publish information about how much money fell into the hands of the FBI and what amount of funds are available for return. For all those who buried us, I will remind you that the service has always worked on trust and we are ready to answer for it. The Arrest of the Russian Vinnyk Alexander: Officially declared - Alexander was never the head or employee of our service. The exchange stays offline for more than six days in a row. On 25 July, Reuters reported that a 38-year-old Russian Alexander Vinnyk was arrested in Greece following the relevant claim from the US authorities. He was suspected to be involved in the Mt. Gox thef Continue reading >>

Mtgox, Btc-e, And The Missing Coins: A Living Timeline Of The Greatest Cyber Crimeever

Mtgox, Btc-e, And The Missing Coins: A Living Timeline Of The Greatest Cyber Crimeever

MtGox, BTC-e, and the Missing Coins: A Living Timeline of the Greatest Cyber CrimeEver MtGox, BTC-e, and the Missing Coins: A Living Timeline ( imagecredit ) This time a year ago, one might have been forgiven for thinking that Bitcoin had exhausted its fair share of newsworthy scandals. But the past several months have proven that this technology, although no longer nascent, shows no signs of becoming boring any time soon . With the recent hardfork and the creation of the first alt-bitcoin, Bitcoin Cash (BCH) , the news of developments in the MtGox saga late last month was relegated to the status of mere background noise among media outlets covering the crypto space. This is understandable, given that increasingly few players in todays crypto ecosystem have been around long enough to remember the theft, or to have been affected by it. However, for those who have been following Bitcoin since the earlier days, any progress in solving the mystery of the MtGox heist is still considered big news. In light of recent events, namely the arrest of alleged MtGox thief Alexander Vinnik and the shutdown of BTC-e, a recap of the now-defunct MtGox exchanges ever-developing timeline is in order. January 2007 With the intention of building a website where Magic: The Gathering players could trade digital cards like stocks, software developer Jed McCaleb purchased the domain mtgox.com (Magic The Gathering Online eXchange). The site was live for around 3 months in late 2007 before McCaleb decided it was not worth his time to continue hosting. 18 July 2010 Upon learning about Bitcoin, McCaleb wrote an exchange website and launched it on the dormant mtgox.com domain name. March 2011 Unable to dedicate his time fully to the site, McCaleb sold MtGox to Mark Karpels, a French software develop Continue reading >>

Btc-e's Domain Seized By Us Authorities

Btc-e's Domain Seized By Us Authorities

The website domain of BTC-e, one of bitcoins biggest exchange until recently, has been seized by US authorities which have put up the above notice. That now confirms the exchange has been shut down following the arrest of Alexander Vinnik, an alleged operator of BTC-e accused of laundering $4 billion through the platform. That includes 300,000 bitcoins that belong to MT Gox, according to claims by the US authorities, with Mark Karpeles, the former CEO of MT Gox, calling Vinnik a thief. Vinnik, however, has apparently denied the charges after being arrested in Greece where he is awaiting extradition to the United States. As such, the matter may go to trial, with further details to be provided regarding just how exactly he laundered the Gox coins and other criminal proceeds. BTC-e itself has been fined by FinCEN $110 million, with a similar amount of bitcoins suspected of belonging to BTC-e recently on the move. US authorities have made no statement on the funds. So it remains unclear who currently has possession of the bitcoins and other assets, such as some 500,000 eth and plenty of ltc. It is probable they are on the hands of US authorities, but we will need to await official confirmation on the matter which should be expected soon if they do indeed have the funds. In which case, there would probably be some sort of claims process for legitimate users of BTC-e, but that process would probably take seven years or more. Thats probably because they would likely have to wait for the trial of Vinnik to finish if he does continue pleading non-guilty, then theyll have to analyze the addresses, movements, and all the rest to figure out who exactly was a legitimate user. All of which will likely take considerable time. But it may well be the case the assets are being held by n Continue reading >>

Btc-e Claim Illegal Seizure By Us Law Enforcement, To Recover User Funds

Btc-e Claim Illegal Seizure By Us Law Enforcement, To Recover User Funds

BTC-E Claim Illegal Seizure by US Law Enforcement, to Recover User Funds BTC-E, the oldest bitcoin exchange in the market which was seized by the US law enforcement in July due to the involvement of Alexander Vinnik, the founder of the exchange, in some of the largest bitcoin exchange hacks including the Mt. Gox and Bitcoinica incidents, is planning to recover its services and user funds by distributing BTE tokens to users. In 2016, when Bitfinex was hit with a $70 million security breach, the exchanges development team designed a solution in which users were able to claim their lost funds through the Bitfinex (BFX) tokens as time passed. In essence, users were given the right to claim their balances through company profits. Eventually, Bitfinex bought back all of the BFX tokens issued after the hack, restoring the stolen funds of users. A combination of factors has led to this seminal moment for Bitfinex, including a dramatic uptick in equity conversions; record operating results in March; and, the decision to reduce our reserves in favor of this opportunity. We are tremendously grateful to all of our customers and new shareholders for helping us get to this point. BTC-E is trying to pursue a similar plan to Bitfinex by issuing convertible BTE tokens. Users that have lost funds during the seizure of BTC-Es hot wallets and domains will be allowed to reclaim their funds through BTE tokens as BTC-E resumes its services and generates a stable source of profit. One important condition of the token-based user fund recovery system which BTC-E users must take into consideration is that like Bitfinex, BTC-E must be in operation and should be able to generate profits in order for the company to purchase back its BTE tokens like Bitfinex ultimately did. However, in July, the US Continue reading >>

Btc-e - Wikipedia

Btc-e - Wikipedia

BTC-e was a digital currency trading platform and exchange . [1] [2] It was founded in July 2011 and as of February 2015 handled around 3% of all Bitcoin exchange volume. [3] Until the 25th of July 2017, it allowed trading between the U.S.dollar , Russian ruble and euro currencies , and the bitcoin , litecoin , namecoin , novacoin, peercoin , dash and ethereum cryptocurrencies . It has been a component of the CoinDesk Bitcoin Price Index since the index started in September 2013. [4] BTC-e was operated by ALWAYS EFFICIENT LLP, [5] which is registered in London and is listed as having 2 officers: Sandra Gina Esparon and Evaline Sophie Joubert and two people with significant control: Alexander Buyanov and Andrii Shvets. [6] The US Justice Dept attempted to close down BTC-e on the 26th of July 2017 when they charged Alexander Vinnik and BTC-e in a 21-count indictment for operating an alleged international money laundering scheme and allegedly laundering funds from the hack of Mt. Gox [2] [7] . BTC-e Domain Seized by U.S. Law Enforcement BTC-e started in July 2011, handling just a few coin pairs, including Bitcoin/U.S.dollar and I0Coin to Bitcoin. By October 2011, they supported many different currency pairs, including Litecoin to dollars, Bitcoin to rubles and RuCoin to rubles. [8] During 2013 and 2014, BTC-e had many outages related to Distributed Denial of Service attacks. [9] They later began using the reverse proxy service CloudFlare to help mitigate these attacks, reducing downtime for the exchange. The BTC-e website is offline since 25 July 2017, following the arrest of BTC-e staff members and the seizure of server equipment at one of their data centres. In addition, suspected BTC-e operator Alexander Vinnik was arrested while vacationing with his family in Greece. Continue reading >>

After Fbi Takedown: Btc-e Exchange Says They Still Possess Databases And Wallets

After Fbi Takedown: Btc-e Exchange Says They Still Possess Databases And Wallets

After FBI Takedown: BTC-e Exchange Says They Still Possess Databases and Wallets According to a new post on the forumBitcointalk, the now defunct BTC-e exchange says it has control over some its servers and bitcoin wallets. At the moment, operators of the trading platform detail they are evaluating the balances. Also read: Segwit2x and the Tale of Three Bitcoins BTC-e Reveals They Are Assessing Wallets and Balances Over the past few weeks, news.Bitcoin.com has reported on the BTC-e exchange and how it was seized by U.S. law enforcement. We further detailed how the operators of the exchange released a public message, describing the FBI takedownand the possibility of customers getting their money back. According to the message, some of the purses were taken by the FBI so there could be a portion of funds that will be unavailable to BTC-e traders. On August 3 the trading platforms operators left a message in Russian stating ; We were able to access our databases and purses [wallets], we are currently assessing the data and bitcoin balance sheets, this information will be made public before the end of next week. The BTC-e trading platforms latest update written in Russian. Other Members of BTC-e Partner Businesses Arrested The U.S. Justice Department and the Financial Crimes Enforcement Network (FinCEN), have seized the trading platforms domain and claim the exchange has broken money transmission laws. Further, the indictment of the alleged BTC-e administrator, Alexander Vinnik, includes a $110M penalty against the BTC-e exchange for money laundering and illegal money transmission. BTC-e has also mentioned in its latest public message that employees from a particular company called, Mayzus Financial Services Ltd, have also been arrested for being tied to the money flow. Tr Continue reading >>

Btc-e Seized By The Fbi

Btc-e Seized By The Fbi

On July 25, BTC-e exchange, one of the oldest, frozed the price at the morning. All users were left without prior notice without being able to login on the web, without access to their funds and with their operations frozen. For his part, BTC-e from the oficial Twitter account reported an unexpected maintenance on their servers. After several hours without restoring the service, users reported a possible DDoS attack or even a hack, while btc-e did not deny or give explanations to the facts, only called the calm and reassured on Twitter. BTC-e is a Russian exchange that has always been characterized by security and robustness. Operating since 2011 with a simple interface and easy registration with no documentation to identify the user, it allowed to buy and sell Bitcoin Litecoin Namecoin Ethereum among other Cryptocurrencies. It has never been suffered a hack before. Tweet: The alarm went off when there were movements of the cold wallets of BTC-e on the same morning of July 25, on twitter circulated addresses coming from the exchange. Someone was massively withdrawing funds to multiple addresses. But what it was happening, they were being intercepted by the FBI while they arrested in parallel to an alleged ringleader of the Alexander Vinnik plot, charging him with a $ 4 billion money laundering offense. He was charged with money-laundering offenses related to Bitcoins stolen from the broken Mtgox along with a network of companies laundering money from ransomware viruses.Info about imputation here According to the information on the website; BTC-e is located in Bulgaria but subject to the legislation of Cyprus. On the other hand Canton Business Corporation Ltd is the portal management the company, located in the Seychelles islands registered with a Russian mobile phone. Continue reading >>

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