Topic: BTC-E Down since 25.07.2017 (Read 3636 times)
I can be that guy who will represent the interests of all victims. I can move around the Europe and US, meet with lawyers, help with documents and keep up do date everybody.
My benefits in it is you pay for a visas, tickets, accomodation and food(i'm okay to live in hostels)
Yeah. Basically BTC-e got seize by the feds. They are saying on their official twitter page that the site will be up in about 10 days maximum time but i really really doubt it. This was bound to happen though because they were simply violating way too many KYC laws and AML laws.
The situation though is pretty much still quite unknown... All we know is that nobody can redeem BTC-e codes anymore, and nobody can access the funds. All you can do is to hope for the best but prepare for the worst.
This is another reason you should NOT use exchanges as a wallet to store your funds with. I mean that's just stupid when you can hold your own private keys in a desktop wallet, you're taking an unnecessary risk.
Yes, the desktop wallet is more secure than using exchanges as a wallet in storing fund, but since desktop wallet is still connected to the internet then I The situation though is pretty much still quite unknown... All we know is that nobody can redeem BTC-e codes anymore, and nobody can access the funds. All you can do is to hope for the best but prepare for the worst.
This is another reason you should NOT use exchanges as a wallet to store your funds with. I mean that's just stupid when you can hold your own private keys in a desktop wallet, you're taking an unnecessary risk.
think it's still unsafe. Well, it's okay if you're just storing a small amount of Bitcoin and other digital currencies but for a larger amount of Bitcoin, I would
recommend using hardware wallet, something like TREZOR, Ledger Nano S, and KeepKey.
Yeah. Basically BTC-e got seize by the feds. They are saying on their official twitter page that the site will be up in about 10 days maximum time but i really really doubt it. This was bound to happen though because they were simply violating way too many KYC laws and AML laws.
I honestly never saw it that way, since KYC was always required to move fiat money off the site. If this is true, then Bitfinex and Kraken must be at risk for similar action, because they (like BTC-e) allow unverified users to deposit/withdraw crypto and trade fiat markets, and they also allow US residents.
Yeah. Basically BTC-e got seize by the feds. They are saying on their official twitter page that the site will be up in about 10 days maximum time but i really really doubt it. This was bound to happen though because they were simply violating way too many KYC laws and AML laws.
The situation though is pretty much still quite unknown... All we know is that nobody can redeem BTC-e codes anymore, and nobody can access the funds. All you can do is to hope for the best but prepare for the worst.
This is another reason you should NOT use exchanges as a wallet to store your funds with. I mean that's just stupid when you can hold your own private keys in a desktop wallet, you're taking an unnecessary risk.
The situation though is pretty much still quite unknown... All we know is that nobody can redeem BTC-e codes anymore, and nobody can access the funds. All you can do is to hope for the best but prepare for the worst.
This is another reason you should NOT use exchanges as a wallet to store your funds with. I mean that's just stupid when you can hold your own private keys in a desktop wallet, you're taking an unnecessary risk.
Okay, now we have 2 transactions from main BTC-E Ethereum address (https://etherscan.io/address/0x8eb3fa7907ad2ef4c7e3ba4b1d2f2aac6f4b5ae6)
It's all been moved... but that still doesn't mean anything. The authorities could have moved it. Or BTC-e admins could have moved it. Or it could have been a dead man's switch / new automatic wallet creation. We really have no idea.
We'll see if the US government announces seizure of funds at some point... it's pretty embarrassing for them if they don't.
The sad thing is that we all must accept this loss and move on, I think. If you were the owners, would you relaunch, and start playing a cat-and-mouse game with US law enforcement? They were a very big exchange with millions of users and lots of fiat and crypto liabilities. I hate to say it, but I just don't think relaunching is sensible from the perspective of the current owners/admins. The only way I see it working is if, by some miracle, the Russian government steps in to protect its residents on the exchange. But that's unlikely, since Russia banned BTC-e.com long ago to its residents...
Okay, now we have 2 transactions from main BTC-E Ethereum address (https://etherscan.io/address/0x8eb3fa7907ad2ef4c7e3ba4b1d2f2aac6f4b5ae6)
It's all been moved... but that still doesn't mean anything. The authorities could have moved it. Or BTC-e admins could have moved it. Or it could have been a dead man's switch / new automatic wallet creation. We really have no idea.
We'll see if the US government announces seizure of funds at some point... it's pretty embarrassing for them if they don't.
Okay, now we have 2 transactions from main BTC-E Ethereum address (https://etherscan.io/address/0x8eb3fa7907ad2ef4c7e3ba4b1d2f2aac6f4b5ae6)
It's all been moved... but that still doesn't mean anything. The authorities could have moved it. Or BTC-e admins could have moved it. Or it could have been a dead man's switch / new automatic wallet creation. We really have no idea.
We'll see if the US government announces seizure of funds at some point... it's pretty embarrassing for them if they don't.
Okay, now we have 2 transactions from main BTC-E Ethereum address (https://etherscan.io/address/0x8eb3fa7907ad2ef4c7e3ba4b1d2f2aac6f4b5ae6)
The most important is that even ISIS possibly(!) can be financed with BTC-E(xBTCe) money scheme.
ISIS has been funded through mainline BANKS since it started.
So its finally confirmed that the owner of BTC-e was already arrested of suspicion of money laundering. And the hacked funds from Mt. Gox was being liquidated on BTC-e exchange. So I think that the case is strong now and sad to say that we won't see BTC-e soon. So if you have funds in that exchange, its gonna be bye bye. Although I'm not sure if the servers are located in Russia, if it is then US could have a hard time getting it for forensics to help them in their investigations.
Nobody knows for sure where the servers were located. It is likely that the US authorities seized servers, but the easiest servers to locate could easily just have been running scripts back to remote servers (location unknown to the authorities). They are unlikely to be in Russia, as the Russian Federation banned BTC-E -- this is why Russians mainly use btc-e.nz rather than the .com domain.
Today we still have xBTCe, for sure they are affiliated with BTC-E(in fact it's the same people trying to hide behind it). I hope FBI already working on how to catch and judge this people right in CZ (blink), they also can hide on russian territory. The most important is that even ISIS possibly(!) can be financed with BTC-E(xBTCe) money scheme. The most sad fact is that miners and traders lost they money for nothing, and I am one of them. Ciao, BTC-E!
So its finally confirmed that the owner of BTC-e was already arrested of suspicion of money laundering. And the hacked funds from Mt. Gox was being liquidated on BTC-e exchange. So I think that the case is strong now and sad to say that we won't see BTC-e soon. So if you have funds in that exchange, its gonna be bye bye. Although I'm not sure if the servers are located in Russia, if it is then US could have a hard time getting it for forensics to help them in their investigations.
Nobody knows for sure where the servers were located. It is likely that the US authorities seized servers, but the easiest servers to locate could easily just have been running scripts back to remote servers (location unknown to the authorities). They are unlikely to be in Russia, as the Russian Federation banned BTC-E -- this is why Russians mainly use btc-e.nz rather than the .com domain.
So its finally confirmed that the owner of BTC-e was already arrested of suspicion of money laundering. And the hacked funds from Mt. Gox was being liquidated on BTC-e exchange. So I think that the case is strong now and sad to say that we won't see BTC-e soon. So if you have funds in that exchange, its gonna be bye bye. Although I'm not sure if the servers are located in Russia, if it is then US could have a hard time getting it for forensics to help them in their investigations.
If they really are down due to moneylaundering concerns it will be a serious blow to bitcoin.
Btc-e servers are in russia. Russia's policies are very different from those of western nations. They don't support massive numbers of illegal immigrants migrating into russia. They chose to embrace technologies like blockchain. The opposite of what the united states is doing with senate bill 1241. I think russia also does not have the restrictive and oppressive programs implemented by the west to "prevent" money laundering.
Truth be told, HSBC bank has been caught laundering money for drug cartels, terrorists and other illicit groups for more than a decade. Its easy to find evidence proving this via google. No effort has ever been made to stop them.
Remember most if not all the major hackers have ties in Russia.
Just look at the wannacry creators.
Those are the biggest hackers out there since they have tools the fbi use so they know all their tricks and secrets already if they want to hack them and their sites.
https://www.justice.gov/usao-ndca/pr/russian-national-and-bitcoin-exchange-charged-21-count-indictment-operating-alleged
Thanks to FBI and i hope to see my (not so big) money soon
Thanks to FBI and i hope to see my (not so big) money soon
Wishful thinking. BTC-e are not in the US.
You can't seize crypto, that's the whole point. The person that has the private keys is the only one with access.
They could freeze the fiat bank accounts, but even then, BTC-e was not operating in the US, it's in Bulgaria part of the EU, so how do they make US charges stick? If BTC-e had an office in the US that's would count, but the don't.
https://www.justice.gov/usao-ndca/pr/russian-national-and-bitcoin-exchange-charged-21-count-indictment-operating-alleged
Thanks to FBI and i hope to see my (not so big) money soon
Thanks to FBI and i hope to see my (not so big) money soon
Wishful thinking. BTC-e are not in the US.
You can't seize crypto, that's the whole point. The person that has the private keys is the only one with access.
They could freeze the fiat bank accounts, but even then, BTC-e was not operating in the US, it's in Bulgaria part of the EU, so how do they make US charges stick? If BTC-e had an office in the US that's would count, but the don't.
https://www.justice.gov/usao-ndca/pr/russian-national-and-bitcoin-exchange-charged-21-count-indictment-operating-alleged
Thanks to FBI and i hope to see my (not so big) money soon
Thanks to FBI and i hope to see my (not so big) money soon
Wishful thinking. BTC-e are not in the US.
https://www.justice.gov/usao-ndca/pr/russian-national-and-bitcoin-exchange-charged-21-count-indictment-operating-alleged
Thanks to FBI and i hope to see my (not so big) money soon
Thanks to FBI and i hope to see my (not so big) money soon
Wishful thinking. BTC-e are not in the US.
https://www.justice.gov/usao-ndca/pr/russian-national-and-bitcoin-exchange-charged-21-count-indictment-operating-alleged
Thanks to FBI and i hope to see my (not so big) money soon
Thanks to FBI and i hope to see my (not so big) money soon
If they really are down due to moneylaundering concerns it will be a serious blow to bitcoin.
Btc-e servers are in russia. Russia's policies are very different from those of western nations. They don't support massive numbers of illegal immigrants migrating into russia. They chose to embrace technologies like blockchain. The opposite of what the united states is doing with senate bill 1241. I think russia also does not have the restrictive and oppressive programs implemented by the west to "prevent" money laundering.
Truth be told, HSBC bank has been caught laundering money for drug cartels, terrorists and other illicit groups for more than a decade. Its easy to find evidence proving this via google. No effort has ever been made to stop them.
Newest tweet @ around 18:43 UTC july 27:
Update2: Ha дaнный мoмeнт вeдyтcя paбoты пo вoccтaнoвлeнию paбoты cepвиca. Пpимepныe cpoки oт 5 дo 10 днeй. Cпacибo зa пoнимaниe
From Google translate:
Update2: At the moment, work is underway to restore the service. Approximate terms from 5 to 10 days. Thank you for understanding
Update2: Ha дaнный мoмeнт вeдyтcя paбoты пo вoccтaнoвлeнию paбoты cepвиca. Пpимepныe cpoки oт 5 дo 10 днeй. Cпacибo зa пoнимaниe
From Google translate:
Update2: At the moment, work is underway to restore the service. Approximate terms from 5 to 10 days. Thank you for understanding
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