All other unlicensed exchanges are now facing the same danger as it is happening to BTC-e.
US can issue arrest warrant to any of exchanges and their operators (owners and employees) will be arrested when they step into any country that have signed a treaty I have mentioned above.
Lets just hope that BTC-e owners considered this possibility and that they have a way to get out of this. If not, all unlicensed exchanges might close their businesses, at least for US citizens.
Topic: BTC-e hacked ?? - page 114. (Read 199719 times)
This is the first time some of my coins and money (approx. 5 BTC + $8000) might be gone... but I am quite calm. My instincts say that the game is far from being over.
1.) Client funds and coins are not compromised.
2.) Admins are in control of the site.
3.) Admins are trying to get the site back to business. Why would they be lying?
4.) A well known exchange is a gold mine.
5.) Taking the clients money/coins and run sounds too risky. Some powerful whales have millions of dollars at BTC-E. No fun to hide from them the rest of your live.
5.) US taking down the biggest russian exchange? Putin never misses a chance kicking US's ass. He might interfere some way.
I think there is at least a 50% chance that BTC-E restarts business in the near future. Let's just wait and see what happens.
1.) Client funds and coins are not compromised.
2.) Admins are in control of the site.
3.) Admins are trying to get the site back to business. Why would they be lying?
4.) A well known exchange is a gold mine.
5.) Taking the clients money/coins and run sounds too risky. Some powerful whales have millions of dollars at BTC-E. No fun to hide from them the rest of your live.
5.) US taking down the biggest russian exchange? Putin never misses a chance kicking US's ass. He might interfere some way.
I think there is at least a 50% chance that BTC-E restarts business in the near future. Let's just wait and see what happens.
Look guys, lessons to be learnt and learn them well. Whatever the reasons, we know now as we have been told many times: do not store your coins in exchanges/sites/casinos unless they're needed there for trading/investment.
I myself have substantial (for me) amounts in trading, lending and investment but that's also subject to diversification. I know any of them could close shop at any time. What you need, keep securely.
I do feel bad for traders of course... I would definitely feel the hurt if a few of my trades are eaten should one of my exchanges die like this.
I myself have substantial (for me) amounts in trading, lending and investment but that's also subject to diversification. I know any of them could close shop at any time. What you need, keep securely.
I do feel bad for traders of course... I would definitely feel the hurt if a few of my trades are eaten should one of my exchanges die like this.
It makes no particular sense
There are quite a few "other exchange sites" out there, and how many of us are using them? On the other hand, if they get off cheap (read the clients' funds are intact), they could just fire up their servers in some really neutral country like Switzerland (or even in Mother Russia herself, which would be the best option if they manage to negotiate favorable terms with the Russian authorities). Btc-e has a name, and if they keep the money of their clients in complete safety, they will get away even stronger, as someones who successfully and rightfully fucked up Uncle Sam himself. I also don't think that this is the end of Btc-e (I don't have a financial stake in the affair but I can certainly feel your pain)
There is also a political angle, what are the first two words of the U.S. Attorney’s Office press release?
https://www.justice.gov/usao-ndca/pr/russian-national-and-bitcoin-exchange-charged-21-count-indictment-operating-alleged
They are "Russian National" that's right, they set the prejudicial tone from square one.
The indictment is political
If it is really so, it may backfire heavily
The obvious means of retaliation would be granting a "political" asylum to Btc-e in Russia itself (after all, it is considered a Russian exchange anyway), and if the admins managed to keep the exchange funds safe (which might well be the case), that would be a heavy blow to the US policy of punishing everyone who comes across them, and would as well give plenty of credit to Russia in general and to Putin personally. I would be surprised if they didn't catch the opportunity. It kinda looks American financial and political elites didn't quite think through the consequences of their actions (though the latter remains to be seen yet)
My 2 cents?
is all organized, they'll cash in BCC and magically in august BTC-E will be up and BCC/BTC USD/BCC pairs appear,
my take is that exchanges will control the majority of BCC.
in this scenario will bve possible a BCC takeover BTC
is all organized, they'll cash in BCC and magically in august BTC-E will be up and BCC/BTC USD/BCC pairs appear,
my take is that exchanges will control the majority of BCC.
in this scenario will bve possible a BCC takeover BTC
It makes no particular sense
There are quite a few "other exchange sites" out there, and how many of us are using them? On the other hand, if they get off cheap (read the clients' funds are intact), they could just fire up their servers in some really neutral country like Switzerland (or even in Mother Russia herself, which would be the best option if they manage to negotiate favorable terms with the Russian authorities). Btc-e has a name, and if they keep the money of their clients in complete safety, they will get away even stronger, as someones who successfully and rightfully fucked up Uncle Sam himself. I also don't think that this is the end of Btc-e (I don't have a financial stake in the affair but I can certainly feel your pain)
There is also a political angle, what are the first two words of the U.S. Attorney’s Office press release?
https://www.justice.gov/usao-ndca/pr/russian-national-and-bitcoin-exchange-charged-21-count-indictment-operating-alleged
They are "Russian National" that's right, they set the prejudicial tone from square one.
The indictment is political.
i THINK some people like give yourselves fake hope 
BTC-E team all are thief . if they want return all members want withdraw their coins or their funds .. its certain ... is it possible ? withdraw for close to 100000 member for example ?
any body can trust to them after this events ?
i am sure they never back ... they pay fine and enjoy of your funds for some month in bahama and then maybe make another exchange site with different name ...
BTC-E team all are thief . if they want return all members want withdraw their coins or their funds .. its certain ... is it possible ? withdraw for close to 100000 member for example ?
any body can trust to them after this events ?
i am sure they never back ... they pay fine and enjoy of your funds for some month in bahama and then maybe make another exchange site with different name ...
It makes no particular sense
There are quite a few "other exchange sites" out there, and how many of us are using them? On the other hand, if they get off cheap (read the clients' funds are intact), they could just fire up their servers in some really neutral country like Switzerland (or even in Mother Russia herself, which would be the best option if they manage to negotiate favorable terms with the Russian authorities). Btc-e has a name, and if they keep the money of their clients in complete safety, they will get out of this even stronger, as someones who successfully and rightfully fucked up Uncle Sam himself. I also don't think that this is the end of Btc-e (I don't have a financial stake in the affair but I can certainly feel your pain)
I have a verified account, I pay my taxes and am not a US Citizen. Call it denial, but I'll keep some hope until the rektening is final.
I'll be very surprised if they ever come back online.
Sure it looks like someone else has access to the servers, that could be good news, but put yourself in their place.
At the moment they may still be anonymous, but your partner in crime knows who you are and he's probably going to tell the authorities everything in the coming days/weeks/months.
Also you know you are now a target of the US, so why set up again and give them more chances to find you, much easier to take the coins you already have and stay out of their way, I expect the 5-10 days note is just buying them time to wrap things up.
Sure it looks like someone else has access to the servers, that could be good news, but put yourself in their place.
At the moment they may still be anonymous, but your partner in crime knows who you are and he's probably going to tell the authorities everything in the coming days/weeks/months.
Also you know you are now a target of the US, so why set up again and give them more chances to find you, much easier to take the coins you already have and stay out of their way, I expect the 5-10 days note is just buying them time to wrap things up.
Does anybody notice newbie accounts posting negative things in this thread? it's fishy and sounds like fud. (I do know the news of arrest of alex is real).
Hope that's a lesson for the majority, to use the centralized exchanges only for a couple of hours max. and then sent the coins back to their private wallets,
or even better just use **decentralized exchanges** like the very well known bitshares,openledger,nxt,counterparty,nxt,nvo(soon),bitsquare,akasha(soon),0x(soon),exscudo(soon),openANX(soon),waves, and so many more in the works!
They still have not enormous volumes but if we switch to them, "problem" is solved.
Begin to use them guys, it's the only way to win the battle against the governments and keep our hard earnings somewhere safe.
or even better just use **decentralized exchanges** like the very well known bitshares,openledger,nxt,counterparty,nxt,nvo(soon),bitsquare,akasha(soon),0x(soon),exscudo(soon),openANX(soon),waves, and so many more in the works!
They still have not enormous volumes but if we switch to them, "problem" is solved.
Begin to use them guys, it's the only way to win the battle against the governments and keep our hard earnings somewhere safe.
Given the US is trying to bring about sanctions on Russia
https://www.reuters.com/article/us-usa-trump-russia-kremlin-idUSKBN1AB1Q3
and the arrested person is a Russian citizen, what are the chances Russia fires up over this and it turns into a real @#$%fight.
https://www.reuters.com/article/us-usa-trump-russia-kremlin-idUSKBN1AB1Q3
and the arrested person is a Russian citizen, what are the chances Russia fires up over this and it turns into a real @#$%fight.
Zero chance.
Well I managed to dodge 2 bullets, got out a month before Gox went down and a couple of months before Cryptsy but 3rd time unlucky on BTC-e 
I had around 10k invested in BTC and Eth.
I guess it all depends too if BTC-e has money in bank accounts other assets etc. They must have made a crapload of profit over the years, so holding on to hope that somehow we can get at least some of our investment back.
If all else fails what are the chances of a class action or the likes happening. Why should innocent investors get shafted because of a minority breaking the "law"
I had around 10k invested in BTC and Eth.
I guess it all depends too if BTC-e has money in bank accounts other assets etc. They must have made a crapload of profit over the years, so holding on to hope that somehow we can get at least some of our investment back.
If all else fails what are the chances of a class action or the likes happening. Why should innocent investors get shafted because of a minority breaking the "law"
this is most probably not a hack but instead a problem with the law. things like money laundering that the news say come to mind.
in that case you may get the "lawsuit" not the btc-e because you were trading cryptocurrencies there anonymously without reporting your taxes!
as far as your money is concerned if you have not been doing anything illegal and paid your taxes you may have a hope in getting it back.
Given the US is trying to bring about sanctions on Russia
https://www.reuters.com/article/us-usa-trump-russia-kremlin-idUSKBN1AB1Q3
and the arrested person is a Russian citizen, what are the chances Russia fires up over this and it turns into a real @#$%fight.
https://www.reuters.com/article/us-usa-trump-russia-kremlin-idUSKBN1AB1Q3
and the arrested person is a Russian citizen, what are the chances Russia fires up over this and it turns into a real @#$%fight.
Lesson learned hopefully.. Never store your funds with someone else.. This is basic Crypto 101 and everyone needs to practice it. All these years that have passed with so many people losing their coins to exchanges and people still haven't learned to keep their coins in their own wallets.
If people want to be stupid and store thousands of dollars on someone else's website then I say they are idiots and their loss is their own fault.
If people want to be stupid and store thousands of dollars on someone else's website then I say they are idiots and their loss is their own fault.
Thanks for the really unhelpful comment!
We werent storing coins there - we were trading them!
You cannot trade from cold storage...
i THINK some people like give yourselves fake hope
BTC-E team all are thief . if they want return all members want withdraw their coins or their funds .. its certain ... is it possible ? withdraw for close to 100000 member for example ?
any body can trust to them after this events ?
i am sure they never back ... they pay fine and enjoy of your funds for some month in bahama and then maybe make another exchange site with different name ...
BTC-E team all are thief . if they want return all members want withdraw their coins or their funds .. its certain ... is it possible ? withdraw for close to 100000 member for example ?
any body can trust to them after this events ?
i am sure they never back ... they pay fine and enjoy of your funds for some month in bahama and then maybe make another exchange site with different name ...
Well I managed to dodge 2 bullets, got out a month before Gox went down and a couple of months before Cryptsy but 3rd time unlucky on BTC-e
I had around 10k invested in BTC and Eth.
I guess it all depends too if BTC-e has money in bank accounts other assets etc. They must have made a crapload of profit over the years, so holding on to hope that somehow we can get at least some of our investment back.
If all else fails what are the chances of a class action or the likes happening. Why should innocent investors get shafted because of a minority breaking the "law"
I had around 10k invested in BTC and Eth.
I guess it all depends too if BTC-e has money in bank accounts other assets etc. They must have made a crapload of profit over the years, so holding on to hope that somehow we can get at least some of our investment back.
If all else fails what are the chances of a class action or the likes happening. Why should innocent investors get shafted because of a minority breaking the "law"
The last update they gave on their twitter doesn't look promising, I have some doubts, I believe they are trying to buy some time to vanish once for all, 5-10 days is enough to make them use multiple exchanges and hide their tracks, and since their identity is not known, this make things much easier.
I think it'll all work out. Let them figure stuff out. Probably after 1 Aug it'll all be up and running.
They seized one admin, now probably the team is playing the waiting game until they see what they are really up against.
My guess? They take all the users funds, buy coins, wait for aug 1 and a few days later, reap $100M+ in profits and pay off the fines. But I'm really not sure how they would start up the site again if it's deemed illegal.
Nah, they would dispute the validity of the charges.
I still don't understand why the exchange shut down, unless their hosting was cut off as part of the Vinnik arrest, though the servers were not in Greece.
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