cross linking this:
https://twitter.com/wizsecurity
Topic: BTC-e hacked ?? - page 121. (Read 199719 times)
"The detainee was held on four counts of running an unlicensed money-transfer operation, conspiracy, money laundering in violation of 17 acts in the U.S. criminal code, and transactions in cash acquired through illicit means." - http://www.reuters.com/article/us-greece-russia-arrest-bitcoin-idUSKBN1AB27W
Well shit. The chances of them opening up the site with such allegations being investigated are really slim.
Why is the server actually down is the question. If the authorities have somehow taken it down then it won't be back up but that's bullshit. That's like seizing the entire stockmarket because some of the traders were using funds obtained from crime. But worse still, I think it's a safe bet that every single exchange that exists has been used by criminals to launder coins they stole or got from darknet markets. So can the government just go seize any exchange they want whenever they want?
You're right. Think about all the illegally obtained money which goes into the NYSE and Nasdaq exchanges, the true number is probably in the trillions. Not to mention all the money the PPT pours into the stock exchanges to keep them propped up.
Well shit. The chances of them opening up the site with such allegations being investigated are really slim.
If they don't open the exchange and allow users to withdrawal their coins their also fucked. It's a messy situation but in the end I think the majority of us users just want our coins back. And if BTC-E decides to run off, they can expect many users to come after them. So, just open the website and let us withdrawal.
"The detainee was held on four counts of running an unlicensed money-transfer operation, conspiracy, money laundering in violation of 17 acts in the U.S. criminal code, and transactions in cash acquired through illicit means." - http://www.reuters.com/article/us-greece-russia-arrest-bitcoin-idUSKBN1AB27W
Well shit. The chances of them opening up the site with such allegations being investigated are really slim.
Why is the server actually down is the question. If the authorities have somehow taken it down then it won't be back up but that's bullshit. That's like seizing the entire stockmarket because some of the traders were using funds obtained from crime. But worse still, I think it's a safe bet that every single exchange that exists has been used by criminals to launder coins they stole or got from darknet markets. So can the government just go seize any exchange they want whenever they want?
Isn't xbtce.com owned by the same company that owns btc-e.com?
The xbtce.com site is online and functioning.
The xbtce.com site is online and functioning.
No, it's not
I remember seeing several links on btc-e.com to xbtce.com. In fact I think there was like a permanent link on the right sidebar of btc-e.com linking to xbtce.com
Isn't xbtce.com owned by the same company that owns btc-e.com?
The xbtce.com site is online and functioning.
The xbtce.com site is online and functioning.
No, it's not
Yes it is.
Isn't xbtce.com owned by the same company that owns btc-e.com?
The xbtce.com site is online and functioning.
The xbtce.com site is online and functioning.
No, it's not
"The detainee was held on four counts of running an unlicensed money-transfer operation, conspiracy, money laundering in violation of 17 acts in the U.S. criminal code, and transactions in cash acquired through illicit means." - http://www.reuters.com/article/us-greece-russia-arrest-bitcoin-idUSKBN1AB27W
Well shit. The chances of them opening up the site with such allegations being investigated are really slim.
Isn't xbtce.com owned by the same company that owns btc-e.com?
The xbtce.com site is online and functioning.
The xbtce.com site is online and functioning.
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.
My god i'm over
Over what?
Your girlfriend, over drugs, overcooked?
Any info how much was on btce?
Anybody has some data at least about their buy/sell walls?
Pretty crappy timing really. I imagine quite a lot of people pumped their bitcoins into the exchange to try and make a profit from expected big rises and falls in Bitcoin price leading up to Aug 1st and beyond. Now they've potentially all gone up in smoke 
Got greedy... got f****
2) Look up who made the arrest (local police, FBI, whatever it might be)
Local police, acting on a U.S. warrant.More than the arrest itself, will they seize the servers, wallets data?
Seeing the website is still running probably they haven't yet managed to do it yet.
Pretty crappy timing really. I imagine quite a lot of people pumped their bitcoins into the exchange to try and make a profit from expected big rises and falls in Bitcoin price leading up to Aug 1st and beyond. Now they've potentially all gone up in smoke
Even if some people did use it for laundering BTC obtained from illegal sources, I'd say a vast majority of the users are legitimate. I'm not sure exactly what the allegations are, but it sounds like the arrest is due to money laundry. If they indeed had anything at all to do with helping with this, or if they are just arrested because the site itself is used for this purpose nobody knows. But I'd like to think the best course of action would be
"The detainee was held on four counts of running an unlicensed money-transfer operation, conspiracy, money laundering in violation of 17 acts in the U.S. criminal code, and transactions in cash acquired through illicit means." - http://www.reuters.com/article/us-greece-russia-arrest-bitcoin-idUSKBN1AB27W
2) Look up who made the arrest (local police, FBI, whatever it might be)
Local police, acting on a U.S. warrant. Even if some people did use it for laundering BTC obtained from illegal sources, I'd say a vast majority of the users are legitimate. ...... But I'd like to think the best course of action would be:
1) Wait for information about why it's shut down
2) Look up who made the arrest (local police, FBI, whatever it might be)
3) Issue some joint user statement about the funds being held captive, petition them to release all funds not connected to suspected accounts
+1
I know there are apparently people who specialize in recovering lost wallets and tracking tumbled funds on the blockchain. There must be more people like me who had a lot, but not most of our money on BTC-e. Perhaps we can discuss how we might go about hiring people who might be able to help us. There must be people more knowledgeable than I am about this stuff out there who could at least help investigate where the money is and possibly who has control of it. I just happen to have a screen shot of my finances right before it shut down. People probably still have cookies on their computers from the last time they looked at their finance pages in case the user info can't be recovered.
Maybe I'm just being optimistic, but if anyone has any ideas, lets start brainstorming together.
Maybe I'm just being optimistic, but if anyone has any ideas, lets start brainstorming together.
I'm one of the people that happened to have most of my funds on there when it went down
.Even if some people did use it for laundering BTC obtained from illegal sources, I'd say a vast majority of the users are legitimate. I'm not sure exactly what the allegations are, but it sounds like the arrest is due to money laundry. If they indeed had anything at all to do with helping with this, or if they are just arrested because the site itself is used for this purpose nobody knows. But I'd like to think the best course of action would be:
1) Wait for information about why it's shut down
2) Look up who made the arrest (local police, FBI, whatever it might be)
3) Issue some joint user statement about the funds being held captive, petition them to release all funds not connected to suspected accounts
Although it still feels like a long shot.
I know there are apparently people who specialize in recovering lost wallets and tracking tumbled funds on the blockchain. There must be more people like me who had a lot, but not most of our money on BTC-e. Perhaps we can discuss how we might go about hiring people who might be able to help us. There must be people more knowledgeable than I am about this stuff out there who could at least help investigate where the money is and possibly who has control of it. I just happen to have a screen shot of my finances right before it shut down. People probably still have cookies on their computers from the last time they looked at their finance pages in case the user info can't be recovered.
Maybe I'm just being optimistic, but if anyone has any ideas, lets start brainstorming together.
Maybe I'm just being optimistic, but if anyone has any ideas, lets start brainstorming together.
Those money are gone. Bye!
You can brainstorm whatever you want how long you want you won't be able to get a satoshi.
It's either that his friends emptied the vault or the fed will get those coins.
How much did you lost?
Even though the 400$ I had in is a significant ammount for a very low end user like me. I still feel very fortunate compared to others. Hopefully we have good news and we can all get our money back.
i lost a few thousands but you cracked me with "low end user"
should I ask ... what he uses?
Even though the 400$ I had in is a significant ammount for a very low end user like me. I still feel very fortunate compared to others. Hopefully we have good news and we can all get our money back.
i lost a few thousands but you cracked me with "low end user"
I know there are apparently people who specialize in recovering lost wallets and tracking tumbled funds on the blockchain. There must be more people like me who had a lot, but not most of our money on BTC-e. Perhaps we can discuss how we might go about hiring people who might be able to help us. There must be people more knowledgeable than I am about this stuff out there who could at least help investigate where the money is and possibly who has control of it. I just happen to have a screen shot of my finances right before it shut down. People probably still have cookies on their computers from the last time they looked at their finance pages in case the user info can't be recovered.
Maybe I'm just being optimistic, but if anyone has any ideas, lets start brainstorming together.
Maybe I'm just being optimistic, but if anyone has any ideas, lets start brainstorming together.
Between this and the BitcoinCash attack the price of Bitcoin is holding up pretty well so far, all things considering. There's more to this then a "maintenance event" though....
There's no "attack". It's called free market at work. Holy hell some of you.
Yeah, I would expect you to say as much, given your role as one of the assault troopers.
BTC-e Connected to Bitcoin Money Laundering Arrest in Greece
"A representative for BTC-e did not respond to a request for comment via Skype."
https://www.coindesk.com/btc-e-connected-bitcoin-money-laundering-arrest-greece/
"A representative for BTC-e did not respond to a request for comment via Skype."
https://www.coindesk.com/btc-e-connected-bitcoin-money-laundering-arrest-greece/
Coindesk can not be reached at the moment probably due to overload caused by this news. There is just a notice: "One or more database tables are unavailable. The database may need to be repaired." or cloudfare notice.
Is Coindesk hacked or some admin over there is too nervous and clicked wrong buttons?!
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