Topic: Unmasking BTC-E.com (Read 6756 times)

I knew that Mayzus bank account was with Deutsche bank. Are they banking with Komercni banka now?

Its mayzus the moneypolo provider that's accepting the wires. The same way I can have you send money to my bitstamp address, thereby having "bitstamp accept transfers on behalf of me."

There is no "scam evidences" in BTC-E. They're a legitimate business that has been operating successfully for many years. They're providing a service to the community. By reporting them to any regulatory entity all you're doing is removing that service from the community, stealing wealth from the world.

I know, all regulatory bodies are BS and many scams even among themselves, but they screw among themselves too at the same time. that's the least one/we can do, to report all the obvious scam evidences to the big boys at the upper regulatory bodies.

You think FCA cares about Mayzus existence? sure not and if there are frauds, they easily cut them off.

I am wondering about what Mayzus doing for BTC-E, accepting wires on behalf of them, is totally legal, third party acceptance is one of the money laundering methodologies actually. esp for an organization such an btc-e that is operating completely anonymous.

Mayzus FS has no such service stated on their official website.

The FCA and CySEC are BS. The CySEC might be perfectly good at helping shutting down the perfectly solvent and honest Liberty Reserve but when it comes to their own insolvent and dishonest banks they're nowhere to be seen ... 

If they don't approve of BTC-E, then all the better I say.

So many btc-e warning here and on the web  

I am not surprised, we've got into trouble with them too this week https://bitcointalksearch.org/topic/m.8042696

Anonymity and using Third parties are their best practice, my hats off to them, but that doesn't help them stay off the radar when it comes to legal action and authorities tracking them down.

They are using perfect third parties too I must admit - Mayzus group of companies again run by Russians which has its own avail for them - what are friends for huh? but these third parties are well regulated by FCA UK and CySEC Cyprus and are required to write down/certify all clients profiles and documents and pass to these regulatory bodies, these third parties will be fucked up too when the day comes with btc-e/serious authorities will be involved.

For the time being, good luck to everyone.

Those bastards ! They keep flipping my damn screen !

interested to give warn people about btc-e now . because we dont know if they has done under of hacker activity it will be really easy to crack or get a lot of money in there .
thanks op your thread . great warn to look at more good exchange .
nice update..

Why would you want to persist in this idea when your reasons for doing so have been shown to be bogus?

Are you kidding me?

Gox worked like shit up until it worked even shittier right before it finally died. People had MONTHS OF WARNING and even before that it was incredibly obvious that they were incredibly incompetent. Oh yeah, and it wasn't anonymous.

There is no more systemic risk on btc-e over any other bitcoin exchange. Look at the historical rates of failure between anonymous exchanges and non-anonymous exchanges. There's no relationship there at all. The systemic risk of Bitcoin is centralized exchanges in general (among other things).

In fact, if you succeed in your goal of "unmasking" BtC-E, it likely will have to shut down, potentially after being forced to flee the country if it is Russian. But I'm again not particularly worried, because you won't

You say the problem seems to exist for a long time, had a similar situation happen before I, but when I use LakeBTC, no such case.

Well re-read the OP, it's not about "how btc-e.com works for me" because mt.gox worked for most people, right until it jumped off a cliff. If we get a repeat of that combined with the anonymity that these guys have, the bitcoins will be gone forever and bitcoin reputation severely damaged. btc-e.com represent what the financial organisations like to call "a systemic risk".

If you don't want to participate in unmasking them, fine. But your not going to stop it!

BTC-E has been hands down the most reliable exchange for me. Bitfinex is a close second but it has reversed trades, so that knocked it out of the top spot. Businesses can be anonymous for legitimate reasons. If BTC-E is russian it can't operate except for anonymously. One time I did a withdraw and didn't get money. They fixed it pretty fast. Thats only problem I've had with them.

Yeah I can understand why certain russians might be in favour of this kind of behaviour! I actually think they will lose their business model/bulk of users anyway once legitimate western exchanges start appearing, then we can leave BTC-e to deal with lifes underbelly.

+100500 

I also have personally never had any issues with btc-e. It has been the only exchange that I've ever been able to report zero issues with to date.

I don't get why to post this kind of things. There's only few exchanges where trading actually works and btc-e is one of them. I'm not interested in their reasons to be behind curtains and you can't trust even on gov guaranteed banks (see for example cyprus)- so what's the point?!

btc-e is like the only exchange that has ever been hacked AND paid back users from its own money.
I can't think of any other exchange to do that. And they have all been hacked!

It certainly would be nice to eliminate further bad players for sure.

That said I know the Bitcoin Foundation is not likely going to do anything as they've shown repeatedly as of late.

BTC-E is a client of Mayzus, right? If so, what information about BTC-E can a Data Protection Act request reveal?

Well that's where the awareness gap is.

You believe (and I agree to the extent that I can) that crypto is the "greatest hope of dismantling the power of major corps and the corrupt rich few who run this world", but that isn't anywhere near the full extent of the problem. The problem begins and ends with you. The problem is inside of us. From the moment of birth we were subjected to mental programming. Remove the "corrupt rich few" and new ones will rise to take their place... unless we remove our mental malware and realize that these people don't actually have any power, except the power that we give away by our unconscious belief in authority. I hope these will help you see what I mean:

Larken Rose on Removing Mental Malware - Do You WANT To Know The Truth? - Free Your Mind Conference 2013

The Complete and Undeniable Truth - Larken Rose - Can you handle it?

Stefan Molyneux - The Story of Your Enslavement - We can only be kept in the cages we do not see. A brief history of human enslavement - up to and including your own.

Well I didn't say it can't, I said it's far less likely. If you are sitting on a fortune belonging to your clients and none of your clients know who you are the temptation to run off with it grows with the account balances. On the other hand, if they know who you are you are far less likely to be tempted. Karpeles clearly thought he was smarter than everyone else!

At least your last line made me laugh
But if you knew me, you would know you could not be further from the truth. I believe the likes of bitcoin is the greatest hope of dismantling the power of major corps and the corrupt rich few who run this world. But it's not going to happen overnight, and it's not going to happen (or it will get seriously delayed) if bitcoin gets another major kick in the nuts by a broken exchange running off with peoples money!

You're a statist bootlicker and you're probably not even aware of it. There's nothing morally wrong with a) and b). BTC-e is the largest non-Chinese Bitcoin exchange for pretty much the reasons you are crusading against: anonymity and privacy, using your money they way you want, without having to worry about the threat of violence at the criminal hands of statist thugs.



There is no "Bitcoin Foundation", get a clue. There's a bunch of early adopters who got together to promote their self-interest, who are trying to fool people into believing that they have a say in what the free market decides.



Sir, you are experiencing Stockholm syndrome!

...people even met Mark Karpeles in person, now there is a bankruptcy court proceeding going on, HOW DOES THAT HELP HUH?

What utter pseudo libertarian rubbish! Society is disincentivised from committing crimes by increasing the probability of getting caught and increasing the punishment when caught. So the owners of properly registered and fully transparent exchanges have almost zero incentive to run off with your money! and are far less likely to get away with it if they do!

no exchange can be stopped from running with your coin. 
anonymous or not. 
we know this now. 
there is no penalty for stealing coin, only exchanging it for cash within us territories.  bitcoin, at least until proven so, is not a cia project.
btc is such a thing that sometimes the anonymous people are the ones necessary, first to start it and then to make it work.

complain all you want.  if you don't like an exchange don't use it.

though i'm not part of that crowd, and sometimes somewhat jealous of it, there's a reason btc exists, and that is, to support "activity" that some or most people may or may not be against.

FREEDOM

Who knows now what activities do BTCE

I've already said what the case is against them, it's not personal, it's simply taking a decision to do something about an 'organisation' that poses a real
threat to the future of bitcoin. And THAT is something I believe in.

lol what did btc-e did with you ? scam you no? do you think everyone is like mtgox because it happened 1 time btw i read that the btc was parked and they already found 200k btc? so what's your problem tell me pls...

Just another asshole payed for subversive shit.

Any exchange can be brought down should enough pressure be brought to bear on it--all at once, from many different directions.

The strength of bitcoin, and why it is impervious to the failure of any one exchange, is in its protocol, and with the integrity and the chronological order of the block chain as enforced through cryptography.

I'm not against BTC-e, I just want to point out the fallacy in your argument by using an example: many folks used Mt. Gotx for years and NEVER had an issue, until the issues began.

If this causes them to 'run off' then yes it would undoubtebly cause a lot of people pain, but still better done than not. If on the other hand this forces them to come clean, then that also can only be better for the community in that they can then make an informed choice on whether to trade with them.

There is also the argument that anonymous exchanges with no KYC are the ones that are laundering stolen BTC, we should be flushing them out for the good of the industry as a whole.  I'm only disappointed the Bitcoin Foundation has not taken a more pro-active stance on this situation.

While you are certainly right that Bitcoin needs to eliminate the bad players to move forward for broader adoption I am curious as if this sort of thing and the attempt to unmask them might just cause them to run away. Wouldn't that do more harm than good in that case because it would instantly create another scandal.

I can see however arguing better the scandal take place now than later.

What are everyones thoughts? I'm certainly curious.

Well it's that kind of selfish apathy that allows them to flourish. And I never said the future of bitcoin depends on me, but I do believe that another major exchange scandal could be a body blow to the value of bitcoin, and i'm willing to bet there are more than a few here care about that! even if you dont!

If the future of btc depends on you and your crusade were doomed. I don't care who they are... it's simple don't trade on btc-e tell to your classmates too.

My interest is in the future of bitcoin and avoiding a repeat of mt.Gox, what's yours in defending them?

What is your reasoning behind this thread? Did you personally lose money or coins to them?

Leave BTC-E alone.

Again, this thread is not about who BTC-e have NOT been a problem for, mt.gox was not a problem for thousands of people, right up until they walked off with their money (allegedly).

However, I will take your point on lets start collating and naming people who have lost money at BTC-e.com, if you have please step forward and i'll add you to list on post 1.

Well I use BTC-e all the time and a bunch of others I know also use them...never an issue.  I am guessing most of the users that had problems have newer accounts here?  Show me where someone lost coins on BTC-e?

These boards are littered with examples of people sending money to BTC-e.com and it going missing. Just because you have not had problems does not mean they are not a huge risk to everyone.

Thanks for the info, however thats why I was searching for someone that has sent a wire via Mayzus in the past. UK law requires the records be kept for 7 years, and UK data protection law requires the full info to be revealed on request.

It's also a great way to:

a) Support criminal activities like money laundering.

b) Avoid paying taxes

c) Steal your clients money

d) Avoid being answerable for anything


No credible financial organisation in the civilized world is allowed to be run this way, and for very good reason. So why is the world allowing BTC-e.com get away with this? If you post embarassing questions like 'Who are you?' on their forum here, they get deleted!  So i'm going to make it my mission to unmask them, anyone who wants to help, please PM me so we can organise.

Their continued existance in this form constitutes a HUGE threat to bitcoin, as we would very likely not recover from ANOTHER mt.Gox, so I would ask all bitcoin fans to support me in this.

BTC-E changed the deposit account for wire. The Mayzus Financial Services bank account is no longer in UK now.

Here is the info of the new bank account. This bank account is exactly the same as the bank account used by OKPAY to receive wire.

Beneficiary:    Mayzus Financial Services Limited, organizacni slozka
Beneficiary Address:    U Vystaviste 287/17,170 00 Praha 7, Czech Republic
Beneficiary Account:    107-7747130227
Beneficiary Czech Bank Code:    0100
Beneficiary IBAN:    CZ58 0100 0001 0777 4713 0227
Beneficiary Bank:    Komercni banka
Beneficiary Bank Address:    Na Prikope 33, 114 07 Praha 1, Czech Republic
Beneficiary Bank SWIFT:    KOMBCZPPXXX
Correspondent bank:    SOCIETE GENERALE
City:    New York
Country:    USA
Correspondent bank SWIFT:    SOGEUS33XXX
Correspondent Account:    188190

Staying anon is a good way not get targeted for blackmailed or robbed.

Why try and hunt them down?  BTC-e is the only exchange I half way trust these days.  I have used them for a few years now and NEVER an issue with them.

I thought BTC-e was a trustworthy exchange? I've heard good reviews about them. The site owners prefer to stay anonymous, don't they?

Can you add something to this? help us out please.

FACTS KNOWN TO DATE:

  a) Many complaints about them on boards, everything from money going missing to failing to respond to support.
  b) They have no direct bank account, but are using payment services like OKPAY and Mayzus
  c) They operate on the following forums (https://bitcointalksearch.org/topic/btc-ecom-exchange-btcnmcltcnvctrcppcftcxpm-usdeurrur-fee-02-433283 and Russian https://bitcointalksearch.org/topic/btc-ecom-bitcoin-namecoin-litecoin-usd-02-29698 ), but tend to delete posts/complaints they don't like.
  d) They hide their servers behind CloudFlare, but they have been ping triangulated to be in Europe, probably London.
  e) Their SSL security certificate is fraudulent.
  f)  Their DNS Registration entries are false.
  g) Their website offers no API for bitcoin withdrawal, a service that every other exchange provides! Huge red flag!
  h) Their website has "Copyright © 2011-2014 BTC-e.com." but since there are no company registration details, this is legally invalid.
  i)  They are using the following Mazzars Financial services bank account:
                         Beneficiary:    Mayzus Financial Services Limited, organizacni slozka
                         Beneficiary Address:    U Vystaviste 287/17,170 00 Praha 7, Czech Republic
                         Beneficiary Account:    107-7747130227
                         Beneficiary Czech Bank Code:    0100
                         Beneficiary IBAN:    CZ58 0100 0001 0777 4713 0227
                         Beneficiary Bank:    Komercni banka
                         Beneficiary Bank Address:    Na Prikope 33, 114 07 Praha 1, Czech Republic
                         Beneficiary Bank SWIFT:    KOMBCZPPXXX
                         Correspondent bank:    SOCIETE GENERALE
                         City:    New York
                         Country:    USA
                         Correspondent bank SWIFT:    SOGEUS33XXX
                         Correspondent Account:    188190

    j) They only tell you about their 0.2% trading fee when you join, but their withdrawl fee's can be up to 10%!!

    k) The following bitcointalk users claim to have lost (missing transfers) or had stolen (unauthorised transfers) money at BTC-e.com:
                         legster                    $1000.
                         EvilLizardApparel       8565 LTC
                         bradmurmz             BTC200
                         libertysilver             BTC4.77 + 526 PPC + 306 LTC
                         pindis                        19 LTC
                         flagstaff_miner        BTC43.75
                         z12                         BTC30.48
                         ub3rCoin                  $10,000
                         OversightNL             BTC4.8
                         Unclegogi                       100 TRC
                         Shiba                       BTC7.9
                         ychunlau                  BTC4
                         redmist                      108.5335 LTC

       l) None of the 'terms and conditions' you agree to when you join are binding either way, because they do not name the legal party!.

       m) They trade on their own site, this gives their own arbitrage bots an unfair advantage over over public, as trading without fee's at faster access
           effectively corners the market.

        n) In february the website released a statement, which amongst other claims said: "The company plans to soon begin to publish publicly available statements certified by external auditors. " This has of course turned out to be a lie.



RUMOURS TO DATE:

  a) They are owned and run by Russians.
  b) The company is Bulgarian
  c)  Servers probably in London
  d) Probably where most stolen bitcoin are traded due to absense of Know Your Customer (KYC) regulations.
  e) Used by some parties for bitcoin price manipulation.



What you can do:

a ) Is there a UK resident out there that has paid money into BTC-e.com via Mayzus Financial Services Ltd?? If so, could you consider sending a standard Data Protection "Subject Access Request" to Mayzus for yourself. This should reveal details of BTC-e that so many people are searching for. And if it doesn't, then Mayzus are breaching UK anti money laundering laws.

b) Anything else you know? publish it here.

c) If you have money or crypto stock with them, protect yourself and get it out now. There has to be a reasonable chance that they are fraudulent and
   just the process of unmasking them may cause them to run with your money. So you have been warned!