Topic: WEX.NZ (Read 32730 times)

I did tried everything , adding host file entries to whatever but it didn't worked for me. Lost a couple of hundred dollars on wex

Fair enough... I am loosely watching these kinds of matters with a kind of "you never know" mindset, and I even forget many of the details because it seems to be quite a bit of time between any pieces of news... and of course I wrote down recovery to somewhere close to zero for a couple of years now, if not longer.

Seems like a lot of behind the scenes injustices, and some of us (including yours truly) did probably keep more value there than was even close to reasonable given the many risks and attacks on their system... that just ended up imploding.

BTC-e was fined $110M by US authorities back in 2017, so that coupled with what happened with funds held at Liberty Reserve or Silk Road, I think the chances of any of the rightful owners seeing that money are very low.

Does news like this affect us account holders at all?

https://www.newshub.co.nz/home/money/2020/06/new-zealand-police-restrains-record-breaking-140-million-in-international-investigation.html

Is there any news?

Thanks man, appreciate your help ! Will try to look into these. Thanks again.

You can download an app: https://telegram.org/ or you can run it in your browser: https://web.telegram.org/#/login


You need a phone number to use Telegram, that's it, you get a text with code you have to enter to authenticate. Passwords are optional.

I don't have an account, either, but I believe that if you create a Telegram account, then you will be able to view the content that is linked in malevolent's above post.  


In essence, Telegram does not appear to allow non-account holders to view the content of the posts of the groups.

What is this "Telegram"?    Can this be accessed directly from web browser?

https://wex-scam.com/news/
https://t.me/btce_wex_en_translation
https://t.me/wexcodes
https://t.me/joinchat/FUetyETJvscvjmEgSWSdbg
https://t.me/btceclubchat
https://t.me/wexnz_news
https://t.me/WEXUSERS
https://t.me/wexnzeng
https://t.me/wexnzrus
https://t.me/btceclubnews
https://t.me/bchannelonline
https://t.me/wexiniciative

There's also a group titled "Wex Money Trail" but I can't find a link right now.

Either way, the chances of getting anything back are very low, so don't get your hopes up.

Any news ? Any forum where at least the users are trying to recover stolen funds ? I'd like to be part of any such initiative, even if it has 1% chance of recovery.

Are there any news regarding WEX?

I don't expect anything special, but I wonder if there is any effect of different actions that some people were trying to take to get their money back.

their gradual downfall was recorded in the crypto media, ever since they stopped withdrawals in summer 2018.

a few examples:
https://www.coindesk.com/something-strange-is-going-on-at-a-crypto-exchange-called-wex
https://www.coindesk.com/bitcoin-price-nears-10k-on-wex-exchange-as-users-await-withdrawals
https://www.coindesk.com/wex-traders-seek-police-action-amid-frozen-funds-sky-high-crypto-prices

there was a report when their domain was taken down:
https://news.bitcoin.com/btc-e-successor-wex-loses-nz-domain/

and after that, it was pretty much over. they only attempted to bring up a few more domains which were quickly taken down. you're right there was surprisingly little coverage when the end finally came. but at the same time, the collapse seemed so inevitable and drawn out....there was barely any volume on wex when it finally went down. by the end of 2018 it was basically a forgotten exchange. same thing happened to vircurex which similarly disappeared and many others too.

Do we have news??

How can an exchange just disappear like this without causing noise..
There were 1000s of users. No coverage on crypto-media whatsoever..

Agreed. Even I have lost some money on Wex, but now I have given up pursuing them anymore. I should have moved my coins a soon as the Wex.nz website came online. Made the mistake by keeping the coins in an exchange.

O.k.  You are not to be taken seriously.  There is no need to speak in ALL CAPS.

I still have around BTC0.2 stuck in Wex.nz, and now I have lost hope that I'll ever get my money back. Their Twitter account is inactive for more than 4 months and they have issued no statements regarding the resumption of exchange activities.

Why do you say that?

Yeah.. they seem to have done an exit scam, but surely much of this started in July 2017 when they were initially shut down. 

Difficult to say that they premeditated any scam, but may have ben cornered into scamming customers into thinking that they could continue to stay open after the original shut down.. and then moving from site to site..

funny enough, i think Balthazar (friend of the original btc-e admins) had a hand in this: https://bitcointalksearch.org/topic/m.48476848

if true though, it just indicates more of the same---that wex made very little effort to remain a functioning exchange.


the admins for the last 6+ months (whoever they are) either lost access to most of the site's wallets or staged a very slow exit scam. i think there's actually a possibility that funds were diverted towards alexander vinnik's legal expenses and fight against extradition to the USA. their cold wallets were seen moving through binance a few months ago: https://twitter.com/cz_binance/status/1057080119385157632


it's over IMO. back in july/august, there was hope of recovery. at this point, it seems like a lot of the money is gone and trust in wex has been destroyed anyway. there's really no incentive for them to come back online.

I was able to log into WEX until about late November 2018, and soon thereafter there were continued changes in the WEX website location that I had found through the official Wex tweets - but those changed WEX website locations did not function for very long either (a couple days at most).  If you click above on the Official Wex tweets, the last tweet that is listed there was on December 5, 2018.

So even with losing complete access to WEX in early December 2018, there was the additional problem that most of us likely had - an inability to withdraw any funds from WEX after about July/August 2018.   Was anyone able to withdraw funds from WEX after August 2018?  If so, probably you had to convert them to specific coins that were "withdraw authorized", and how long did that last?

Furthermore, WEX's BTC prices (and other coins too) were out-of-Wack with other exchanges since at least May 2018.  I cannot recall the exact date of the out of wackness, but that out-of-wackness seemed to have been the beginning of their starting to have withdrawal problems, and likely a run on the bank type of a situation that was contributing to their exchange prices being out of wack with others.

Where are we now? Are we ever going to be able to get back any of our funds?  How does this play out?  Who has our coins?  Did the government seize the coins?  Are they in some person's hands?  Are the coins being used for legal expenses for Dmitry Havchenko or some of the other owners?  Is Dmitry Havchenko the only known WEX owner in custody?


As of mid-2018 (and surely into late 2018, since I was not able to withdraw any funds), I had a decent amount of funds on WEX too, probably more than I should have left there.  I made some additional BTC deposits after they changed from BTC-e to WEX (which might not have been a smart move), and I never did cash out or trade any of my WEX tokens (that they had rewarded in late 2017 based on the social loss calculations of the July 2017 governmental seizure of their BTC-e website) because I had some (perhaps deluded) confidence that WEX was going to redeem my tokens full value, like they had proclaimed that they would (within no later than two years). 

You seem hopeful, woocol, but I am having difficulties seeing how this ends with any kind of meaningful reimbursement for any of us for anything near the amount of value that any of us had in WEX's custody as of November/December 2018 or maybe claims to earlier losses that WEX caused upon us account holders.



It is going to be a bit difficult to know if there is some kind of official announcement from WEX, and surely none of us should be clicking on links that claim to be the new WEX, unless there is some kind of confirmed assurances that link is provided by a real and legit WEX source.

Funny also, if our most up-to-date news about the status of WEX and Dmitry Havchenko comes through WEX scam official tweets?  Are there better sources, perhaps?