BTC-e hacked ??

[jojo69]

First of all, he is not in the hands of the FBI yet, he was just detained by the Greek police, though it seems that he was arrested specifically by the request from the US authorities. Further, this dude might be a Russian citizen so the US authorities could encounter some issues extraditing him to the US where he is to be tried. In fact, Greece may have to make a tough choice right now since Greek authorities seem to be slightly pro-Russian these days but the country is still a NATO member anyway. Things are likely to get quite complicated here

Why do you think that Greece is pro-Russian these days? You maybe mixing Greece with Turkey?

Pro-Russian Turkey shot down Russian plane not so long ago.

Indeed, in fact the Russian "backed" Assad government and Turkish "backed" militias are in a very tense standoff with flares of actual violence just South of Al Bab.

http://isis.liveuamap.com/

[1714190320]

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[1714190320]

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[Nooby-miner]

sadly I think the btce trolls will need their prefab coffins they talk about so much
https://www.reuters.com/article/us-greece-russia-arrest-idUSKBN1AB1OP?utm_campaign=trueAnthem:+Trending+Content&utm_content=5978938004d30174e0aa595e&utm_medium=trueAnthem&utm_source=twitter

http://blog.wizsec.jp/2017/07/breaking-open-mtgox-1.html

I'll be very surprised if btce opens for business again

metroid's fabricated coffins?

they be the ones  

https://www.coindesk.com/coindesk-explainer-btc-e-arrest-mt-gox-connection-big-news/?utm_content=buffer107de&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

coindesk on it now

sounds like assets will be siezed, to repay victims of mtgox. I had bitcoins in mtgox during end of 2013, they never said their were issues, when they took my coins, and just ignored my tickets, (just like poloinex is doing now) for mounts until tshtf. I only have relative pennies to lose in poloinex, but i lost a lot of savings in mtgox.. hope they distribute some of those stolen coins to the mtgox clients.

[reb0rn21]

I lost some on mtgox and now I have lost even more on btc-e

They can confiscate coins from regular users, i don`t care for criminals, sure they need to go after them!

[ravinol]

Crap.. should I remove my coins from Bittrex or are they safe?
I would have to install like 8 different coin wallets. ;

[binford]

Guys the money is gone. They are not coming back.
There is no authority that is going to give back money from a money laundering operation. If you want those coins you are going to have to bid when the government actions them off.

Lesson learned? Don't give your coins to Russian organized crime and think they are going to take care of you. Use only Legal, registered exchanges in your country.  

even mybitcoin.com came back after few weeks (to allow like 50 % withdrawals).
somebody else made a good point here, they allowed a lot of people from 2nd and 3rd world countries access to crypto, countries where there are no exchanges.

[erk]

sounds like assets will be siezed, to repay victims of mtgox. I had bitcoins in mtgox during end of 2013, they never said their were issues, when they took my coins, and just ignored my tickets, (just like poloinex is doing now) for mounts until tshtf. I only have relative pennies to lose in poloinex, but i lost a lot of savings in mtgox.. hope they distribute some of those stolen coins to the mtgox clients.

What assets will be seized and what is the logic behind it?

[reb0rn21]

https://www.justice.gov/usao-ndca/pr/russian-national-and-bitcoin-exchange-charged-21-count-indictment-operating-alleged

[not.you]

https://www.justice.gov/usao-ndca/pr/russian-national-and-bitcoin-exchange-charged-21-count-indictment-operating-alleged

Some choice bits:

A grand jury in the Northern District of California has indicted a Russian national and an organization he allegedly operated, BTC-e, for operating an unlicensed money service business, money laundering, and related crimes.

“Exchanges like this are not only illegal, but they are a breeding ground for stolen identity refund fraud schemes and other types of tax fraud.  When there is no regulation and criminals are left unchecked, this scenario is all too common. The takedown of this large virtual currency exchange should send a strong message to cyber-criminals and other unregulated exchanges across the globe.”

As for defendant BTC-e, the indictment alleges that, despite doing substantial business in the United States, BTC-e was not registered as a money services business with the U.S. Department of the Treasury, had no anti-money laundering process, no system for appropriate “know your customer” or “KYC” verification, and no anti-money laundering program as required by federal law.

The indictment charges BTC-e and Vinnik with one count of operation of an unlicensed money service business, in violation of 18 U.S.C. § 1960, and one count of conspiracy to commit money laundering, in violation of 18 U.S.C. § 1956(h).  In addition, the indictment charges Vinnik with seventeen counts of money laundering, in violation of 18 U.S.C. § 1956(a)(1), and two counts of engaging in unlawful monetary transactions, in violation of 18 U.S.C. § 1957. An indictment merely alleges that crimes have been committed, and the defendants are presumed innocent until proven guilty beyond a reasonable doubt.  

FinCEN today assessed a $110 million civil money penalty against BTC-e  for willfully violating U.S. anti-money laundering (AML) laws.  Alexander Vinnik was assessed $12 million for his role in the violations.

So looks like BTC-e is down for the count.  So in order to get one guy they decided it was ok to rip off thousands.  Sounds about like the government.

Also looks like it validated my fear from this earlier, they basically can go and shut down most of the exchanges if they want and fuck all of the customers.

[Zorgunfleck]

It doesn't say anything about actually taking over the website or confiscating the servers or anything. Maybe they will be back... They probably have any friends in many places. We'll see. Still waiting for the FBI take down page to show up.

[DigitalVHS]

It doesn't say anything about actually taking over the website or confiscating the servers or anything. Maybe they will be back... They probably have any friends in many places. We'll see. Still waiting for the FBI take down page to show up.

Pls  dude, this  story is over.

[reb0rn21]

We don`t know if its over, and who is the arrested guy, is he BTC-e or not and what part of it is he....

So far btc-e is offline and we don`t know what way they will take, they sad they will be online again, and we are in dark as always and can only wait

[bananax]

And how is the US supposed to take action against btc-e ? Apart from blocking banks from working with btc-e, I don't think there is much they can do.

[reb0rn21]

Well they want to fine them for not doing AML/KYC with american users, if they had any...... will they make some deal with them or go to court with virtual exchange we gona see

big question is the man they got, who is he, and is he big part of BTC-e or not

[erk]

Acting FinCEN director Jamal El-Hindi said in a statement:

    "We will hold accountable foreign-located money transmitters, including virtual currency exchangers, that do business in the United States when they willfully violate U.S. AML laws."

https://www.coindesk.com/110-million-btc-e-fined-us-vows-crackdown-unregulated-exchanges/

The obvious question is how did BTC-e "do business in the United States" when they don't have an office there?

[thedreamer]

And how is the US supposed to take action against btc-e ? Apart from blocking banks from working with btc-e, I don't think there is much they can do.

Exactly. The US fine can go F itself. They have no reach to a foreign business that is not located on US soil.
The people who have had their investments over there can and should NOT be held liable for illegal actions of others.

The US Justice Dept can go F off on this one.

[Zorgunfleck]

"Notably absent from the statements were indications as to whether the US government would move to permanently shutter the exchange, which just hours ago said that it would return to service."

https://www.coindesk.com/110-million-btc-e-fined-us-vows-crackdown-unregulated-exchanges/?utm_content=buffer30b47&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

[YesLOST]

Yes, I am about to lose around $200k btc-e. Yes, this is basically all the money I made the last 15 years. Great. I was standing in front of the window already. And all because I liked to trade from time to time and stayed most of the time in fiat.

So, the guy arrested was either the CEO or just an admin. An interesting part is, the news reports say that the guy was arrested at Monday morning and at Tuesday, either an automated script kicked off, writing the twitter statements or another CEO or another admin noticed that something happened (more likely) and cut everything.

Monday night, every thing was working at btc-e.com - so the USA couldn't have had access to the server. No wallets have been touched (the 66k rumor was coinbase wallet). Are bank accounts freezed? They didn't even touch Mayzus Financial Services Ltd (the real launderer with that bank account in Mongolia) - or why didn't we hear anything from them?

Now the twitter statements let me wonder and gave me a bit hope back. But lets face it, the chance that the co-CEO/admin(s) are able to restart that thing is very slim even though they wrote this last statement even after the truth about the arrest was out. Its out in the open that the USA is attacking them, means everybody will get out of it as soon as it reboots.

Could be that they were able to kick Alex out of everything for protection and are already in or on the way to Russia. However, do they want to let us access the site/coins? They look very trustworthy (no stockholm syndrome), also now with that last statement. Why the hell would they write this, if they are not considering it? And no, they wouldn't write on twitter if they hadn't got the coins/funds. But, it could be that they will hold everything until they are in a safe place.

[adu1t]

It is beginning of the war between Bitcoin and Dollar.

Federal Reserve System doesn't want to lose power of making money out of the air.
Therefore they are going to defile all crypto as much as it possible

If BTC-e is able to recover it will be big blow for FRS and US Government
Will see

[stingray454]

Yes, I am about to lose around $200k btc-e. Yes, this is basically all the money I made the last 15 years. Great. I was standing in front of the window already. And all because I liked to trade from time to time and stayed most of the time in fiat.

So sorry for your loss man . Not feeling great with 100k+ losses here either. Right now it's just a waiting game, I'm still hoping but it's not looking great.

So, the guy arrested was either the CEO or just an admin. An interesting part is, the news reports say that the guy was arrested at Monday morning and at Tuesday, either an automated script kicked off, writing the twitter statements or another CEO or another admin noticed that something happened (more likely) and cut everything.

I noticed the last two twitter statement was issued exactly 24h apart. Smells a bit like an automated script tweeting..

[deisik]

And how is the US supposed to take action against btc-e ? Apart from blocking banks from working with btc-e, I don't think there is much they can do.

Exactly. The US fine can go F itself. They have no reach to a foreign business that is not located on US soil.
The people who have had their investments over there can and should NOT be held liable for illegal actions of others.

This might be not so

I don't know exact laws and regulations regarding such issues, so I can in fact be mistaken here (anyone more knowledgeable is always welcome to chime in on this), but foreign businesses don't necessarily need to have any physical presence in the US to be considered making business in the US (like offices, etc). As I understand it, if the US citizens themselves "make business" with such an entity, that will suffice. It is basically the same story as with Swiss banks when the US authorities made them disclose the details of the bank accounts that belonged to the US citizens