BTC-e hacked ??

[daserpent]

they did say they needed a couple days to get drunk

This was quite an erroneous translation.

The mod said

3 дня yпepeтьcя и ycpaтьcя

which having NOT been distilled from meaty russian idiomatics has the meaning of

3 days at least if we push so hard that we shit ourselves.

haha thats one funny mod

[bonker]

they did say they needed a couple days to get drunk

This was quite an erroneous translation.

The mod said

3 дня yпepeтьcя и ycpaтьcя

which having NOT been distilled from meaty russian idiomatics has the meaning of

3 days at least if we push so hard that we shit ourselves.

There no need for admin to shit himself - no-one wants that. What with the August 1 nonsense I'm happy to see Btc-e back up sometime first week of August.

I like the btc-e crew, they seem more practical than a lot of other CEO types that get a god complex and start thinking they are better than the rest of us

[stingray454]

I like the btc-e crew, they seem more practical than a lot of other CEO types that get a god complex and start thinking they are better than the rest of us

While I'm hoping they are "shitting themselves with work" to get the server up and running again, what I really don't like is the lack of communication. The users are going crazy with worry, and they are like "we told them a few days ago we'd get the server up, that's enough". If they really are working on it, they should say so to calm people down.

[Old_Timer]

any news people?

BTW not communicating well is a BTC staple. 

[ahmedjadoon]

Any updates about Alex's extradition?

[TheKoziTwo]

BS, the US don't legally classify Bitcoin as money, and that's what matters, unless they go though the motions of doing that first they can only pursue transactions that involve fiat, and other legal tender, under money laundering laws.

From E-Gold case:

"However, in its actions from 2006-2008, the U.S. Treasury Department in conjunction with the United States Department of Justice stretched the definition of money transmitter in the USA Patriot Act to include any system that allows transfer of any kind of value from one person to another, not merely national currency or cash."

And that was 10 years ago so imagine what they consider under definition of money transmitter today. Maybe even wearing clothes would fall under that stretched definition or money transmitting

The charges are not under the USA Patriot Act, they are under statutes ranging from 1956 to 1960 if you read the U.S. Attorney’s Office press release. There is no mention of charges under the Patriot Act whatsoever.

The US government can stretch the definition of whatever they like in their country, and the sheeple will do little. Doesn't mean other countries will abide.

18 U.S. Code § 1956
(a)(1) Whoever, knowing that the property involved in a financial transaction represents the proceeds of some form of unlawful activity, conducts or attempts to conduct such a financial transaction which in fact involves the proceeds of specified unlawful activity

(4) the term “financial transaction” means (A) a transaction which in any way or degree affects interstate or foreign commerce (i) involving the movement of funds by wire or other means or (ii) involving one or more monetary instruments, or (iii) involving the transfer of title to any real property, vehicle, vessel, or aircraft, or (B) a transaction involving the use of a financial institution which is engaged in, or the activities of which affect, interstate or foreign commerce in any way or degree;


Definition of fund from dictionary
1a :  a sum of money or other resources

Definition of money from dictionary
something generally accepted as a medium of exchange, a measure of value,

They might not have needed the Patriot Act in this case. But they can, and will, when necessary.

[Old_Timer]

Any updates about Alex's extradition?

Greek Media have gone ape regarding his arrest.

Reporter

"The authorities arrested the head of a Criminal organization"

 "He received cash from illegal activities in his accounts which he converted to Bitcoin"


"The police had to arrest him with his smartphone functioning, as he was controlling the business from it" 


no mention of BTC-E anywhere

BTW most of my fellow Greeks think Bitcoin is an American kind of Souvlaki or something

[erk]

Definition of money from dictionary
something generally accepted as a medium of exchange, a measure of value,

They might not have needed the Patriot Act in this case. But they can, and will, when necessary.

We don't care about money as defined in the dictionary, in a legal matter we care about how it's defined by legal rulings.

Virtual currency (IRS ruling 2014) – “Virtual currency is a digital representation of value that functions as a medium of exchange, a unit of account, and/or a store of value. In some environments, it operates like ‘real’ currency…but [virtual currency] does not have legal tender status in any jurisdiction.”

http://www.communitycurrencieslaw.org/legal-definitions/

You might want to start with the US constitution which defines money, and who can issue it.

[bonker]

Any updates about Alex's extradition?

Greek Media have gone ape regarding his arrest.

Reporter

"The authorities arrested the head of a Criminal organization"

 "He received cash from illegal activities in his accounts which he converted to Bitcoin"


"The police had to arrest him with his smartphone functioning, as he was controlling the business from it" 


no mention of BTC-E anywhere

BTW most of my fellow Greeks think Bitcoin is an American kind of Souvlaki or something

Mobile phone == BTC-e server

[TheKoziTwo]

Definition of money from dictionary
something generally accepted as a medium of exchange, a measure of value,

They might not have needed the Patriot Act in this case. But they can, and will, when necessary.

We don't care about money as defined in the dictionary, in a legal matter we care about how it's defined by legal rulings.

Virtual currency (IRS ruling 2014) – “Virtual currency is a digital representation of value that functions as a medium of exchange, a unit of account, and/or a store of value. In some environments, it operates like ‘real’ currency…but [virtual currency] does not have legal tender status in any jurisdiction.”

http://www.communitycurrencieslaw.org/legal-definitions/

You might want to start with the US constitution which defines money, and who can issue it.

I agree about that definition, I couldn't find any legal definition of it.

Monetary value (Cal. Fin. Code § 2003(m)) – “Monetary value” means a medium of exchange, whether or not redeemable in money.

Perhaps that one will fit?
or (ii) involving one or more monetary instruments

Regardless, the Patriot Act can still be used on people who don't deal with fiat directly then. In addition we can expect the law from 1956 to be extended to include cryptocurrencies.

[Potent]

Go to btc-e.com's profile page:
https://bitcointalk.org/index.php?action=profile;u=33012
In the Summary information, we see:
Age:   47

So 38-year-old Alexander Vinnik isn't btc-e's admin and this is just a rumor.

I don't think he has got any connection to BTC-e. Simultaneity two events made this rumor bold. Seems mtGOX's hacker is found finally but he has not any relation with BTE-e

https://www.cryptocoinsnews.com/alleged-btc-e-admin-arrested-for-laundering-4-billion-in-bitcoin/


Although details on the man’s alleged operation are still scarce, a Greek police official pointed out that the man was accused of running a platform that converted proceeds of online ransoms, identity theft, tax violations, and more into bitcoin.

[reb0rn21]

I still hope for the best, with my luck I just moved a lot(all i have earned in 4+ year) of LTC to trade 2 days before this shit happened
All coins are still at my BTC-e address if anyone move them, then I will know I am robbed by them!

[CaptainClaw]

Go to btc-e.com's profile page:
https://bitcointalk.org/index.php?action=profile;u=33012
In the Summary information, we see:
Age:   47

So 38-year-old Alexander Vinnik isn't btc-e's admin and this is just a rumor.

I don't think he has got any connection to BTC-e. Simultaneity two events made this rumor bold. Seems mtGOX's hacker is found finally but he has not any relation with BTE-e

https://www.cryptocoinsnews.com/alleged-btc-e-admin-arrested-for-laundering-4-billion-in-bitcoin/


Although details on the man’s alleged operation are still scarce, a Greek police official pointed out that the man was accused of running a platform that converted proceeds of online ransoms, identity theft, tax violations, and more into bitcoin.

Lol like he'd put down his real age..

Regardless, btc-e is being charged and the US DOJ seems to think he's involved: https://www.justice.gov/usao-ndca/pr/russian-national-and-bitcoin-exchange-charged-21-count-indictment-operating-alleged

[JoenN]

Are they coming back??

[reb0rn21]

@mercedes321
Your post has no logic at all... they are fined 100m which they can battle in court to get a lot less and logical fine, if they rob us they can only wait prison time!

[dermaink]

love you guys hoping for the best think the bankers fucked us once again get ur cash ready and stay in the game

[TheKoziTwo]

Definition of money from dictionary
something generally accepted as a medium of exchange, a measure of value,

They might not have needed the Patriot Act in this case. But they can, and will, when necessary.

We don't care about money as defined in the dictionary, in a legal matter we care about how it's defined by legal rulings.

Virtual currency (IRS ruling 2014) – “Virtual currency is a digital representation of value that functions as a medium of exchange, a unit of account, and/or a store of value. In some environments, it operates like ‘real’ currency…but [virtual currency] does not have legal tender status in any jurisdiction.”

http://www.communitycurrencieslaw.org/legal-definitions/

You might want to start with the US constitution which defines money, and who can issue it.

I agree about that definition, I couldn't find any legal definition of it.

Monetary value (Cal. Fin. Code § 2003(m)) – “Monetary value” means a medium of exchange, whether or not redeemable in money.

Perhaps that one will fit?
or (ii) involving one or more monetary instruments

Regardless, the Patriot Act can still be used on people who don't deal with fiat directly then. In addition we can expect the law from 1956 to be extended to include cryptocurrencies.

I did some more digging which confirms that the AML law from 1956 can be used to catch money launderers who ONLY use bitcoin / crypto.

Silk Road 1, Ross Ulbricht was charged with exactly that:


Ulbricht was charged with money laundering, computer hacking, conspiracy to traffic narcotics,[23][27] and procuring murder.[24] The charge of procuring murder was removed from the indictment[28] although the evidence was factored into Ulbricht's sentence.[29] Ulbricht was convicted of all the remaining charges after a jury trial that concluded in February 2015.[30] He was sentenced to life imprisonment without the possibility of parole on 29 May 2015.[31][32][33]

[ahmedjadoon]

Translated from Russian

BTC-e's chief moderator:

In fact, knowing not by hearsay (by a walk through the old "not local" and possible new comments), in order to restore at least an approximate existing infrastructure on the new site, it is necessary to take about a week (3 days at least to rest and get drunk), everything here will depend on the reliability and packing Backup data and communication channel with the new DC ...

plus do not forget that there are also "political" moments in the placement of such services ...

PySy that, when, how and where they hosted and hosted it is not for me to say ...
There is a good chance that the btc-e exchange will resume its work.

I advise you, dear readers, not to make hasty conclusions, conclusions and not to read jaundice. It is worthwhile to understand that the media are now rejoicing against the background of this event, tearing away large traffic and causing panic.

I would like to remind you about 2 hacking of the BTZ-E exchange a couple of years ago. The exchange paid all to a penny in the currency in which it was stolen.

Can you post the source of this message?

[SEELE^^01]

gosh, i really hope they will be back up again with btc-e. their customer support was really nice. i never had any problems with them.

[bonker]

gosh, i really hope they will be back up again with btc-e. their customer support was really nice. i never had any problems with them.

Plus we get our money back as a bonus