2017-07-27 CoinDesk - The Big News Behind the BTC-e Arrest and Mt Gox Connection

[TheIrishman]

The Big News Behind the BTC-e Arrest and Mt Gox Connection

https://www.coindesk.com/coindesk-explainer-btc-e-arrest-mt-gox-connection-big-news

<< (...) Is BTC-e finished?

There's a big emphasis on conditionals here, given that we don't currently know whether authorities are moving to shut down the exchange or seize connected assets. However, recent dark market crackdowns suggest that law enforcement officials are taking an aggressive stance that could extend to BTC-e. What we do know is that, earlier today, BTC-e's official Twitter account issued a statement saying that it would come back online in the next five to 10 days.

"Update2: at the moment we are working on the restoration of service. Approximate terms from 5 to 10 days. Thanks for your understanding #btce", the exchange's account tweeted.

Given that BTC-e representatives have not responded to a request for comment by press time, only time will tell if that pledge comes true. >>

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[Slow death]

Reading this:


"This cast of characters came to a head again this morning when news broke that an individual, said to be a native Russian, was arrested in Greece on money laundering charges connected to the use of bitcoin.

"

Makes the authorities of any country pay more attention to the bitcoin... coincidence that Russian guy be arrested for money laundering and btc-e being in maintenance.

"Update2: at the moment we are working on the restoration of service. Approximate terms from 5 to 10 days. Thanks for your understanding #btce," the exchange’s account tweeted.

In the next days we will know more things

[btc_angela]

Reading this:


"This cast of characters came to a head again this morning when news broke that an individual, said to be a native Russian, was arrested in Greece on money laundering charges connected to the use of bitcoin.

"

Makes the authorities of any country pay more attention to the bitcoin... coincidence that Russian guy be arrested for money laundering and btc-e being in maintenance.

"Update2: at the moment we are working on the restoration of service. Approximate terms from 5 to 10 days. Thanks for your understanding #btce," the exchange’s account tweeted.

In the next days we will know more things

I don't think that they could restored anything. If it is, then probably it should be up by now. I  guess that BTC-e will not go online I'm sorry to say. The owners have been arrested, how can they function then. And the coins is gone forever as well. The servers might as well be confiscated and the logs being look up for possible identify of the hackers. We will probably know everything once we get another update in the next coming days.

[CryptoBry]

With the recent development, I don't think current and potential customers of BTC-e will continue on pouring confidence on its business. It can be an uphill battle for them to retain what they already have...that is authorities would not think of clamping down on its business. That arrest can signal the beginning of the end of BTC-e.