Co-founder of ZebPay Mahin Gupta

[sardasa]

Interesting to know that he was processing payments for one of the closed exchanges CryptoXchange (https://bitcointalk.org/index.php?topic=126724.0) in January 2012 and processed many payments to Alexander Vinnik (co-founder of seized exchange btc-e).

Here is the thread where I found this information: https://bitcointalk.org/index.php?topic=85977.0

[kabit9]

indeed i went through all that info a few days ago, and was fascinated to know his early involvement in what can be seen as nothing except for laundering and outright theft of $100,000 belonging to Mr. Vinnik.

makes me wonder what is really going on at Zeb behind the scenes...   

[iram3130]

There are some 10 people whose money is stuck in the mtgox. It's hard to trust any exchange nowadays as the price of Bitcoin increased more than anything. Let's see what is it's effects on Indian community.

[Forbiddenone]

there were many other company which done the transaction with mr vinnik at early bitcoin stage,but that doesnt mean everyone will fraud you.and users must keep their bitcoin always in wallet whose private key is known to them and use exchange only to buy and sell.

[karan1498]

Interesting to know that he was processing payments for one of the closed exchanges CryptoXchange (https://bitcointalk.org/index.php?topic=126724.0) in January 2012 and processed many payments to Alexander Vinnik (co-founder of seized exchange btc-e).

Here is the thread where I found this information: https://bitcointalk.org/index.php?topic=85977.0

omg , this is insane .

[rsarkar]

Interesting fact and figures in there.
I was user of both the exchanges mtgox and Btc-e but never kept bitcoins there.
I'm curious to see where this leads to.

[cryptoheadd]

indeed i went through all that info a few days ago, and was fascinated to know his early involvement in what can be seen as nothing except for laundering and outright theft of $100,000 belonging to Mr. Vinnik.

makes me wonder what is really going on at Zeb behind the scenes...   

From what I read, Mahin stopped sending Alexander money as soon as he found out that the Bitcoins were stolen.
He stopped laundering as soon as he found out. Not sure what happened to the $100,000 though.

I think he'd probably have given them back to Bitcoinica. (Not sure, though.)

[kabit9]

From what I read, Mahin stopped sending Alexander money as soon as he found out that the Bitcoins were stolen.
He stopped laundering as soon as he found out. Not sure what happened to the $100,000 though.

you can stop a suspicious person from trading and using your services, but you cannot simply forfeit $100,000 (equivalent in BTC) belonging to that person, just because there is no regulation and you 'suspect' the bitcoins to be stolen. where was the evidence? did you read the kind of responses (or lack thereof) given to Alexander by Ken/Mahin?

its quite clear that they didn't stop laundering, they just stopped laundering for Alexander...

I think he'd probably have given them back to Bitcoinica. (Not sure, though.)

now that's what i call wishful thinking! 


once again, who knows whats going on behind the scenes at ZebPay.  The evidence is clear for everyone to read. It would be interesting if a crypto-journalist picked up on it and wrote a story. It would be even more interesting if ZebPay was investigated by EOW. And it would be most interesting if Mahin was investigated by Income Tax (last 10 years). Ofcourse, this is all now wishful thinking on my part, but it pales in comparison to your wishful thinking above!