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Author Topic: [2017-08-31]Weeks After Seizure, Troubled Bitcoin Exchange BTC-e Is Back Online  (Read 3858 times)
btc_angela
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September 01, 2017, 10:47:42 AM
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Weeks After Seizure, Troubled Bitcoin Exchange BTC-e Is Back Online


BTC-e, the bitcoin exchange charged by US authorities last month with a host of money laundering crimes, has launched a new website weeks after its original one was seized by law enforcement.

The site is accessible through the domain btc-e.nz, though it appears that users in some parts of the world, including the U.S., are not able to log in. CoinDesk was able to access the domain through the use of a virtual private network, or VPN.
For now, users appear to be limited to being able to check their funds balances and post messages in the BTC-e chat box.

In a post on the Bitcoin Talk forum yesterday, a representative for the exchange said that user access would form part of a broader relaunch plan that will see BTC-e rebrand under the auspices of what they say will be a regulated investment firm.

At press time, 3,239 users of the site are logged in, according to statistics posted on the BTC-e page.

As CoinDesk previously reported, Greek authorities – acting on a US warrant – arrested a Russian national last month who they alleged helped operated the BTC-e exchange – an accusation that representatives for BTC-e later denied.

After its domain had been seized and an indictment was handed down by US prosecutors, those left in control took to a long-used Bitcoin Talk account to announce a revival plan. Part of that plan, as reported at the time, involves the launch of a debt token aimed at recouping some of the losses for users.

An update on the new BTC-e page recommended that users reset their security settings, given the recent moves by US authorities.

"Because of the seizure of the data, there is a high risk that it has been compromised. That is why in order to protect your funds, you need to refresh the security settings," the message states.

https://www.coindesk.com/is-btc-e-back-troubled-exchange-enables-user-log-ins-weeks-after-crackdown/

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September 01, 2017, 02:02:22 PM
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I hope they will give all funds back.
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September 01, 2017, 02:34:01 PM
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It's still absolutely massive theft from the US government.   Funds are gone from people in countries where BTC-e is legal - that's entirely unacceptable.

Anyway, we need to wait until people can really withdraw that half of the funds before we can make any judgement about whether BTC-e is working properly.

BTC-e better be ready to implement proper KYC procedures if they don't want to keep handling this aggression from the US government again.
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September 01, 2017, 05:27:49 PM
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It's still absolutely massive theft from the US government.   Fuunds are gone from people in countries where BTC-e is legal - that's entirely unacceptable.

Anyway, we need to wait until people can really withdraw that half of the funds before we can make any judgement about whether BTC-e is working properly.

BTC-e better be ready to implement proper KYC procedures if they don't want to keep handling this aggression from the US government again.

USA abusing its power as usual, police of the world. Anyway, btc-e has to recover and return to its previous situation. I think that its possible in the near future  Smiley

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September 01, 2017, 07:02:49 PM
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It's still absolutely massive theft from the US government.   Fuunds are gone from people in countries where BTC-e is legal - that's entirely unacceptable.

Anyway, we need to wait until people can really withdraw that half of the funds before we can make any judgement about whether BTC-e is working properly.

BTC-e better be ready to implement proper KYC procedures if they don't want to keep handling this aggression from the US government again.

I think they are back online indeed, I checked the website and it's up and running although the last trade history is 25.07.17 13:48. And there is also a announce regarding the security settings as well. And trollbox is back. LOL.

It seems to be that trading has not yet commence, so I'm assuming they are still working on it and its looks like they are prioritizing the withdrawal and issuance of  tokens.

Agree on the actions of US government, the seizure is a massive theft and I hope that they can whitelist people who's fund are really clean.


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