WEX.nz

[malevolent]

IIRC, it was 55% or 62% + the rest in the form of tokens if you had waited a couple weeks longer. For a long time tokens could be sold for ~50% of their future value.

[1715455018]

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[1715455018]

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[1715455018]

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[LightningSphere]

But again, the people who know what has happend to btc-e/wex.nz are probably reading this too.  Why the silence, why not share it with us, what can possibly be the reason? It's so freaking weird...

[malevolent]

They aren't responding because they aren't coming back. As simple as that. Too much time has passed to have any hope they'll return, so I'd just move on.

[Vishnu.Reang]

They aren't responding because they aren't coming back. As simple as that. Too much time has passed to have any hope they'll return, so I'd just move on.

Openly challenging the feds was nothing short of idiotic. They thought that they'll be able to use the loopholes and avoid capture. But what happened to Alexander Vinnik probably changed their mind. Vinnik is likely to face a life term without the possibility of a parole, similar to what Ross Ulbricht received. The other team members probably think that it will be safer for them to keep a low profile at this point of time.

[malevolent]

But what happened to Alexander Vinnik probably changed their mind.

Vinnik's arrest happened a year before wex closed down, the rest of the team, assuming they well as implicated as Vinnik, would have been safe so long as they remained in Russia or in Russia-aligned states (e.g. Belarus where one of the founders came from iirc). Like many other cryptocurrency businesses, some of the people behind btc-e/wex decided they've had enough working and were ready to retire.

[figmentofmyass]

an interesting news story that emerged a few months ago: https://www.coindesk.com/crypto-exchange-wex-linked-to-iranian-ransomware-operators

late last year, the USA government (for the first time ever) publicly identified bitcoin addresses associated with individuals on a OFAC sanction list. this was only a few days after WEX lost their .nz domain and quickly disappeared for good.

as it turns out, the sanctioned individuals were using WEX to launder proceeds from the samsam ransomware scheme. this is not a surprise, but violating OFAC sanctions is a far more serious offense than simple money laundering charges. the timing of it all makes me wonder if the sanctions played a role in WEX's unwillingness to keep up the fight.

[easypay]

If any one got any source to claim our funds please let us know

[gentlemand]

If any one got any source to claim our funds please let us know

There isn't one and there probably never will be. If the US government seizes any funds they'll be helping themselves to it. The operators are long gone.

The only scenario where it would be likely is if there was an official liquidator and there is not. If there was there would be a wait of several years and most of the funds would be slowly eaten by expenses.

[LightningSphere]

But they were behind cloudflare, so at cloudflare they know who is wex. Why don't they tell, why do they help fraudsters hide?

[squatter]

But they were behind cloudflare, so at cloudflare they know who is wex. Why don't they tell, why do they help fraudsters hide?

Creating and administering a Cloudflare account only requires email address and password. Billing is possible through credit cards, Paypal, or bank transfer from shell company accounts that will never lead back to the real admins.

If the US government were interested in WEX.nz -- like they were interested in BTC-e -- Cloudflare could help locate their servers. But Cloudflare alone has no idea who they are.

[stmar]

What is it:
https://etherscan.io/address/0xb3aaaae47070264f3595c5032ee94b620a583a39#tokentxns
https://etherscan.io/tx/0x25e96fbce81f03d819d5bc430b274241c79af0e038dcc1e11599e523824bbad6

 

[squatter]

What is it:
https://etherscan.io/address/0xb3aaaae47070264f3595c5032ee94b620a583a39#tokentxns
https://etherscan.io/tx/0x25e96fbce81f03d819d5bc430b274241c79af0e038dcc1e11599e523824bbad6

 

If I'm reading it correctly, then 67,320 DAI stablecoin tokens were withdrawn from the WEX.nz wallet. I assume the admins -- or whoever has control of the funds now -- are planning to wash it through a DEX so they can get some ETH or BTC to sell for cash.

I wouldn't get your hopes up about recovering funds.

[snowyNNN]

News:   https://www.coindesk.com/ex-ceo-of-crypto-exchange-wex-arrested-in-italy

[malevolent]

Wow. What was he thinking traveling outside Russia/Russia-aligned countries? Or he's already consulted lawyers who told him there isn't enough evidence for him to worry about.

[figmentofmyass]

Wow. What was he thinking traveling outside Russia/Russia-aligned countries? Or he's already consulted lawyers who told him there isn't enough evidence for him to worry about.

incredible---the same exact mistake alexander vinnik made! vasilev should have known the stakes. regardless of what his lawyers may have said, it was a dumb move.

sadly, i'm not sure this means much for the victims. to hear vasilev tell it last year, he had completely lost control over administration of the exchange. i doubt he even knows who controls the wallets. (or what's left of them)

[malevolent]

sadly, i'm not sure this means much for the victims. to hear vasilev tell it last year, he had completely lost control over administration of the exchange. i doubt he even knows who controls the wallets. (or what's left of them)

The money is likely long gone, but there are suspicions he was spending way above his means and that the money he was spending came from btc-e/wex.

[LightningSphere]

I don't think Vasilev has the keys of the wallets. Admin does, and he seems to have dissapeared form planet earth. I do think they can get Vasilev to talk, Italians know how to get people to talk...

[LightningSphere]

Any chance we hear anything about the arrest and what is going to happen?

[mecton]

Hello i have find this site : btc-alpha.com for me is same admin btc-e and wex fucking scammeur

[Nihilnostik]

Yes it could be, officially based in U.K. but actually based in Ucrania, russian staff, almost the same poor web design.

If you create a new exchange why would you use a dinosaur design that clearly reminds  Btc-e/Wex ?

Who would want to be related with it?

 https://www.cointelligence.com/exchanges_list/btc_alpha/