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Author Topic: UNOFICIAL: Bittrex has been seized by US Government Authorities.  (Read 328 times)
News11
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December 06, 2017, 10:36:27 AM
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Please take this post with a grain of salt. Although we have dozens of sources reporting the same thing, Bittrex has refused to respond to any inquires, from anybody.

From what we can tell so far is that the Bittrex site has been seized by US authorities. We have it on good authority that the Bittrex website is now under control of and operated by the a US government authority. Our sources would not say which agency, however, we suspect the FBI has taken control of the site and will continue to monitor and observe all activity as long as they are able to before this story hits mainstream media which should be in a matter of days. We are making this public as of December 5, 2017, to as may media outlets as possible to try and aid any persons that may deposit any funds to their website. Unfortuneately, it appears that anybody who has already deposited funds with Bittrex may have lost them already.

So far we have only confirmed this in the US. However, it is likely to affect all account holders.

Here is what we know so far. There is no Bittrex in Las Vegas. There is no Bittrex in Seattle. There is no Bittrex registered in any jurisdiction as far as we can tell. It appears that any and all public information about the company is entirely false. There is no phone number, no address, no registered agent for service of process, yet they allegedly have over $1 Billion dollars deposited.

The reports that we have been given are all very similar. Customers with accounts from several years old to customers with accounts that a few months old have all reported similar experiences. Here are the things they have in common. Most have verified basic accounts. They are allowed to withdraw the equivelent of 0.4 Bitcoin per day, as state in there error messages when attempting to withdraw any funds.

However, they are not even able to withdraw 1 Satoshi for several weeks. The website encourages them to get enhanced verification. Many victims have reluctantly attempted to go through the enhanced verification process and have failed multiple times.

The identical same situation is described by almost every victim that we have been in contact with.
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First the site asks people to upload front and back copies of their ID. Then they ask for a selfie photo of them holding their ID. The go through the entire process only to get an error message. The victim is forced to retype and enter all their information again. The next time they go through the entire process and receive another error. This time the error states that they could not verify identity because either the driver's license or the selfie was blurry.

The site then calls for the customer to email their profile and information to them with an original signed copy. The customers usually comply, despite their reluctant. The site then claims they still are unable to verify the person's identity and asks for a copy of their social security card and a copy of their utility bill.

Once these are all submitted, another error comes up and states that the utility bill is unacceptable because it is an online copy (some report it was because they receive electronic billing and others report they did an actual scan of their bill. Regardless, it is irrelevant because they will ask for even more documents.

After the customer resubmits all documents again, they get a message stating that they have submitted too many verification attempts and that they must contact customer service to schedule their withdraw and need to submit a ticket.

Which many clients have already done before. So they submit another ticket. The y then receive a "snotty," "disrespectful," and many other adjectives that don't bear repeating, which states that they have already submitted a previous ticket on this matter several weeks ago, so now as a penalty, both tickets will be combine into one at the most recent date.
Which apparently implies that the two weeks they have been waiting is all wasted and they go to the back of the line.

As far as we can tell, it appears that nobody has been able to make a withdraw in Bittrex in approximately 2 weeks at least.

We have been in contact with several other journalists and they have reported an almost identical pattern. Many are holding this story until they fully verify their sources, however, it is doubtful that they will want to miss out on one of the biggest scandals in history.

On a final note, we would strongly encourage everybody that has coins held on Bittrex to remove them to a private wallet ASAP. It is doubtful that it will be possible though.

If anybody is successful at making any type of withdraw, please let us know as many details as you can so we can begin to assemble a potential list of data points that can be shared with the community.

PLEASE DO NOT SEND US ANY PRIVATE KEYS AND DO NOT SEND ANY PRIVATE KEYS TO ANYBODY WHO ASKS YOU. We do not need private keys to continue this investigation and anybody who claims that you need to give them your private keys are most likely a scam.



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December 06, 2017, 10:41:29 AM
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Are they to apply KYC to their customers? Its more likely a requirement nowadays.

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December 06, 2017, 11:11:40 AM
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This sounds like a bunch of baloney for a few reasons:

1) The US government is concerned with those services that convert to and from the US Dollar. In order to convert to the Dollar, an exchange must become compliant with federal "money transmitting services" regulations.

2) Bittrex doesn't convert to and from any fiat currency (including the US Dollar). For that reason, the US federal government isn't concerned with what Bittrex does. As far as the US government is concerned, Bittrex is engaged in converting one "useless" (ie., fiat-less) token for another.

3) There is one exception to this rule: If a government (including but not limited to the United States) thought that a website/business/entity was involved in other kinds of illegal activity — like financing drugs or weapons, or promoting child prostitution, and so on — then that government might inject itself into its proceedings. However if that government's fiat currency wasn't involved, then the criminal charge would pertain to the illegal activity itself and have little to do with any fiat-less tokens being exchanged.

I think the more important question here is this: Why did the original poster go to all the trouble of creating this remarkable FUD about Bittrex today???
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December 06, 2017, 11:13:12 AM
 #4

If it's true that bittrex is already in U.S control, then I just hope it's not true. And if the news you share is true, then I am also not too worried because I do not very often trading in bittrex.

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December 06, 2017, 11:38:56 AM
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while bittrex is the worst exchange at the moment IMO , I really doubt that this scenario is true especially that  users are able to trade and withdraw normally
they blocked all countries that US forbade dealing with , but this has nothing to do with seizing

there is something wrong going with bittrex these days , but seizing aint one

I'm hoping that they will pay the locked funds for theire members before a worst scenario happens

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December 06, 2017, 04:03:06 PM
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My account disabled since 2 months ago and they didn't response.
Fuck them, damn.
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December 06, 2017, 05:56:40 PM
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When a website is seized by US Government Authorities, they are required to display it on the homepage from the day one. So when you visit the site you will see a big logo from a U.S. agency telling that Bittrex has been seized... bla bla... article XYZ bla bla

Then if the authorities need to investigate, they get the databases etc and scrutinize it outside, in their own environment

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December 06, 2017, 05:59:45 PM
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When a website is seized by US Government Authorities, they are required to display it on the homepage from the day one. So when you visit the site you will see a big logo from a U.S. agency telling that Bittrex has been seized... bla bla... article XYZ bla bla

Then if the authorities need to investigate, they get the databases etc and scrutinize it outside, in their own environment

They didn't put up the seizure page when they seized that CP site on Tor.  In fact they kept it running for several weeks like nothing had happened so they could catch some of the customers.

https://arstechnica.com/tech-policy/2015/07/feds-bust-through-huge-tor-hidden-child-porn-site-using-questionable-malware/

You are in a maze of twisty little passages, all alike.
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December 07, 2017, 04:53:37 PM
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When a website is seized by US Government Authorities, they are required to display it on the homepage from the day one. So when you visit the site you will see a big logo from a U.S. agency telling that Bittrex has been seized... bla bla... article XYZ bla bla

Then if the authorities need to investigate, they get the databases etc and scrutinize it outside, in their own environment

They didn't put up the seizure page when they seized that CP site on Tor.  In fact they kept it running for several weeks like nothing had happened so they could catch some of the customers.

https://arstechnica.com/tech-policy/2015/07/feds-bust-through-huge-tor-hidden-child-porn-site-using-questionable-malware/
Yeah I have read the article and I was wrong.

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