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Author Topic: FBTC closed - Dutch police seize Bitcoins, potential owner of FBTCexchange.com  (Read 1029 times)
SamBrannan49
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October 29, 2013, 07:40:46 AM
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Hey, for everyone who missed it so far:

The Dutch FBTC Exchange got closed in relation to a scam case...

"The Dutch gang allegedly laundered money through Bitcoin transactions and even set up their own Bitcoin exchange service - FBTC Exchange - that went dark after the arrests."

http://www.informationweek.com/security/attacks/dutch-banking-malware-gang-busted-bitcoi/240163193

and

"The police investigation focuses on the period from spring 2012 through to today, and on more than 150 fraudulent transactions. Multiple banks and businesses have filed cybercrime reports. The extent of the damages approaches potentially more than a million Euro."

http://www.reddit.com/r/Bitcoin/comments/1p4qpw/dutch_police_seize_bitcoins_potential_owner_of/

For everyone who understands Dutch, there's a discussion going on here: https://bitcointalk.org/index.php?topic=317382.0

- Sam
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Anthony1982
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October 29, 2013, 08:06:31 AM
 #2

Hey, for everyone who missed it so far:

The Dutch FBTC Exchange got closed in relation to a scam case...

"The Dutch gang allegedly laundered money through Bitcoin transactions and even set up their own Bitcoin exchange service - FBTC Exchange - that went dark after the arrests."

http://www.informationweek.com/security/attacks/dutch-banking-malware-gang-busted-bitcoi/240163193

and

"The police investigation focuses on the period from spring 2012 through to today, and on more than 150 fraudulent transactions. Multiple banks and businesses have filed cybercrime reports. The extent of the damages approaches potentially more than a million Euro."

http://www.reddit.com/r/Bitcoin/comments/1p4qpw/dutch_police_seize_bitcoins_potential_owner_of/

For everyone who understands Dutch, there's a discussion going on here: https://bitcointalk.org/index.php?topic=317382.0

- Sam
wow.
But scam and laundering is not the same.
Rannasha
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October 29, 2013, 08:14:00 AM
 #3

Hey, for everyone who missed it so far:

The Dutch FBTC Exchange got closed in relation to a scam case...

"The Dutch gang allegedly laundered money through Bitcoin transactions and even set up their own Bitcoin exchange service - FBTC Exchange - that went dark after the arrests."

http://www.informationweek.com/security/attacks/dutch-banking-malware-gang-busted-bitcoi/240163193

and

"The police investigation focuses on the period from spring 2012 through to today, and on more than 150 fraudulent transactions. Multiple banks and businesses have filed cybercrime reports. The extent of the damages approaches potentially more than a million Euro."

http://www.reddit.com/r/Bitcoin/comments/1p4qpw/dutch_police_seize_bitcoins_potential_owner_of/

For everyone who understands Dutch, there's a discussion going on here: https://bitcointalk.org/index.php?topic=317382.0

- Sam
wow.
But scam and laundering is not the same.

The group distributed trojans that injected fraudulent transactions into online banking applications of victims. They used their Bitcoin-exchange to launder the money they stole in this way.
horsebox1
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October 29, 2013, 06:54:47 PM
 #4

I have fiat on there, I sold BTC but hadnt yet withdrawn to my bank account. Am I screwed?
TheNewAnon135246
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October 29, 2013, 06:58:47 PM
 #5

I have fiat on there, I sold BTC but hadnt yet withdrawn to my bank account. Am I screwed?

You'll won't get it back. Everything is seized and there is no way they'll spend time afterwards in refunding everyone.
horsebox1
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October 29, 2013, 08:03:51 PM
 #6

Bastards
SamBrannan49
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October 30, 2013, 07:32:17 AM
 #7

I had a small amount of Fiat in there as well...

Quote from the Reddit article:

Quote
The public prosecutor's office seized 56 bitcoins, which have since been exchanged to more than 7700 Euro.

Looks like the prosecutor simply liquidated everything they could a hold on... But it doesn't say that exactly, so maybe there's still hope.

If anyone of you manages to get refunded, let us know how Wink
TheNewAnon135246
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October 30, 2013, 08:21:59 AM
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I had a small amount of Fiat in there as well...

Quote from the Reddit article:

Quote
The public prosecutor's office seized 56 bitcoins, which have since been exchanged to more than 7700 Euro.

Looks like the prosecutor simply liquidated everything they could a hold on... But it doesn't say that exactly, so maybe there's still hope.

If anyone of you manages to get refunded, let us know how Wink

There is also a possibility that the prosecutor will use the funds to (partially) repay the people who got hacked,since they lost 'real' money.
OleOle
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October 30, 2013, 08:29:04 AM
 #9

Bastards

It's a brutal situation  Undecided

cointraffic
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October 30, 2013, 10:17:36 AM
 #10

Quote
The group distributed trojans that injected fraudulent transactions into online banking applications of victims. They used their Bitcoin-exchange to launder the money they stole in this way.
Sounds more like their exchange was misused by others for this purpose… Would be kind of supid by the botmasters to use their own exchange for it.
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