Status of WEX (World Exchange Services)

[Vishnu.Reang]

yea I'm hoping against hope too - if anybody from the original btc-e team was involved I'd expect them to have a strong moral compass - those guys went against the Feds to at least try and bring back wex.nz. Hoping someone with a conscience from the team comes across these posts !

We should have withdrawn our coins when they set up Wex.nz. Can't blame these guys too much. After the feds seized BTC-e, they showed outstanding courage to set up Wex. They could have easily vanished, but they still reimbursed most of the funds and activated trading in Wex. I don't know what happened in the end, but I guess the feds won the game.

[thenoblebot]

We should have withdrawn our coins when they set up Wex.nz. Can't blame these guys too much. After the feds seized BTC-e, they showed outstanding courage to set up Wex. They could have easily vanished, but they still reimbursed most of the funds and activated trading in Wex. I don't know what happened in the end, but I guess the feds won the game.

I still have some hope somewhere, I know its bleak - but hope the funds are still in their possession and they use some decentralized means to distribute it to us. Wish the Feds were more sensible - they are actually hurting people who are caught in the crossfire here.

[dan_and_shan]

Is there any new information , even just a liquidation statement for tax purposes?

[JayJuanGee]

give invite https://viva-e.com

why would anyone have any reason to believe this is real?  Has there been an announcement?  Strange.

[nak333]

give invite https://viva-e.com

why would anyone have any reason to believe this is real?  Has there been an announcement?  Strange.

Suspicious site. Copy of former BTC-e.com (WEX.nz)   

[nak333]

There is no tweet from
https://twitter.com/WEXnz
https://twitter.com/btcecom

[bryant.coleman]

There is no tweet from
https://twitter.com/WEXnz
https://twitter.com/btcecom

The last tweet from these accounts were made in 2018. I don't think that the BTC-e team controls these Twitter accounts anymore. But at the same time, I would be cautious about the new site (https://viva-e.com). It may be a trap to get details of the former users of Wex.nz / BTC-e.com. I am not going to give them my email, until someone confirms that this exchange is a successor to Wex.nz.

I had some $1,000 worth of my funds in Wex.nz, when the feds seized the domain and the wallets (mostly Litecoin, but some BTC as well). I am willing to bear those losses rather than trying my luck with the new exchange. The chances are quite low that Wex.nz will be resurrected ever again. Alexander Vinnik is never going to come out of the prison alive, and the other owners (Alexander Buyanov, Andrii Shvets.etc) have gone AWOL.

[Scott3779]

I just tried to log onto viva-e using my old wex account, but could not. It said my username didn't exist. I was hoping to grab my coins and gtfo

[kaskarder]

I just tried to log onto viva-e using my old wex account, but could not. It said my username didn't exist. I was hoping to grab my coins and gtfo

So, does it mean that it is not a scam?
People talk there, trade there. Where can I get an invite code?

[nak333]

So, does it mean that it is not a scam?
People talk there, trade there. Where can I get an invite code?

We don't know that the site is scam or not.
You don't need a invite link. You can sign up with this link (https://viva-e.com).
But, my advice is don't sign up there unless it is confirmed that the site reliable.
Because, I read in troll box there that the withdrawal fee of fiat is 10%.

[Scott3779]

When wex started up after the BTC-e shut down, the same user names and passwords got you right in and there your balances were. Less the 45% the feds stole. I was hoping something could be salvaged. I don't recognize any names in trollbox. And the page only show 25 total users. I have no intention of opening a new account.

[malevolent]

45% haircut was only if you wanted to get your money right away, if you waited a couple weeks longer the haircut was 38%, and it was converted into tokens which could be sold for about half of their nominal value, effectively lowering the haircut to ~19%

[bryant.coleman]

45% haircut was only if you wanted to get your money right away, if you waited a couple weeks longer the haircut was 38%, and it was converted into tokens which could be sold for about half of their nominal value, effectively lowering the haircut to ~19%

When Wex came back online and reimbursed the users, I thought that they'll be online for a while. I didn't withdrew my coins and in the end I lost all of the funds that I had there. But still, I don't blame them. The funds were stolen by the feds, who are saying that Alexander Vinnik used BTC-e to launder stolen coins from Mt Gox. In the end, these coins will be eaten by the FBI, and none of the parties involved (BTC-e users, Mt Gox users.etc) will get any share from that.

Although I don't want to blame them, I thought that the BTC-e owners were a bit arrogant. The feds initially asked for user information of the American clients. BTC-e refused and told them GTFO. This enraged the feds, who managed to seize 45% of the funds and the BTC-e domain. But the exchange owners were adamant and in just a few months they reappeared as Wex.nz. The feds became even more enraged and unfortunately for the owners, the FBI had the last laugh.

[malevolent]

Wex.nz closed down not due to some countries' authorities but due to internal disputes/thievery. It probably wasn't easy to run the business when they had to shut down btc-e and pretend there's no connection between btc-e and wex.

[nak333]

When Wex came back online and reimbursed the users, I thought that they'll be online for a while. I didn't withdrew my coins and in the end I lost all of the funds that I had there. But still, I don't blame them. The funds were stolen by the feds, who are saying that Alexander Vinnik used BTC-e to launder stolen coins from Mt Gox. In the end, these coins will be eaten by the FBI, and none of the parties involved (BTC-e users, Mt Gox users.etc) will get any share from that.

Although I don't want to blame them, I thought that the BTC-e owners were a bit arrogant. The feds initially asked for user information of the American clients. BTC-e refused and told them GTFO. This enraged the feds, who managed to seize 45% of the funds and the BTC-e domain. But the exchange owners were adamant and in just a few months they reappeared as Wex.nz. The feds became even more enraged and unfortunately for the owners, the FBI had the last laugh.

Well said bryant.coleman
When BTC-e came back as WEX.nz, I thought that they will stay for long.
So, I transferred more to WEX.nz and I lost more than that I had in BTC-e.

Wex.nz closed down not due to some countries' authorities but due to internal disputes/thievery. It probably wasn't easy to run the business when they had to shut down btc-e and pretend there's no connection between btc-e and wex.

We are not 100% sure about internal disputes/thievery. It can be only a rumor. The source of that story is only a Facebook post. Who knows he was telling a lie or truth.

[zolegaxohu]

We don't know that the site is scam or not.
You don't need a invite link. You can sign up with this link (https://viva-e.com).
But, my advice is don't sign up there unless it is confirmed that the site reliable.
Because, I read in troll box there that the withdrawal fee of fiat is 10%.

I tried to sign up without an invite code, does not work. it says "Incorrect invite code".

[kaskarder]

I tried to sign up without an invite code, does not work. it says "Incorrect invite code".

This exchange really works.
I will get an invite code soon.

https://www.youtube.com/watch?v=59OCvgceczU

[Scott3779]

I tried to sign up without an invite code, does not work. it says "Incorrect invite code".

This exchange really works.
I will get an invite code soon.

https://www.youtube.com/watch?v=59OCvgceczU

Saw the video. Not very convincing but did have 157 views which is three times the actual users on viva-e. 3 btc volume. It's bullshit.

[Sweminer777]

July 19 2019 . Dmitri Vasilev, the former CEO the now defunct crypto exchange WEX, was arrested Friday in Italy, the BBC’s Russian Service reported.

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

[nak333]

July 19 2019 . Dmitri Vasilev, the former CEO the now defunct crypto exchange WEX, was arrested Friday in Italy, the BBC’s Russian Service reported.

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

Thanks to share this link.