BTC-e: 100% of users' money is currently lost

BTC-e users’ funds are currently lost, while the exchange blames a third party
31 October 2017   1786

Bitcoin exchange BTC-e has gone offline due to the Alexander Vinnik case in July, 2017. At 25th of July, the FBI agents seized all the equipment from their data center. On Saturday evening, July 29th, all the coins were withdrawn by one transaction. The total withdrawn amount was 485,705.4597502 ETH, which at the current market rate is almost $95 million. A bit later, BTC-e support team reported on having access to its database and wallets. 

Since then, the exchange team has made several announcement via bitcointalk.org concerning its plans for the company’s revival. The exchange also relaunched as World Exchange Services (WEX). Thus, WEX clarified that it did receive digital assets from BTC-e, but not fiat balances or any financial obligations. 

The company has always stated that “funds will be returned to everyone.” However, now two companies tell the users that the other one has their funds.

In particular, the users claim that, earlier this month, WEX started verifying the identity of fiat currency holders to refund them while complying with AML/KYC regulations. The users got an email that told them to contact a third-party that reportedly handled their financial operations and was presumably in control of the funds: a company called Money Polo.

After contacting the company, users were told that Money Polo received their money, and credited it to BTC-e, who may now seemingly be escaping the situation, as it is now WEX, an exchange that claimed not to “buy or accept any financial obligations form ex-BTC-e.”

MoneyPolo
image: cryptocoinsnews.com

In an attempt to get either WEX or Money Polo to further clarify the situation, users have been contacting these two companies in every possible way, but so far have only gotten the same answers.

It’s selective scamming: 1) they scam some clients; 2) the clients complain for awhile; 3) most of them give up after few weeks; 4) easy profit. BTC-e always did this….but now they had the perfect situation to SCAM big money.
 

BTC-e user to cryptocoinsnews.com

The users even believe that BTC-e is selectively scamming some users, so the majority of them eventually give up on their cause after a few weeks. 

In whose hands is the users' money, remains to be seen. 

Vinnik Extradtion to France to be Supported by SCoG

Alexander is holding the hunger strike for 24 days and lost around 9 kilos
19 December 2018   693

Following the trial court of the city of Thessaloniki, the Greek Areopagus decided to extradite Alexander Vinnik, suspected of laundering $ 4 billion through the BTC-e cryptocurrency exchange, to France. Thus, the appeal of Russian lawyers was rejected, reports TASS referring to the chairman of the court Angelique Aliferopoul.

After the announcement of the verdict, Alexander Vinnik declared that he would continue the hunger strike against the arbitrary rule of the Greek authorities, which began in mid-November.

I have been starving for 24 days. Yesterday I was weighed; according to the documents, I lost 8 kg. But they did not immediately begin to weigh me, only on the third day. So I lost 9 kg. If I'll be extradited to Moscow, I will stop starving.
 

Alexander Vinnik

Suspected

Alexander Vinnik was detained in Greece at the request of the American authorities on July 25, 2017. In June 2018, Vinnik was arrested in absentia in Russia on charges of cyber fraud on a large scale.

At the moment, there have been several court decisions on the extradition of Vinnik - at the request of the United States, at the request of France and two decisions at the request of Russia. The final decision on the case will take the Minister of Justice of Greece.