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   532

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 On Saturday evening, July 29th, all the coins were withdrawn by one transaction. The total withdrawn amount was 485,705.4597502 ETH, which at the current market rate is almost $95 million.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 Asked For Political Asylum in Greece

While the question of granting Vinnik political asylum is being considered, he can not be extradited
22 January 2018   168

Russian Alexander Vinnik, accused in the US of laundering several billion dollars, asked for political asylum in Greece. This was reported by his lawyer Ilias Spirliadis to Vesti. Ru

He noted that if his client is extradited to the American side, then they will be treated not according to European standards, but, possibly, he will be tortured. In addition, Vinnik is an expert in the field of the blockchain, and this information is of interest to the US authorities, which gives the case a political coloration, the lawyer added.

According to him, the statement was sent to the Minister of Justice of Greece, as well as to the Attorney General's Office of Athens and Thessaloniki. It will take time to review the document, so while Vinnik is not extradited anywhere. If a negative decision is taken, it can be appealed.

In addition, a complaint is being prepared to the European Court of Human Rights. Defence of the Russian believes that certain articles of the Convention on the Protection of Human Rights and Fundamental Freedoms were violated against him, reports Interfax.

In July 2017, the Greek authorities detained a 38-year-old Russian citizen Alexander Vinnik, who was accused of laundering $ 4 to $ 9 billion and manipulating the cryptocurrency. The request for its extradition was also sent by the Russian Prosecutor General's Office. At home, he is accused of major fraud. On October 4, the Greek court granted a request for the extradition of Vinnik USA. Later, the Supreme Court of Athens confirmed the legality of this decision.