BTC-E: "Vinnik never was the member of our team"

According to official statement of the service, Vinnik never was a member of their team and they are going to set exchange live or refund the assets
31 July 2017   1285

Is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen

BTC-e representatives promised to return all lost funds to investors. Additionally, theystated that Alexander Vinnik had never been the head or employee of their service. The official statement was posted on the Bitcointalk forum and shared thru official Twitter.

According to a Bitcointalk forum, at 25th of July, the FBI agents seized all the equipment from their datacenter.

Servers contained databases and wallets of our service. We could not get any information from our hosting provider for six days. Because of this we can publish this message only now. On 28th of July, the domain was confiscated. At the moment, part of the service is arrested by the FBI.

BTC-e team (translated from Russian)


Distributed database that is used to maintain a continuously growing list of records, called blocks

They also announced that in nearest 1 or 2 weeks team will estimate the amount of funds, which was seized by the FBI and what amount is available for refund. If team will not be able to start service again, "from the 1st of September we will start the refund process"

Additionally, BTC-e officially stated that "Alexander (Vinnik) never was a member a leader or a member of our team."

Alexander Vinnik was arrested 25th of July in Greece. BTC-e is unavailable from 25th too. Official reason is maintenance. According to the experts, BTC-e was used to cash 95% of ransomware payments. Also, a group of enthusiasts connected Vinnik with Mt.Gox.

Crypto Investor to File Lawsuit Against AT&T

Michael Terpin believes that AT&T helped scammers to still his $24M worth crypto
16 August 2018   125

In the Los Angeles District Court, a 69-page lawsuit was filed by BitAngels founder Michael Terpin against the American telecom giant AT&T. Terpin claims that the operator assisted fraudsters in "stealing digital personal data" from the account on his smartphone, which is why he lost $ 24 million in cryptocurrency, according to an official release.

According to Terpin, for seven months, there were two hacks. Initially, an attacker got access to his phone number without providing a password or correct identification data. Later, the phone number was used to steal crypto.

AT&T’s studied indifference to protecting its customers’ privacy and financial assets is a metastasizing cancer, threatening hundreds of millions of unsuspecting AT&T’s customers. Our client had no idea when he initially signed up, nor when later he was promised the highest level of security for his account, that low-level retail employees with access to AT&T records, or people posing as them, can be bribed by criminals to override every system that AT&T advertises as unassailable.

Pierce O’Donnell
Lead counsel for Terpin in this complaint

Michael Terpin requires AT & T to pay him $ 224 million - $ 200 million for moral damages and $ 24 million for actual theft.