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.
— BTC-E (@btcecom) July 31, 2017
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.