BTC-E upd: no withdrawal on Sept 1

Bitcoin exchange BTC-e makes an announcement concerning its revival
31 August 2017   1831

Bitcoin exchange BTC-e has gone offline this July due to the Alexander Vinnik case. On 25th of July, the FBI agents seized all the equipment from their data centre. On Saturday evening, July 29th, all the coins were withdrawn by one transaction. The total withdrawn amount was 485,705.4597502 ETH, which at the current market rate is almost $95 million. 

Since then, the exchange team has made several announcement via concerning its plans for the company's revival. 

BTC-e update BTC-e update

Now, BTC-e’s latest announcement focuses on an update on August 30th and indicates it will publish daily updates after August 31st. Thus, according to the team, a process of transferring digital resources to an unnamed investment company is currently going on, so as to prepare these resources for its relaunch.

The company claims that he relaunch will happen over a several week-period, occurring in three stages:

  1. User information will be transferred to an as-yet-unnamed company "in full compliance with the European directives on personal data and in compliance with European legislation in this field". This is to be completed by September 15th.
  2. An unnamed financial investment firm will move to restructure the exchange's digital assets and begin an accounting of the transferred user data.
  3. The investment firm will "audit and register personal data in accordance with AML laws and KYC identification procedures".

In parallel with the legal issue of restructuring, users will be given the opportunity to check the integrity of the digital balance in the user's account, and users will be able to make changes in the security of the account. For chat and support the service will be launched on the old domain ( You will be able to log in and check your balance before recounting.

BTC-e representative 

The company also points out the the next update will be released on September 1st. 

However, BTC-e customers seem to be quite disappointed:

You said originally that either the exchange would run by end of august or you would refund everything. Why not refund what you have now and transfer the rest to the new entity?

data user

Obviously, most of the users expected to get access to the funds withdrawal before September 1st.

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   21

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


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.