Detained Russian controlled Bitcoin exchange

Alexandr Vinnik, 38 years old Russian citizen, arrested due to suspected money laundering
27 July 2017   2334

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

A Russian citizen who was detained in Greece on suspicion of money laundering with the help of bitcoins, was connected with the bitcoins exchange BTC-E. This is reported by Greek news portal Daily Thess.

Alexandr Vinnik arrested
Alexandr Vinnik arrested
Alexandr Vinnik arrested

According to above mentioned Daily Thess, Vinnik rested in one of the most expensive hotels in the Chalkidiki region, without even suspecting that he had been closely followed by the FBI and the Greek police for several months.

On July 25, as a result of the special operation, Alexander Vinnik was arrested, and today he was handcuffed to the Prosecutor's Office of Thessaloniki, where the procedure of his extradition to the United States was launched.

According to US law enforcement agencies, Vinnik is one of the leading members of a criminal organization that has cleared more than $ 4 billion through the BTC-e crypto exchange since 2011. It is noteworthy that Alexander Vinnik was tracked through an account in the WebMoney payment system.

The documents of the US Justice Department, sent to the Greek authorities, also state that the criminal organization was related to the part of the funds that disappeared after the bankruptcy of the Bitcoin Exchange Mt. Gox. As a result of the alleged hacking of Mt. Gox in 2014, about 850,000 BTC were abducted, and according to law enforcement agencies, 306,853 BTC of them were transferred to wallets associated with BTC-e.

The BTC-e exchange itself is called one of the world's largest electronic platforms for money laundering, obtained by criminal means. According to the US Justice Department, funds received as a result of cyberattacks and extortion, drug trafficking and tax evasion were laundered at the BTC-e.


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

As informs, the portal managed to receive the information that Alexander Vinnik is one of the owners and administrators of BTC-e. This information was shared by the administrator of the service.

BTCE is unavailable from 25th of July. The official reason is “maintenance”.

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   120

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.