WEX to be Called for Singapore Court

Thai citizen, ex BTC-e trader Pimporn Karti, filed a claim for $2,600,000 to WEX 
12 July 2018   2210

In accordance with the order issued by the High Court of Singapore with respect to World Exchange Services (WEX), the defendant is obligated to pay Pimporn Karti, a Thai citizen, $ 2,619,912.08 plus additional SGD 2,000 or appear on 12 July to protect its interests in the trial. Otherwise, the court can make a decision not in favor of the defendant without further notice, the document says. This is reported by Coin Radio.

WEX is the legal successor to the infamous BTC-e exchange - once the largest Russian crypto exchange. BTC-e ceased to exist after the arrest in July 2017 Alexander Vinnik. At the same time, the FBI arrested the exchange server in the data center in New Jersey.

According to the statement of claim, which is attached to the court summons sent to WEX, on September 19, 2017, the crypto-exchange on its official website notified that it received from the BTC-e digital user profiles in full. At the same time, access to the client's assets was lost.

The plaintiff since 2012 was the trader of the BTC-e site, where he had three accounts with four crypto-currencies: bitcoin, ether, lightcoin and Namecoin. As of July 3, 2017, one of the accounts held 10 572.36 LTC coins. The plaintiff does not remember the balances of the other two accounts, because since July 25, access to the BTC-e platform was impossible.

On September 20, WEX returned access to the system. Upon entering the account, the plaintiff discovered that the structure of the balances on his accounts changed, some funds were lost.

Then the husband of Pimporn Carti contacted the WEX support service and asked to return the balances to the previous state. He was told that all claims of customers for reimbursement are considered by a third party - the company FXOpen, which provides trading services in the forex market. On October 2, 2017, FXOpen informed the plaintiff by e-mail that it had no means of BTC-e in its system and recommended to contact the representatives of this site again.

However, the defendant did not comply with the request and did not provide a report on how the balances of the plaintiff's accounts were reduced.

At the moment, Pimporn Carti, a Thai citizen, has the following requirements for WEX:

  • return the balances according to the following structure: 139,81467001 BTC, 11,645.36 LTC, 715.21047164 Name coins, 49.61 ETH;
  • as an alternative: to pay monetary compensation in the amount of 3 512 306.53 Singapore dollars, which is equivalent to $ 2 619 912.08. The amount is calculated in accordance with the WEX crypto exchange rate as of May 25, 2018;
  • as an alternative: provide all the necessary data on the balances of all plaintiff accounts opened in BTC-e and transferred to WEX.

Mt. Gox' Trustee to Ask Info On BTC-e's Vinnik

It is assumed that Alexandr Vinnik was related to the BTC-e (WEX) exchange; he is suspected in laundering $4B
02 October 2019   444

The trustee of the bankrupt Bitcoin exchange Mt.Gox Nobuaki Kobayashi turned to the US Department of Justice for information about the Russian Alexander Vinnik, who is suspected of laundering at least $ 4 billion through the BTC-e exchange. It is reported by CoinDesk.

Back in July 2017, WizSec researchers came to the conclusion that Vinnik was directly involved in the theft of funds from Mt.Gox and their further laundering.

The US Department of Justice is also convinced that of the 850 thousand bitcoins stolen in 2014 with Mt.Gox, more than 300 thousand were transferred to BTC-related wallets.

This summer, the department filed a lawsuit against Alexander Vinnik, whose extradition Washington is seeking from Greece, and the MTC demanding to reimburse $ 100 million for violating the provisions of the Bank Secrecy Law.

In addition, according to media reports, on October 1, a meeting of Mt.Gox lenders took place. According to documents published by Nobuaki Kobayashi’s office, as of the end of September, the exchange had 141.686 military-technical exchanges and 142.846 VSN.

The rehabilitation plan should be submitted by October 28th. However, the trustee noted that the deadlines could be postponed due to the large number of applications from creditors.