WEX exchange started own tokens bought out

Ex - BTC-e cryptocurrency exchange started the program for the own tokens bought out
02 November 2017   2568

Tokens were issued to compensate for the missing fiat funds of the former BTC-e cryptoexchange, which was closed due to accusations by the US authorities of money laundering and participation in unlawful activities.

The program will consist of two stages. At the first stage, tokens will be redeemed in parts. Information on the percentage of purchased tokens will be published on November 2. At the moment of press, there are no information about it in official WEX channels.

Our company is working under the laws of Singapore which considers digital currencies and tokens as a "digital asset". It means that we have the right to issue tokens, a “digital asset” with conditions and price specified at the start and available for trading.
 

WEX announcement

We will keep our eye on this situation so stay tuned! 

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   227

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.