Withdrawal of $169M from the exchange, Russian detained

Are these situations connected? Let's figure it out
26 July 2017   2274

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

Law enforcement agencies of Greece detained a Russian, wanted by the US authorities on suspicion of laundering $ 4 billion through transactions with bitcoins. This is reported by The Associated Press referring to the statement of the Greek police.

The suspect was detained in the morning of July 25 in one of the hotels. His name is not called, it is known only that he is 38 years old. During the detention from the hotel room in which he lived, electronic equipment was seized.

What was the scheme of money laundering is not specified.

The charge for money laundering to a man was filed in 2011. According to the Greek authorities, the detainee is headed by a criminal group that owns one of the world's largest cybercrime sites. The name of the site is not specified.

Also, an interesting coincidence arise. Popular cryptocurrency exchange is anavailable for more than 24 hours now.

At the moment, btc-e.nz is available, but there is only a stab with Twitter.

btc-e.nz stab
btc-e.nz stab


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

Reddit users, that are writting under #btce, suggest that the exchange could be closed or be hacked. It is also possible that fraudsters have access to funds in bitcoin-purses.

Indirectly, this version is confirmed by Twitter users who reported that unknown hackers withdrew  $ 169M from the exchange.

One Twitter user even created a "timeline".

Does these two situations connected? Well, time will show. 

Line to Launch Bibox Exchange in Singapore

Bitbox supports 28 digital currencies, including Bitcoin, Ethereum, USDT, XRP, Litecoin, Ethereum Classic, Bitcoin Cash, Bitcoin Gold, MonaCoin, Qtum and Golem
16 July 2018   110

One of the most popular messengers in Asia Line has launched a Bitbox exchange in Singapore. Trading on the platform started this morning and is limited to pairs with crypto-currencies, Cryptovest reports.

Bitbox supports 28 digital currencies, including Bitcoin, Ethereum, USDT, XRP, Litecoin, Ethereum Classic, Bitcoin Cash, Bitcoin Gold, MonaCoin, Qtum and Golem.

BITBOX is only for trading cryptocurrencies (Digital Tokens). Fiat currencies (USD, KRW, etc.) cannot be exchanged on BITBOX.

Bitbox Website

Bitbox charges a 0.1% commission and supports 15 languages, including English, Korean, Chinese, Spanish, French and German. In Russia, the US, Japan and some other countries, the exchange is not available.

At the beginning of the year, Line Group applied for a license to the Japan Financial Services Agency, but the process dragged on because of tightening of the regulator's requirements in the light Coincheck exchange hack. All crypto exchange, wishing to provide services in the Japanese market, are required to obtain permission from the local regulator.

Currently, Line is also in the process of obtaining a license in the US. The company decided to open its first trading platform for crypto-currencies in Singapore, as this city-state adheres to a progressive approach to the regulation of the digital currency sphere.

With cryptocurrency, we are going to take our challenge in financial services global.

Takeshi Idezawa

CEO, Line

In May, Line Group denied rumors that it intends to release its own token and distribute it through the ICO. Every month Line is used by about 200 million people. The messenger is extremely popular in Japan, South Korea and Thailand.