Not tryin to spread FUD as I am someone with a lot of funds on btc-e, but if u do the math it seems to add up. Btc-e opend in 2011 check, btc-e ran by Russian check with threads ive read matching name of btc-e operator but I cant confirm the name from full legit source.....66000 btc moved out of cold storage wallet before btc-e goes down according to some threads....the only thing really peeps seems to be holding hope on atm is that site says down maintenance and NOT SEIZED....lets hope its just all everything works out but atm I'm not holding my breath...
https://www.coindesk.com/4-billion-russian-man-arrested-alleged-bitcoin-money-laundering-scheme/
US and Greek authorities have reportedly arrested a Russian man believed to be behind a multi-year money laundering scheme orchestrated through bitcoin transactions.
According to the Associated Press, the as-yet-unnamed individual was arrested in Greece, with electronic equipment being confiscated at the time.
While details about the individual are scarce, AP reports that the person in question is 38 years old and, citing Greek police, was involved in the management of "one of the largest cybercrime websites in the world."
The person has been accused of laundering $4 billion since 2011 using bitcoin. At this time, it's unclear how the funds were sourced or which kind of cybercrime website the person is accused of operating.
Further details may be forthcoming, given that the individual in question is wanted in the US and could be extradited to face charges and a subsequent trial
http://www.reuters.com/article/us-greece-russia-arrest-idUSKBN1AB1OP?il=0
ATHENS/MOSCOW/NEW YORK (Reuters) - A Russian man suspected of being the anonymous mastermind behind one of the world's oldest crypto-currency exchanges and of laundering at least $4 billion has been arrested in Greece, police and sources said on Wednesday.
Police sources identified him as Alexander Vinnik, 38, who was arrested after a tip-off in a small beachside village in northern Greece on a U.S. warrant. Police said the United States would seek to extradite him.
Two sources close to the BTC-e virtual currency exchange, who declined to be named while commenting on an ongoing case, said Vinnik was a key person behind the platform, which has been offline since reporting "technical problems" late on Tuesday.
"An internationally sought 'mastermind' of a crime organization has been arrested" Greek police said in a statement. "Since 2011 the 38-year-old has been running a criminal organization which administers one of the most important websites of electronic crime in the world."
Police said "at least" $4 billion in cash had been laundered through a bitcoin platform since 2011 - the year BTC-e was founded - with 7 million bitcoins deposited, and 5.5 million bitcoins in withdrawals.
Bitcoin was the first digital currency to successfully use cryptography to keep transactions secure and hidden, making conventional financial regulation difficult if not impossible.
Vennik's arrest is the latest in a series of U.S. operations against Russian cyber criminals in Europe. Last week, the U.S. Justice Department moved to shut down the dark web marketplace AlphaBay.
The U.S. prosecutions come as scrutiny of Russian hackers intensifies, after U.S. intelligence officials accused Moscow of hacking last year's U.S. presidential election to bolster Donald Trump's chances, something Russia denies.
There was no indication Vennik's case was connected to the U.S. hacking charges. The U.S. Justice Department, the Russian Foreign Ministry and BTC-e did not immediately respond to requests for comment.
Founded in 2011, BTC-e is one of the oldest and most obscure virtual currency exchanges, allowing users to trade bitcoin anonymously against fiat currencies, such as the U.S. dollar, and other virtual currencies. Until today, the people behind it had remained anonymous.
It is known in crypto-currency markets as one with the most relaxed standards for checking the identity of its users, to combat money laundering, and for not collaborating with law enforcement.
This helped make it "a favorite money-laundering location" and the exchange has been connected to recent ransomware attacks, said James Smith, chief executive of Elliptic, a company that works with law enforcement to track illicit bitcoin transactions.
Additional reporting by Michele Kambas in Athens, Dustin Volz in Las Vega, and Steve Stecklow in London; Writing by Michele Kambas and Jack Stubbs; Editing by Larry King
