Brokers Crypto News 

FBI implicates several FX brokerages in BTC-e investigation. Here is why cryptocurrency is a sure fire way to destroy your brokerage

“This week, the Federal Bureau of Investigation (FBI) in the United States has implicated two FX brokerages in its investigation of defunct Bitcoin venue BTC-e” reports financefeeds.com. We are aware of several other brokers, largely in Russia and Cyprus, that have experienced significant losses recently from Bitcoin trading.Last week, FinanceFeeds reported that one particular well known retail FX brokerage had suffered a loss of approximately $40 million as a result of Bitcoin trading, and now cannot pay its affiliates. Source: financefeeds.com Share This:

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Crypto News 

Alleged Bitcoin Launderer and BTC-E Admin Likely to Stand Trial in U.S.

“BTC-e, the bitcoin exchange Vinnik allegedly ran, was seized by authorities at the time of his arrest” writes unknown author for cryptocoinsnews.com. Alleged bitcoin launderer and BTC-e administrator Alexander Vinnik is likely to stand trial in the U.S. after a Greek court denied his appeal against the extradition order.Vinnik, 38, is wanted in the U.S. for allegedly laundering more than $4 billion in bitcoins, including funds stolen from the now-defunct bitcoin exchange Mt. Greece’s justice minister will make the final extradition decision, but the Supreme Court’s ruling does not bode…

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Crypto News 

Greek court allows Russian suspected of masterminding $4 billion bitcoin fraud to be extradited to US

“The Justice Department said he is wanted for operating an unlicensed money service business, money laundering, and other crimes” writes Ryan Lovelace for washingtonexaminer.com. A Greek court decided Wednesday to allow a Russian man accused of masterminding a multi-billion fraud involving bitcoin to be extradited to the U.S. Alexander Vinnik, the suspected money launderer, is wanted by the U.S. and Russia for various cyber crimes involving BTC-e, a digital currency exchange that used bitcoin.Vinnik is alleged to have committed and facilitated a wide range of crimes that go far beyond…

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News Platforms 

BTC-E Relaunches Under new Domain but Customers Still Can’t Withdraw Money

“The BTC-E exchange is going through a very rough patch right now” writes Jp Buntinx for livebitcoinnews.com. That is, for most users, as customers from the US and a few other countries can’t log in.So far, it is evident a lot of customers are still concerned over their balances.There is a lot of confusion regarding customers getting their funds back. Source: livebitcoinnews.com Share This:

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News 

BTC-E Domain Seized by Authorities, Alleged Operator Alexander Vinnik Charged by U.S. Grand Jury

“The Russian national has now been indicted by a U.S. grand jury over the alleged money laundering” writes unknown author for cryptocoinsnews.com. According to the U.S. Attorney’s Office in California’s northern district, the indictment alleges that Vinnik received funds from the Mt Gox hack.He faces 21 counts, including laundering stolen funds from Mt Gox, as well as computer hacking and drug trafficking.A Russian man arrested in Greece accused of laundering at least $4 billion of ill-gotten bitcoins has now been charged by a U.S. grand jury. Source: cryptocoinsnews.com Share This:

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Crypto News 

Google: Ransomware Extortionists Net $25 Million in Two Years, 95% Cashed out through BTC-E

“The report suggests 95% of criminals were using the popular bitcoin exchange BTC-e to cash out their extorted bitcoins, as most traced ransom payments ended up on the exchange” writes unknown author for cryptocoinsnews.com. Reuters adds that he also used Tradehill, another bitcoin exchange he owned, to help launder the funds. Source: cryptocoinsnews.com Share This:

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Crypto News 

This $4 billion Bitcoin laundering scheme reads like a gripping detective story

“A Russian man was indicted by a U.S. jury on Wednesday on charges of laundering more than $4 billion through a Bitcoin exchange, Reuters reported” writes Stan Schroeder for mashable.com. Bitcoin has been very volatile in the past couple of years; for example, the 850,000 bitcoin stolen from Mt.Alexander Vinnik, 38, and likely operator of popular Bitcoin exchange BTC-e, was arrested in northern Greece on Tuesday, according to the report.The U.S. Justice Department thinks he used the exchange to launder money for criminals, and ties him to the demise of…

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Crypto News 

Russian arrested, indicted for laundering funds from Mt. Gox hack

“For the moment, though, he has been indicted in the US only for the operation of an unlicensed money service business, money laundering, and engaging in unlawful monetary transactions” writes Zeljka Zorz for helpnetsecurity.com. Alexander Vinnik, a Russian man arrested on Tuesday in Greece, is allegedly the operator of digital currency exchange BTC-e, through which funds from the Mt.Vinnik is believed to be the owner and operator of multiple BTC-e accounts, including administrator accounts, and also a primary beneficial owner of BTC-e’s managing shell company, Canton Business Corporation.Thus, the indictment…

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Crypto News 

Russian arrested over bitcoin laundering linked to BTC-e exchange: Sources

“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” writes Alexandros Avramidis for cnbc.com. 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.A Russian man suspected of being the anonymous mastermind behind one of the…

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