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BTC-e and its founder charged in 21-count indictment over hack of Mt. Gox

justice.gov

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Re: BTC-e and its founder charged in 21-count indictment over hack of Mt. Gox

#11

Post by sillysaurus3 »

gruez wrote: post #4

>Russian National And Bitcoin Exchange So nothing will happen to the site or its owner, other than maybe they won't be able to transfer out USD.

Even though you were mistaken in this case, it's only because Vinnik stepped out of Russia. If he had stayed, he'd have been mostly untouchable. No extradition treaty exists between Russia and the US; not so for Greece.

Re: BTC-e and its founder charged in 21-count indictment over hack of Mt. Gox

#16

Post by lettergram »

I still don't understand, the U.S. is charging a Russian with a white collar crime?

The crime was committed outside the U.S., he didn't come to the U.S., the servers weren't in the U.S., Mt.Gox was based out of Japan, and Greek police arrested him.

I've seen this enough to know this is common, but what is going on with this world?

Re: BTC-e and its founder charged in 21-count indictment over hack of Mt. Gox

#17

Post by [deleted] »

wgjordan wrote: post #7
gruez wrote: post #4

>Russian National And Bitcoin Exchange So nothing will happen to the site or its owner, other than maybe they won't be able to transfer out USD.

>So nothing will happen to the site or its owner "Defendant Alexander Vinnik Was Arrested in Greece to Face Charges in the United States; Bitcoin Exchange Alleged to Have Received Deposits Valued at Over $4 Billion" - article subtitle

[deleted]

Re: BTC-e and its founder charged in 21-count indictment over hack of Mt. Gox

#18

Post by ptenk »

lettergram wrote: post #16

I still don't understand, the U.S. is charging a Russian with a white collar crime? The crime was committed outside the U.S., he didn't come to the U.S., the servers weren't in the U.S., Mt.Gox was based out of Japan, and Greek police arrested him. I've seen this enough to know this is common, but what is going on with this world?

BTC-E didn't specifically bar US customer from trading there, so the indictment is on the grounds that their services were offered to US citizens, therefore liable to US Law.

Re: BTC-e and its founder charged in 21-count indictment over hack of Mt. Gox

#19

Post by 1stranger »

lettergram wrote: post #16

I still don't understand, the U.S. is charging a Russian with a white collar crime? The crime was committed outside the U.S., he didn't come to the U.S., the servers weren't in the U.S., Mt.Gox was based out of Japan, and Greek police arrested him. I've seen this enough to know this is common, but what is going on with this world?

> As for defendant BTC-e, the indictment alleges that, despite doing substantial business in the United States, BTC-e was not registered as a money services business with the U.S. Department of the Treasury, had no anti-money laundering process, no system for appropriate “know your customer” or “KYC” verification, and no anti-money laundering program as required by federal law.

It's not just about Mt. Gox.

Re: BTC-e and its founder charged in 21-count indictment over hack of Mt. Gox

#20

Post by justinjlynn »

lettergram wrote: post #16

I still don't understand, the U.S. is charging a Russian with a white collar crime? The crime was committed outside the U.S., he didn't come to the U.S., the servers weren't in the U.S., Mt.Gox was based out of Japan, and Greek police arrested him. I've seen this enough to know this is common, but what is going on with this world?

MLATs (mutual legal assistance treaties), extradition agreements, and powerful people with powerful relationships willing to go the extra distance to fuck someone's shit up.
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