Question is who has the control over BTC-e's crypto?
Will they be returned to users?
BTC-e and its founder charged in 21-count indictment over hack of Mt. Gox
101–110 of 256 posts
Re: BTC-e and its founder charged in 21-count indictment over hack of Mt. Gox
#102I 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?
His arrest was coordinated by the FBI. I doubt he would be arrested at all if not for the FBI.
Re: BTC-e and its founder charged in 21-count indictment over hack of Mt. Gox
#103Earlier quoted context omitted.
Look at the actual charges in the indictment. All the BTC-e stuff is not what he's charged with. He's charged with transferring stolen Mt Gox Bitcoins to Tradehill, a San Francisco based exchange (now defunct). That's the US connection that will seal his extradition. They also allege that BTC-e is (at least partially) hosted in the US and does business with many US companies, which is likely true. But that's not what…
As an actual cryptographer who has looked into it, I wouldn't put too much faith in Monero's fungibiliry. The story is not as good as the PR would have you believe, and is really not all that different from Bitcoin with CoinJoin.
How are Confidential Transactions in combination with Ring Signatures not way better than Bitcoin+CoinJoin?
If you focus on the transactions after the RingCT merge and not older 0-mixins, it's seems pretty strong to me.
Re: BTC-e and its founder charged in 21-count indictment over hack of Mt. Gox
#104So, does that mean I can't get the BTC I deposited in BTC-e ages ago? I somehow didn't even know any of this was going down. (I have no idea how much it was...maybe a quarter of a coin, which is a reasonable amount of money today.)
You may get it back in the future, if they open again… or not. Sorry for your loss It is reasonably well-known that it is dangerous to leave money on exchanges. BTC is only yours when it's in a wallet with a private key that is known to you, and no third party.
I've lost more in my own local wallets due to losing both of the USB flash drives that contained the keys (as ridiculous as it sounds, I think my girlfriend's cat stole one of them).
Realistically, I've come to think cryptocurrency just isn't for me; it's too damned easy to lose. I also forgot my passphrase for some other BTC (I think I remember it, but it doesn't work, so, there those went). It's not huge sums; 1 BTC here (which was only worth about $300 when I "lost" it), a half BTC there, but the only BTC I still have access to is the half of one I have at Coinbase.
I may yet find one of those flash drives, or figure out what my passphrase actually is for the others. But, what I have found for sure is that BTC is too hard to keep safe (mostly from myself).
Re: BTC-e and its founder charged in 21-count indictment over hack of Mt. Gox
#105Earlier quoted context omitted.
Look at the actual charges in the indictment. All the BTC-e stuff is not what he's charged with. He's charged with transferring stolen Mt Gox Bitcoins to Tradehill, a San Francisco based exchange (now defunct). That's the US connection that will seal his extradition. They also allege that BTC-e is (at least partially) hosted in the US and does business with many US companies, which is likely true. But that's not what…
For one of charges in the indictment, "Operation of an Unlicensed Money Transmitting Business" (18 USC § 1960), they allege that BTC-e satisfied two conditions, either of which alone would have been sufficient to prove the charge. One of the conditions is knowingly transmitting funds derived from a criminal offense, but the other one is just "fail[ing] to comply with the money transmitting business registration requi…
This is ridiculous overreach. It sets a dangerous precedent where any online trader must be mindful of all legislation of all possible jurisdictions on the world.
Otherwise, sell porn, have one customer from Saudi Arabia, go for a vacation in Turkey, and here comes your flogging extradition trip.
At the same time, US has a "Hague invasion act" authorizing military action against international prosecution of their officials.
Re: BTC-e and its founder charged in 21-count indictment over hack of Mt. Gox
#1061) Arresting btc-e admin made all US customers to lose their balances on btc-e exchange. I highly doubt btc-e will come back online. 2) If you run online exchanger and have a single US customer, then you have to register your operation in USA. I find it ridiculously stupid.
What if you just ban all Americans? /duck
Re: BTC-e and its founder charged in 21-count indictment over hack of Mt. Gox
#107Earlier quoted context omitted.
You may get it back in the future, if they open again… or not. Sorry for your loss It is reasonably well-known that it is dangerous to leave money on exchanges. BTC is only yours when it's in a wallet with a private key that is known to you, and no third party.
I've lost more in my own local wallets due to losing both of the USB flash drives that contained the keys (as ridiculous as it sounds, I think my girlfriend's cat stole one of them). Realistically, I've come to think cryptocurrency just isn't for me; it's too damned easy to lose. I also forgot my passphrase for some other BTC (I think I remember it, but it doesn't work, so, there those went). It's not huge sums; 1 BT…
Well that is just your own mistake. You are supposed to backup the 'seed' into a safe location that can be used to recover the wallet
Re: BTC-e and its founder charged in 21-count indictment over hack of Mt. Gox
#108[deleted]
Re: BTC-e and its founder charged in 21-count indictment over hack of Mt. Gox
#109Earlier quoted context omitted.
I've lost more in my own local wallets due to losing both of the USB flash drives that contained the keys (as ridiculous as it sounds, I think my girlfriend's cat stole one of them). Realistically, I've come to think cryptocurrency just isn't for me; it's too damned easy to lose. I also forgot my passphrase for some other BTC (I think I remember it, but it doesn't work, so, there those went). It's not huge sums; 1 BT…
Well that is just your own mistake. You are supposed to backup the 'seed' into a safe location that can be used to recover the wallet
Sure. I acknowledge it is my own doing. And, I won't do it again, by not holding any significant funds in cryptocurrency.
Re: BTC-e and its founder charged in 21-count indictment over hack of Mt. Gox
#110>The takedown of this large virtual currency exchange I haven't kept up to date on exchange volume. Was btc-e still a popular exchange (up until this takedown of course)?
https://data.bitcoinity.org/markets/volume/30d?c=e&t=b BTC-e was still pretty big.
When they say that "Bitcoin Exchange Alleged to Have Received Deposits Valued at Over $4 Billion", does that really mean $4 Billion USD? How is that exchange value established?