11–20 of 92 posts
They should at least say he is the owner of btc-e.com to give it context. The site was used by cyber criminals but it was also a legit operation, much like HSBC.
They should at least say he is the owner of btc-e.com to give it context. The site was used by cyber criminals but it was also a legit operation, much like HSBC.
I have a feeling that the informed, consenting adults who have funds in that exchange will soon discover exactly why dealing with an unregulated, secretive foreign financial company (Whose owners keep their identities secret, so that they won't be arrested) is a bad idea. HSBC has none of these properties (Which are more important to their legitimate users.)
No one thinks "It could happen to me" until it's too late. Stop keeping coins on exchanges. Stop using third party wallets and other software. If you want to invest in coins because they might go up, that might make sense, but at least treat it like a serious investment.
Yes, yes of course. Just like how HSBC physically expanded their teller windows to make it easy for Mexican drug cartels to make cash deposits.
https://www.theguardian.com/business/2012/jul/17/hsbc-execut...
Earlier quoted context omitted.
I have a feeling that the informed, consenting adults who have funds in that exchange will soon discover exactly why dealing with an unregulated, secretive foreign financial company (Whose owners keep their identities secret, so that they won't be arrested) is a bad idea. HSBC has none of these properties (Which are more important to their legitimate users.)
If you're keeping coins on any exchange -- even Coinbase -- they are no longer your coins. You've just loaned them. And you may eventually discover why that is a very bad idea. No one thinks "It could happen to me" until it's too late. Stop keeping coins on exchanges. Stop using third party wallets and other software. If you want to invest in coins because they might go up, that might make sense, but at least treat i…
It's just a sign that cryptocurrencies are new (and insecure) that I can't do the same with them.
Earlier quoted context omitted.
I have a feeling that the informed, consenting adults who have funds in that exchange will soon discover exactly why dealing with an unregulated, secretive foreign financial company (Whose owners keep their identities secret, so that they won't be arrested) is a bad idea. HSBC has none of these properties (Which are more important to their legitimate users.)
If you're keeping coins on any exchange -- even Coinbase -- they are no longer your coins. You've just loaned them. And you may eventually discover why that is a very bad idea. No one thinks "It could happen to me" until it's too late. Stop keeping coins on exchanges. Stop using third party wallets and other software. If you want to invest in coins because they might go up, that might make sense, but at least treat i…
When I open a trading account on a stock exchange, it's not longer my money. I've loaned it.
I do have more confidence that its owners won't be arrested for money laundering, followed by all my funds dissapearing to a Bahaman slush fund, though.
In another thread (About the SEC regulating ICOs), there were a number of people encouraging investment into and downplaying the risk of unregulated, opaque financial securities ran by persons not based in the US. Rail against the SEC all you want, but events like this are why it exists. Fraud erodes trust in the market.
They should at least say he is the owner of btc-e.com to give it context. The site was used by cyber criminals but it was also a legit operation, much like HSBC.
LOL! HSBC: another convicted money launderer! (still are only alleged against this person).
Earlier quoted context omitted.
If you're keeping coins on any exchange -- even Coinbase -- they are no longer your coins. You've just loaned them. And you may eventually discover why that is a very bad idea. No one thinks "It could happen to me" until it's too late. Stop keeping coins on exchanges. Stop using third party wallets and other software. If you want to invest in coins because they might go up, that might make sense, but at least treat i…
People who were only storing money in the exchange for the short term (To conduct trades) got robbed too. When I open a trading account on a stock exchange, it's not longer my money. I've loaned it. I do have more confidence that its owners won't be arrested for money laundering, followed by all my funds dissapearing to a Bahaman slush fund, though. In another thread (About the SEC regulating ICOs), there were a numb…
If you keep margin disabled, you'll eventually get it all back even if the brokerage goes bankrupt.
During the financial crisis, I asked a broker to disable margin on my account (never used it anyway). It took weeks before that happened. Some "technical holdup" that they assured me had nothing to do with loaning or pledging the contents of my account.
They should at least say he is the owner of btc-e.com to give it context. The site was used by cyber criminals but it was also a legit operation, much like HSBC.
Do you know for sure that this is related to btc-e ? It's the most likely suspect (it is currently 'down for maintenance' and it was started in 2011, the same year mentioned in the AP story), but I can't find any concrete evidence of who the owners of btc-e actually were. The site has always hidden its origins, and the only information I could find was that the founders' names are supposedly Aleksey and Alexander, ba…
>BREAKING: Russian man arrested in Greece connected to BTC-e cryptocurrency exchange - sources
https://twitter.com/ReutersTech/status/890232366320553984
UPD
>A Russian national arrested in Greece on Wednesday on suspicion of laundering criminal funds by switching them into bitcoins is a key person behind the BTC-e crypto-currency exchange, two sources close to the exchange told Reuters.
http://www.reuters.com/article/us-greece-russia-arrest-bitco...
Earlier quoted context omitted.
LOL! HSBC: another convicted money launderer! (still are only alleged against this person).
Not sure why the above fact is being discredited or not deemed as a worthy contribution to the conversation?
"Conventional financial institutions comply with anti-money laundering regulations that make it difficult for criminal organizations to use their payment infrastructure." Yes, yes of course. Just like how HSBC physically expanded their teller windows to make it easy for Mexican drug cartels to make cash deposits. https://www.theguardian.com/business/2012/jul/17/hsbc-execut...
I can't seem to find any mention of this in the linked article?