Archive | money laundering

Greek Court Supports Extradition of Former BTC-E Operator Alexander Vinnik

A Greek court has ruled in favor of extraditing the alleged former operator of BTC-e, Alexander Vinnik, to the United States. Vinnik was arrested by authorities late July 2017, and stands accused of masterminding a $4 billion money-laundering ring through the cryptocurrency exchange BTC-e. Also Read: BTC-E Rebrands to Wex Exchange — Claims to Be AML/KYC […]

Three in Four Money Laundering Cases Involve Digital Currencies, FBI Sources Claim

Everyone involved in the world of Bitcoin and cryptocurrency will readily agree there are plenty of challenges ahead. While most of the opposition comes from external forces, the currencies themselves are not exactly perfect either. While most people won’t like to admit it, Bitcoin, Ethereum, and most other currencies are not exempt from criminal activity. The […]

India’s Government Agencies Still Have ‘Concerns’ About Bitcoin

Indian officials revealed last week that the country’s tax agency and investigation taskforce have concerns about money laundering and black market activities associated with bitcoin. India’s Special Investigation Team (SIT) is in the midst of drafting a report detailing problematic issues regarding the decentralized cryptocurrency. Also read: India Considers Issuing Its Own Bitcoin-Like Cryptocurrency as Legal […]

U.S. Pressures BTC-e Exchange as They Plan to Distribute Funds Next Month

Last week the Russian bitcoin exchange, BTC-e, told the public about the trading platform’s plan to repay customers. Now the exchange is back and says there will be a full update come August 30 and the organization will follow with daily announcements. Further, BTC-e answered multiple questions from customers who want access to their funds. […]

After FBI Takedown: BTC-e Exchange Says They Still Possess Databases and Wallets

According to a new post on the forum Bitcointalk, the now defunct BTC-e exchange says it has control over some its servers and bitcoin wallets. At the moment, operators of the trading platform detail they are evaluating the balances. Also read: Segwit2x and the Tale of Three Bitcoins BTC-e Reveals They Are Assessing Wallets and Balances […]