5 ms·

Interesting, I have been using BTC-E for a while, I had no idea this sort of thing happened. Was it knowingly assisted by someone at BTC-E, or did BTC-E just ac

by ue_ 9y ago

Interesting, I have been using BTC-E for a while, I had no idea this sort of thing happened. Was it knowingly assisted by someone at BTC-E, or did BTC-E just act as a dumb machine? BTC-E was one of the eastiest ways for me to change BTC and LTC in day trading. Are there comparable websites with small fees? I'm not interested in buying with fiat money.

pizza 9y ago
The admin moved > 600K bitcoins from Mt Gox
jonknee 9y ago
> Was it knowingly assisted by someone at BTC-E, or did BTC-E just act as a dumb machine? The defendant is who run/ran BTC-E, so it's alleged to have come from the very top. The reasons why you found it so easy are probably related to why the US sees it as a criminal enterprise: > According to the indictment, since its inception, Vinnik and others developed a customer base for BTC-e that was heavily reliant on criminals, including by not requiring users to validate their identity, obscuring and anonymizing transactions and source of funds, and by lacking any anti-money laundering processes. It continues: > The indictment alleges BTC-e was operated to facilitate transactions for cybercriminals worldwide and received the criminal proceeds of numerous computer intrusions and hacking incidents, ransomware scams, identity theft schemes, corrupt public officials, and narcotics distribution rings. Thus, the indictment alleges, BTC-e was used to facilitate crimes ranging from computer hacking, to fraud, identity theft, tax refund fraud schemes, public corruption, and drug trafficking. The investigation has revealed that BTC-e received more than $4 billion worth of bitcoin over the course of its operation.
floatboth 9y ago
If you're "not interested in buying with fiat money" there's no reason to use an exchange that supports it. You can just use e.g. https://shapeshift.io https://shapeshift.io

by ue_ 9y ago

pizza 9y ago

The admin moved > 600K bitcoins from Mt Gox

jonknee 9y ago

> Was it knowingly assisted by someone at BTC-E, or did BTC-E just act as a dumb machine? The defendant is who run/ran BTC-E, so it's alleged to have come from the very top. The reasons why you found it so easy are probably related to why the US sees it as a criminal enterprise: > According to the indictment, since its inception, Vinnik and others developed a customer base for BTC-e that was heavily reliant on criminals, including by not requiring users to validate their identity, obscuring and anonymizing transactions and source of funds, and by lacking any anti-money laundering processes. It continues: > The indictment alleges BTC-e was operated to facilitate transactions for cybercriminals worldwide and received the criminal proceeds of numerous computer intrusions and hacking incidents, ransomware scams, identity theft schemes, corrupt public officials, and narcotics distribution rings. Thus, the indictment alleges, BTC-e was used to facilitate crimes ranging from computer hacking, to fraud, identity theft, tax refund fraud schemes, public corruption, and drug trafficking. The investigation has revealed that BTC-e received more than $4 billion worth of bitcoin over the course of its operation.

floatboth 9y ago

If you're "not interested in buying with fiat money" there's no reason to use an exchange that supports it. You can just use e.g. https://shapeshift.io https://shapeshift.io