BTC-e Claims to Recover Access to its Cryptocurrency Wallets

The BTC-e team has issued a new update on the Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term's situation through its social media accounts. Giving hope to its former clients, it says that it has been able to access its databases and cryptocurrency wallets.

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BTC-e also says that at the moment it is evaluating databases and coin balances, and that this information will be made public by the end of next week.

Interestingly, it has also confirmed that fiat flow (USD deposits) entered the service via Mayzus Financial Services Ltd (operator of the brands MoneyPolo and OKPAY) and that at the moment this has been stopped.

This seems like a direct response to the official statement by Sergey Mayzus about the matter, which said: "All accounts of legal entities or individuals whom we considered as possibly related to the BTC-E exchange, are blocked, which was properly reported to the financial regulatory authorities. In addition, information about these individuals and legal entities was forwarded to the law-enforcement agencies of Great Britain.”

Background

On Monday we published the news that BTC-e’s website had been taken over by US criminal authorities.

Last week it was revealed that BTC-e faces a $110 million penalty for violating US anti-money laundering laws. Its suspected operator and alleged MtGox Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term launderer Alexander Vinnik was arrested in Greece by the local police and personally faces a $12 million fine and decades in an American prison.