BBC Russia has it that former Wex Exchange (formerly BTC-E) operator Dmitry Vasilyev has been detained in Italy. Some may recall the curious price discrepancies on Wex not so long ago, which raised red flags across the industry. The Wex/BTC-e Connection The belief was that the exchange wanted to attract deposits to capture money for nothing. Once the deposits were made, it was believed...
Intrigue abounds around the allegedly Singapore-based WEX exchange, whose ownership and activities have both been called into question in recent months. Particularly of interest was the exchange listing a much higher market price for BTC and weirdly overcharging for USDT. CCN previously gave our readers an overly interesting report on the exchange in which writer Conor Maloney explained: WEX is a...
Users are increasingly concerned that an exchange claiming to be based in Singapore is pulling an exit scam following suspicious trading activity and locked wallets that are now preventing all users from withdrawing funds. On July 11, CCN reported that BTC/USD was trading on the WEX exchange at over $9,000 despite the global market average being under $6,400. After spiking to $9,000 the Bitcoin...
The bitcoin price has been largely flat on Wednesday, rising approximately one-half-of-one percent on the global markets. At one Singapore-based exchange, however, the flagship cryptocurrency is soaring by thousands of dollars -- and critics are sounding the alarm. The exchange in question is World Exchange Services, better known by its acronym, WEX, where the bitcoin price inexplicably spiked as...
As CCN previously reported, 38-year-old Russian national Alexander Vinnik was arrested in July while vacationing in Greece, in connection with alleged financial crimes committed while operating the now defunct bitcoin exchange BTC-e. Back in October, a three-judge panel approved a request to extradite him to the U.S. where a grand jury indicted him on 21 counts, including spearheading a $4...
Earlier this year, popular cryptocurrency exchange BTC-e was taken down by authorities, following the arrest of 38-year-old Russian national Alexander Vinnik in Greece, for allegedly laundering $4 billion of ill-gotten bitcoins. Vinnik was seen as a “BTC-e operator” and his legal future is now thrown into turmoil. Following Vinnik’s arrest, and taking into account BTC-e’s domain had been seized...
Alleged bitcoin launderer and BTC-e administrator Alexander Vinnik will be extradited to the United States, a Greek court decided Wednesday morning. Vinnik, a 37-year-old Russian national, has been indicted by a U.S. grand jury on 21 counts related to financial crimes. Most notably, he is accused of laundering $4 billion in bitcoin, including funds stolen from Mt. Gox. If convicted, he faces a...