Since yesterday evening, the social media have been battling new theories about the continuation of the BTC-e bitcoin market from Russia. Now Reuters and CNBC report that a Russian citizen was arrested in Greece. The accusation, from the American side, is money laundering of over 4 billion US dollars.
“Since 2011 the 38-year-old has been running a criminal organization which administers one of the most important websites of electronic crime in the world,” police said in a statement, describing an alleged money laundering operation that “legalizes proceeds from illegal activities”.
Greek police earlier said the suspect, who was picked up on a U.S. warrant, was thought to have used bitcoin to launder ‘at least’ $4 billion earned through illicit activities.
It was thought that ‘at least’ $4 billion in cash had been laundered through a bitcoin platform since 2011; the platform had 7 million bitcoins deposited, and 5.5 million bitcoins in withdrawals.
It is worrying, however, that BTC-e has also been in business since 2011. As a Russian Bitcoin exchange, one could also assume that the owner is also of Russian nationality. Meanwhile, the Russian Foreign Ministry reported that it had not heard of such an incident.
BTC-e is known since 2011 and is even part of the CoinDesk Bitcoin Price Index. Yesterday at 13:49 Moscow time the site went unplanned offline. A few minutes later, the official Twitter channel of the btc-e exchange said: “Work on an unforeseen problem.
Update: BTC-e hacked Mt Gox. Alexander Vinnik charged with numerous federal crimes by SF prosecutors – here is the indictment
source & image Reuters
The Bitcoin News
TheBitcoinNews.com – Bitcoin News source since June 2011 –
Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. TheBitcoinNews.com holds several Cryptocurrencies, and this information does NOT constitute investment advice or an offer to invest.
Everything on this website can be seen as Advertisment and most comes from Press Releases, TheBitcoinNews.com is is not responsible for any of the content of or from external sites and feeds. Sponsored posts are always flagged as this, guest posts, guest articles and PRs are most time but NOT always flagged as this. Expert opinions and Price predictions are not supported by us and comes up from 3th part websites.
Advertise with us : Advertise
Our Social Networks: Facebook Instagram Pinterest Reddit Telegram Twitter Youtube