BREAKING NEWS: Bitcoin exchange BTC-e under fire from US Department of Justice

BREAKING NEWS: Bitcoin exchange BTC-e under fire from US Department of Justice


Welcome, welcome to One Minute Crypto! I’m your host, Chronos, and today: BIG news. An exchange that was founded in 2011, very, very long-standing, has just been taken offline. This exchange is the one that
everybody knows about, and kind of trusts, even though they seem shady, because
they’ve been so reliable. No more. Today, the Department of Justice has issued an indictment against them for money laundering, a $110 million dollar fine. And a
man closely connected to the company, Alexander Vinnik, was personally arrested
in Greece. He’s now in custody. He’s facing his own $12 million dollar fine
plus 18 counts of money laundering charges. Interestingly, he seems to be
connected to the funds that were stolen from MT Gox. Not that he stole them,
but he assisted the thieves allegedly in processing that money and
getting it clean and back into the economy. So more on that story as it
comes out. Very, very exciting news in the bitcoin space. Bad news if you had money in BTC-e, because it may not be back.

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