Quote from: Betwrong on August 03, 2017, 08:02:23 AM

Quote from: squatter on August 02, 2017, 08:49:44 AM

Quote from: Betwrong on August 02, 2017, 08:45:23 AM

Quote from: spartacusrex on August 01, 2017, 09:42:27 AM

Quote from: espante on July 30, 2017, 12:04:22 PM

I don't believe the US will confiscate bitcoins from anyone who hasn't committed any illegal act as that would be illegal on their part.

LOL.. They absolutely will.

All of us who had coins on BTC-e will not see ANYTHING for years. If at all.. Sad

..

I always like BTC-e. Seemed a no-nonsense site.. It was actually my FIRST.. I'll miss it.

I had moved my BTC out of the exchange in readiness for Aug 1st.. so Only had a few Litecoins on there. Enough to hurt, but not to cry.

OP - Sorry for your loss. That's a cry amount...

But why? Isn't that illegal to take away other people's money, when they are just regular citizens? How can they explain that? What excuses can they use?

I think money will be returned in a month, in two months max.

Returned by who? The FBI etc didn't even announce any seizure of funds. Naturally anything exposed to Moneypolo, Okpay, Mayzus could be seized. But based on how BTC-e was organized, it's very possible that much of the funds are intact. There was mention of purses being seized but one would hope that 1) they are encrypted and 2) just hot wallets.

Best chance of repayment is from BTC-e, not the feds. The DOJ is treating this like Libertyreserve.

Exactly. The funds are not seized but frozen. That's why it is a big chance that the funds will be returned to customers of BTC-e since the vast majority of them are not criminals and it is not right to take their money from them.

IIRC, the DOJ straight up called BTC-e users criminals in the press release. From the indictment, they even try to project criminality on users based on their trollbox usernames and commentary. When it comes to civil forfeiture, the burden is on the accused to prove the money is clean. That's very difficult to prove if you've ever sent coins into the exchange. Someone mentioned Libertyreserve... in that case, there was no repayment to users.

It's a mystery regarding how much USD, EUR and crypto they could get their hands on. I heard that the exchange never kept bank accounts in its name. Mayzus/Moneypolo/Okpay moved the money, BTC-e had third party accounts, and supposedly kept their fiat money in shell companies several degrees removed. As for crypto, one would hope that the keys would be encrypted on any seized server, and that cold storage would be out of reach.