Post
Topic
Board Announcements (Altcoins)
Re: [announce] Namecoin - a distributed naming system based on Bitcoin
by
Trade Runner
on 16/09/2020, 02:39:30 UTC
Well, if it comes to BTC-e I highly recommend to head over to the thread Status of WEX (World Exchange Services). As known WEX was/is the successor of BTC-e, this time the wallets got seized by the Russian FSB, "just" between 400 mio and 500 mio USD disappeared to nowhere. This time the Hollywood story is that Konstantin Maloveef, the co-founder of WEX, would have hired same former FSB agents, rented a room in the official building of the FSB and blackmailed Alexey Bilyuchenko, the so called "red admin", to encrypt and handle over the main cold wallets. The truth is that there are "just" ongoing investigations agains the ransomware spreaders who hijacked computers all over the world, which where washing their "income" on WEX, beside other financial activities of the Al-Qaeda terrorists. The recovery plans for WEX are going on. Namecoin was one of the emergency exits, so one of the last enabled withdrawals and not seized wallets until the final shutdown. I can confirm that there are several wallets at the Namecoin chain with several million coins (I can list them if requested), and sure, crypto exchanges are getting into the focus of political issues from time to time as can be seen in the WEX case, but I don't think that Namecoin would be really in the focus of any Government - especially as a guy called "Jeremy Rand", even proud of suffering the Asperger's syndrome (means: socially complete incompetent to be very polite now), consequently corrupted the whole project for his personal hobby studies and thus any browser plugins resolving .bit domains don't work anymore. But Namecoin will also recover from this episode!

I’ll be back!