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Showing 8 of 8 results by coinking17
I'll have about nearly $20k if I hold vs half that if I bail out. I'm going to hold. Like people have said BTC-e are doing a good job reimbursing people and look like playing more by the rules with the new site. I haven't done anything wrong and can prove where my coins came from. Do you really think the US authorities IF they ever got hold of the BTC-e user database on the new site are going to go through all possibly hundreds of thousands of accounts one by one on some sort of a witchhunt?? Not likely.
What reasons do you have for such little hope?
@bonker, good points.
Look at the aftermath of liberty reserve in its shutdown. The USGov painted all the users there with the same broad brush and nobody got their money back. Look into the precedent set by "civil asset forfeiture" in the US where cops routinely seize cash from drivers and the IRS routinely seizes the entire bank accounts of legitimate businesses just because they "deposit cash too frequently." Many of those instances of drivers and businesses are quite obviously legitimate but they don't care and like stealing money because they CAN and the precedents set on the rule of law have changed far, far away from the idea of "nobody can be deprived of property without due process."
What's shocking about this particular case is the breadth of the application against so many international citizens instead of just within their own borders. I don't think the media will ever report the truth of this and only support the official narrative that the place was a den of criminals, because the scale of this, and its implications, are astounding.
Are you sure noone got thier money back? I just read this. Obviously wiki sites are not always accurate but still its possible.
"The head of EPay Tarjeta, a service which used Liberty Reserve, remarked "We seem to be acceptable collateral damage ... we have committed no crime."
"United States attorney Preet Bharara stated users of Liberty Reserve could contact his office to inquire about getting their funds returned.[2]"
https://en.wikipedia.org/wiki/Liberty_Reserve
Maybe some light at the end of the tunnel??
Yeah I feel sorry for everyone that has coins/fiat frozen with BTC-e now who are innocent traders like myself. BTC-e was quick, had great volume and was relatively hassle free well from my experience anyway. I'm just glad even though mine is not an inconsequential amount of coins it was not my life savings rather just an investment to play around with on the side. That doesn't mean this doesn't sting because it still does though.
Its not exactly condusive to making quick, good trades and pouncing on market fluctuations by having coins stored offline etc so I can fully understand why people store alot on exchanges and as mentioned the volume would be way lower.
So what recourse do we have here to try and recover our frozen coins/fiat. Any law experts want to weigh in? Still don't understand how they can legally just tar everyone from any country with the same brush and confiscate all coins/fiat.
Its not exactly condusive to making quick, good trades and pouncing on market fluctuations by having coins stored offline etc so I can fully understand why people store alot on exchanges and as mentioned the volume would be way lower.
So what recourse do we have here to try and recover our frozen coins/fiat. Any law experts want to weigh in? Still don't understand how they can legally just tar everyone from any country with the same brush and confiscate all coins/fiat.
My gut feeling is this is not the last of BTC-e. I'd imagine there are some pretty heavy hitters involved with this exchange given the mysterious, long running history and the amount of money involved. I think we are in for a few twists and turns in this tale and I would not be surprised to see it up and running again especially given there is still no seizure message on the site and the potential big time connections made over the years. Like the old saying goes money talks and we don't know how far reaching or how deep this rabbit hole goes yet.
Given the US is trying to bring about sanctions on Russia
https://www.reuters.com/article/us-usa-trump-russia-kremlin-idUSKBN1AB1Q3
and the arrested person is a Russian citizen, what are the chances Russia fires up over this and it turns into a real @#$%fight.
https://www.reuters.com/article/us-usa-trump-russia-kremlin-idUSKBN1AB1Q3
and the arrested person is a Russian citizen, what are the chances Russia fires up over this and it turns into a real @#$%fight.
Well I managed to dodge 2 bullets, got out a month before Gox went down and a couple of months before Cryptsy but 3rd time unlucky on BTC-e 
I had around 10k invested in BTC and Eth.
I guess it all depends too if BTC-e has money in bank accounts other assets etc. They must have made a crapload of profit over the years, so holding on to hope that somehow we can get at least some of our investment back.
If all else fails what are the chances of a class action or the likes happening. Why should innocent investors get shafted because of a minority breaking the "law"
I had around 10k invested in BTC and Eth.
I guess it all depends too if BTC-e has money in bank accounts other assets etc. They must have made a crapload of profit over the years, so holding on to hope that somehow we can get at least some of our investment back.
If all else fails what are the chances of a class action or the likes happening. Why should innocent investors get shafted because of a minority breaking the "law"