We’ve been in contact with BTC-E and we can confirm that the funds linked to the account were reported as stolen funds. An official police report was delivered to BTC-E to prevent the criminal from withdrawing the funds. BTC-E is doing the right thing in this case.

You may have heard of Korbit before, we are one of the largest Bitcoin exchanges in South Korea. We noticed a lot of our customers use the exchange to remit money from overseas and we have simplified this process with a new service called Bitwire.

In South Korea, internet banking is notoriously cumbersome due to extra security software and ActiveX plugins required to install. Due to this, Internet Explorer is always a requirement when it comes to online purchases and online banking.

Transfers within Korean banks only take a few seconds to process and settle. A lot of online merchants therefore allow bank transfers as a payment option. Taking advantage of this, Bitwire allows people to send money using Bitcoin to any Korean bank account in less than two hours.

www.bitwire.co