BTC-E Making Comeback
2 min read

Is BTC-e Making a Comeback?

By Editorial Team

As you may already know, BTC-e was taken down a few weeks ago as a result of a US government crackdown on unregulated exchanges. They viewed BTC-e as an exchange that helped Malware campaigns to monetise their funds. Moreover, BTC-e was accused of helping launder funds in the Mt Gox hack.

This culminated with the arrest of Russian citizen Alexander Vinnik in Greece in July. They accused him of being one of the operators of the exchange. They also seized the domain of the site and levelled a $110m fine on the alleged operator.

However, a mere week after the exchange went down, there was an announcement by the remaining operators at the exchange that they would be re launching and returning funds to individuals who held accounts there. This will be done by a sort of debt like token.

BTC-e is making active steps to continue with the re-launch. Indeed according to the most recent update, they are sending some of these digital assets to a new holding company as part of the re-launch plans.

In the same statement, BTC-e promised that they would make certain that their users would be able to withdraw 55% of their funds on the relaunch. They would also be publishing more frequent updates on their blog after the 31st of August.

The same forum account that issued the announcement offered to answer any questions that individuals may have. Obviously there were a number of questions that related to the legal challenges that the exchange was facing.

In a translation of the response, the individual said

At the moment, we have not received official documents from the United States. All that is at the moment is an order

Editors at large. Posting the latest news, reviews and analysis to hit the blockchain.
View all posts by Editorial Team -> Best Crypto Deals ->

Latest Posts

PrimeXBT vs Bybit 2022: Which Exchange is Best for Crypto Trading?

PrimeXBT vs Bybit 2022: Which Exchange is Best for Crypto Trading?

September 27, 2022 26 min read
How to Buy Bitcoin on Binance

How to Buy Bitcoin on Binance

September 26, 2022 7 min read
How to buy Polkadot at FTX
How to Buy Polkadot (DOT) on FTX Exchange
How to buy Polkadot at FTX

How to Buy Polkadot (DOT) on FTX Exchange

September 23, 2022 9 min read
Crypto Safety 101: How to Protect your Crypto

Crypto Safety 101: How to Protect your Crypto

September 22, 2022 44 min read
Blockchain Security: How to Understand Blockchain Audits to Stay Safe in DeFi

Blockchain Security: How to Understand Blockchain Audits to Stay Safe in DeFi

September 21, 2022 26 min read
IDEX Review
IDEX Review 2022: The First Hybrid Approach to Non-Custodial, High-Performance Crypto Trading
IDEX Review

IDEX Review 2022: The First Hybrid Approach to Non-Custodial, High-Performance Crypto Trading

September 14, 2022 37 min read
Using Modern Portfolio Theory to Build a Crypto Portfolio
Using Modern Portfolio Theory and How to Build a Crypto Portfolio
Using Modern Portfolio Theory to Build a Crypto Portfolio

Using Modern Portfolio Theory and How to Build a Crypto Portfolio

September 12, 2022 48 min read

Related Posts

Crypto Safety 101: How to Protect your Crypto

Crypto Safety 101: How to Protect your Crypto

September 22, 2022 44 min read
Blockchain Security: How to Understand Blockchain Audits to Stay Safe in DeFi

Blockchain Security: How to Understand Blockchain Audits to Stay Safe in DeFi

September 21, 2022 26 min read
Top 5 Crypto Scams to Avoid in 2022

Top 5 Crypto Scams to Avoid in 2022

September 7, 2022 30 min read
What is Etherscan and how to use it
Etherscan Review: Public Face of Ethereum
What is Etherscan and how to use it

Etherscan Review: Public Face of Ethereum

August 30, 2022 16 min read
Can you still make money mining Monero
Can You Still Make Money Mining Monero in 2022?
Can you still make money mining Monero

Can You Still Make Money Mining Monero in 2022?

August 27, 2022 16 min read
Crypto Staking Complete Guide
Stake and Earn: Complete Guide to Staking Crypto
Crypto Staking Complete Guide

Stake and Earn: Complete Guide to Staking Crypto

August 25th, 2022 33 min read
What is a rug pull
Crypto Rug Pulls: How To AVOID Them and Keep SAFE!
What is a rug pull

Crypto Rug Pulls: How To AVOID Them and Keep SAFE!

August 13, 2022 15 min read