Currently, trading and exchanging electronic money is very popular and using electronic money is becoming a tool of exchange, payment and is accepted by the virtual currency community, so we need to choose the right options. reputable, reputable exchange to exchange like bittrex, binance or primexbt, trade to avoid cases of being cheated by those exchanges and robbed all of the money we have leading to our failure so today we Let’s learn together about the electronic exchange that is said to have crashed, what is btc e? Why is there so much information that it has crashed, is it true or not, is it a rumor. Let’s find out together.
What is Btc e? Why was Wex floor created?
Btc e also known as WEX, btc e exchange is one of the most trusted and used exchanges in the early stages of 2016-2017. But in 2017, btc e was investigated by the FBI and sealed because during the FBI’s investigation, it was suspected that the btc e floor was laundering investors’ money.
Through that incident, the issuers of btc e established another exchange, the Wex exchange.
After the founders of btc e created the Wex exchange, the Wex exchange, as well as other electronic exchanges, operates in Singapore, but the domain name of the Wex exchange used is New Zealand, the Securities Act was adopted by the exchange. Wex focuses on and operates according to that standard, besides to ensure easy transactions, Wex exchange has used Wex code as a cryptocurrency for users to use in transactions and Wex exchange also uses Wex code as a cryptocurrency for users to use in transactions. works under Singapore Futures (SFA).
why is the btc e exchange collapsed
The U.S. government has opened an indictment against BTC-e and one of its alleged operators, imposing a $110 million fine on the alleged breach caused by a protracted bitcoin exchange.
In a 21-time indictment published earlier this evening, the Justice Department alleges that BTC-e and Alexander Vinnik, Russians arrested earlier in Greece and then involved in the lengthy exchange, Throughout the six-year history of exchanges.
Federal prosecutors allege that BTC-e acted as a clearinghouse for illicit funds derived from “computer intrusions and hacking incidents, ransomware scams, schemes identity theft, corrupt officials and drug distribution rings.”
Vinnik was charged with 17 counts of money laundering and two counts of engaging in illegal currency transactions. Both BTC-e (in the manner of an alleged company known as the Canton Trading Corporation) and Vinnik were also charged with one count of illegal money services business and one count of conspiracy. conduct money laundering.
Prosecutors also allege that Vinnik “received funds from the notorious computer hacking” or “hack” of Mt. Gox” – reflects statements released earlier today by independent research group WizSec, which investigated the theft of funds from the now defunct Japanese bitcoin exchange.
According to the Department of Justice, the Financial Crimes Enforcement Network (FinCEN) assessed a $110 million civil penalty against BTC-e, as well as a $12 million fine against Vinnik.
If convicted, Vinnik faces 55 years in prison.
However, while declaring the indictment unannounced, government officials have issued dire warnings against digital currency exchanges.
