[VirtualMon3y]

Damn, this will make one hell of a movie someday.

Vouch for this! Take it to Hollywood!

[$ZEUS]

Looking forward to seeing the news in 2020 about Bitmora founders getting arrested. /s

You got no clue how tight the Sinaloa Cartel and I are.

[Mr. Robot]

Vouch for this! Take it to Hollywood!

Mr. Robot season 3 - using the E-coin.

Don't even worry about it.

[SIM-1589588]

Here's what I'm not understanding. If the site was shut down, and wallets were lost, they're seized by a govt (US Govt) right? That should mean that legitimate users are able to get their money back (some sort of setup process) right? Or is this "evidence"? It's not like it's the silk road being seized.

I guess you forgot about "Liberty Reserve"

https://www.justice.gov/usao-ndca/pr/rus...ng-alleged

---

https://www.justice.gov/usao-ndca/press-...1/download

[Hiper]

It amazes me what people are prepared to do for a little of bit of money. Is there literally no one left in this world that actually wants to work for their money?

Money ruins people and life's, very good example of this OP! Thanks

[CheGuevara★]

It amazes me what people are prepared to do for a little of bit of money. Is there literally no one left in this world that actually wants to work for their money?

Money ruins people and life's, very good example of this OP! Thanks

You should be aware of what the real banks done, oh yes money can ruin life's. But yes this is something huge and I wonder what comes next?

[$ZEUS]

It amazes me what people are prepared to do for a little of bit of money. Is there literally no one left in this world that actually wants to work for their money?

Money ruins people and life's, very good example of this OP! Thanks

Wouldn't consider that a small amount of money. As far as them not working for it, I know for a fact that they did work for it. Just because their work style does not equal yours, it still does take work. This was a massive operation that ran for years.

[BeNT-]

"Greek police said in a statement that "at least" $4 billion in cash had been laundered through a bitcoin platform since 2011..."

I'm calling bullshit. Sounds like they just pulled a random number out of their ass. Even $1 billion doesn't sound feasible.

You'd need over 9000 seasoned financial analysts with blockchain experience to track that kind of money over a 6 year window.

Not that I disagree with your sentiment, I think they are largely pulling a number out of Thier ass..

However, how exactly did you compute that 9000 analysts number.. Lmfao
Cheers
B

[MustyMouse]

Not that I disagree with your sentiment, I think they are largely pulling a number out of Thier ass..

However, how exactly did you compute that 9000 analysts number.. Lmfao
Cheers
B

Not sure, but I feel like the "over 9000" part was just a DBZ reference.

[Undefined]

Y'all BTC-E users ain't getting your money back.

[CheGuevara★]

Y'all BTC-E users ain't getting your money back.

Seems like the website is now seized by the FBI too.
Well this was a grand scheme; but what goes around comes around!

[Riggs]

“BTC-e was noted for its role in numerous ransomware and other cyber-criminal activity; its take-down is a significant accomplishment, and should serve as a reminder of our global reach in combating transnational cyber crime,” said Special Agent in Charge of the USSS Criminal Investigative Division Michael D’Ambrosio."

Source: https://www.justice.gov/usao-ndca/pr/rus...ng-alleged

It's role? Like how BTC obtained from cyber-criminal activity eventually ended up in the BTC wallets of a few BTC-e users?

Use the public ledger to track BTC for long enough and you'll eventually find a link to cyber-criminal activity. Lack of regulation doesn't necessarily make BTC-e complicit in that cyber-criminal activity. That's like throwing a 21 count indictment against Omni for being too lax about enforcing a policy aimed to prevent members paying for awards using BTC obtained from cyber-criminal activity.

If you actually read the indictment documents you can see the fascists are only going after this guy as a theatrical show of force. Like I said, $4 billion isn't even feasible.

[CheGuevara★]

“BTC-e was noted for its role in numerous ransomware and other cyber-criminal activity; its take-down is a significant accomplishment, and should serve as a reminder of our global reach in combating transnational cyber crime,” said Special Agent in Charge of the USSS Criminal Investigative Division Michael D’Ambrosio."

Source: https://www.justice.gov/usao-ndca/pr/rus...ng-alleged

It's role? Like how BTC obtained from cyber-criminal activity eventually ended up in the BTC wallets of a few BTC-e users?

Use the public ledger to track BTC for long enough and you'll eventually find a link to cyber-criminal activity. Lack of regulation doesn't necessarily make BTC-e complicit in that cyber-criminal activity. That's like throwing a 21 count indictment against Omni for being too lax about enforcing a policy aimed to prevent members paying for awards using BTC obtained from cyber-criminal activity.

If you actually read the indictment documents you can see the fascists are only going after this guy as a theatrical show of force. Like I said, $4 billion isn't even feasible.

Someone who's looking into things and not swallowing everything, critical thinking. I like it, kudos to you my man.

And do you see the big picture behind what's happening and has been happening since the birth of BTC? 🤭

Have a wonderful day!

[minimalist]

Like I said, $4 billion isn't even feasible.

Adding all of the weekly trade volume numbers got me these totals:


7,079,160,778 USD
https://bitcoincharts.com/charts/btceUSD...10zm2g25zv

Some other calculations probaly brought them to that total, though.

[Riggs]

Adding all of the weekly trade volume numbers got me these totals:


7,079,160,778 USD
https://bitcoincharts.com/charts/btceUSD...10zm2g25zv

Some other calculations probaly brought them to that total, though.

Still don't see how they've tracked $4 billion over a 6 year period and inferred it forms evidence of illicit activity. The skeleton argument in that indictment seems indicative their exhibits involve mass micro transactions, rather than any large trading volumes.

After reading the indictment and seeing the DoJ statements, I firmly believe they've calculated this $4 billion by taking the current BTC value and applying it to all historic BTC-e trades cited in their evidence. IMO, their failure to account for the exponential rise in BTC value since 2011 is deliberately misleading and the media are now capitalising on fake news.