Funny if this was a real life bank they couldn't actually do something like this.
If they seized BTCE it's essentially a LEGAL bank heist. While the owner might've been doing something illegal, there are plenty of people with assets on BTCE who are doing completely legal things. You can't just take everyone's money from a bank and then not give two shits. That's actually worse then whatever the owner was doing. Since government knows almost nothing about cryptos I'm sure people involved who are just normal users are never getting their assets back and it'll be sold for a fraction of the price at some sort of weird ass impromptu local auction.
But cause it's crypto, it's legal or something. I guess that's the kinda world we live in right now.
True. They ,federals told that all BTC circulated on this exchange is an object to investigation,because all this BTC comes from hacked MtGox.
Cool story,very simple and for average Joe sounds like true.
But ofc its bullshit, BTCE weakness was like it operated in 3rd country by citizen of 3rd country.
Vinnik and his business was not protected by residence country.
I mean USA cant just seize for example Huobi or OKCoin which is operated by China citizens in China. I doubt they could seize servers from Vinnik if they were in Russia.
So BTCE was in fact shady and this allow federals to act in full power. Vinnik a citizen of Russia operated server in Bulgaria.
this is how he is now without protection from any of those lands.
