Recently, BTC-e announced on Bitcointalk that they're COMING BACK. That's right. You weren't goxxed.
BTC-e is possibly the oldest standing exchange, they will be returning between 45 to 55% of your assets back to your account on launch, providing the other amount in a token (similar to Bitfinex's tokens) when they got hacked). All coins deposited up until August 1st will be credited into your account.
They've also taken the bold move to outright block US customers. Thanks to this, they'll be allowing non-verified accounts to withdraw their funds, and trade on the exchange. They will however have a "Level 2 verification" involving your personal details and ID verification for access to certain payment methods (e.g. banking, card).
They claim they will be launching the "marketplace" on September 1st. This might not be guaranteed, but we should at least learn a proper timeframe soon.
A nice surprise is that they're keeping the BTC-e code system. This was one of the features mentioned by the US government as evidence that they are an exchange for "money laundering". It was expected that this would be removed, but since US citizens are blocked, they can have less strict KYC/AML mechanisms in place.
I hope to see them return, and for them to continue to be the strong and stable exchange they once were. Assuming these posts are not all BS, the outlook looks pretty good.
Source: https://bitcointalk.org/index.php?topic=2120405
Do you like what I'm doing for STEEM/Steemit?
Vote for me to be a witness - every vote counts.
Don't forget to follow me for more like this.
Have you ever thought about being a witness yourself? Contact me on STEEMIT.CHAT, or just ask in the witness channel. I'm happy to guide you! Join in shaping the STEEM economy.
Are you looking for a new server provider? My company @privex offers highly-reliable and affordable dedicated and virtual servers for STEEM, LTC, and BTC! Check out the website https://www.privex.io
Wow hard to be happy about any of this... Still can't believe the US jumped in and did what they did on this site.
It's disgusting that the US are the world police. BTC-e was a foreign exchange, owned by foreign corporations in foreign countries. They had no right destroying the exchange.
Putin should've stepped in, as it was direct theft from hundreds of thousands of russians who used the exchange, probably into the US gov's pockets.
Unfortunately Царь Putin picks his battles, and as far as thefts from the russian people that have occurred over the course of the last generation go, the magnitude of this one is so insignificant it doesn't even make a blip on the radar.
I don't really see how this is more surprising than the takedown of Liberty Reserve (a Costa Rican company run by a Russian citizen and I think other foreign nationals; among other things, it was the primary payment method for the purchase of illegal drugs over the internet before BTC & Silk Road). Or the USG seizing Mt. Gox's Wells Fargo + Dwolla accounts that had $4.3M of customer funds in them. Or the much more recent (alleged) blocking Bitfinex's ability to process USD withdrawals internationally. The USG gone out of their way to slow the growth of cryptodom on more than one occasion. And they love to go after the fictitious and ultimately victimless (other than the State, argueably) "crime" of money laundering.
I'm not saying that it's right, or that I support their actions. The fact of the matter is I love my country, but hate it's government with a passion.
I don't believe in this site anymore.
This post received a 3% upvote from @randowhale thanks to @vysmek! For more information, click here!
Not sure they will be able to be trusted as before.
Wait
Feed the government!
Or was I looking for a different f word?
https://dtube.video/#!/v/ragetester/6xicf9st
Truth revealed on old tv show, people still ignorant...
$5% - 55% is still a helluva haircut. And there is no guarantee that using their platform won't produce further hassles in the future.
It is okay they are going to live again. But they will face trust issue always. Hope for the best
Great works, I wish you success
great post ....like it
nice post
what did BTC-e code system do
BTC-e codes allowed you to produce "vouchers" or "coupons" for money in your account, then you could give the code to people to easily give people money, without having to ask them where to send it.
They are going to work alot to provide confidence to the audience again, they allready lost of share market
Thanks for the info
Cool!!!
Too bad that about half of the balances are gone. What can users do with the BTC-E token given in return?
Trade it, or hold it and wait for BTC-e to do a buyback.
Bing it ON...
I thought it would never come back when I saw that it was seized by the FBI thinking that they can dictate, control and regulate things like foreign exchanges which as you said is ridiculous as the US shouldn't be acting like world police.
I'm glad that BTC-E is back and it is probably a smart move to block US consumers. Thanks for the update @someguy123
https://steemit.com/bitcoin/@jasmine.clarke/btc-e-may-open-on-september-1
cool