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RE: Apparently some person was arrested in Greece for "laundering" $4 billion in BTC, accused by the USA

in #bitcoin7 years ago

The sad thing about this whole scenario is that the US will steal all the money if they get ahold of the servers. The outrage if they did this with a traditional securities firm would be incredible, but the can just label a bitcoin exchange as money launderers and steal from the clients. Most people are too stupid to do any research on what the firm actually did. BTC-e has been by far the most reliable exchange in Bitcoins history. I have used it extensively. Even with unknown owners it had heavy traffic and was well ran. I have had absolutely no problems using it. Now compare that to Coinbase where I get random audits from them about my bitcoin purchases. Or how about MT Gox which had a host of issues, Poloniex which has been hacked several times, Bitstamp, Bifinex and Bter have all been hacked. Other exchanges have just shut down and exit scammed. BTC-e has always been very trustworthy.

The US just doesn't like the secretive nature of the exchange. But if they were traditional money launderers they would actually charge decent fees. BTC-e charges .2% hardly the money you would expect from a large money laundering operation.