Crypto Mining Blog

Yesterday the BTC-e crypto currency exchange went offline with some unexpected technical issues cited as the problem. The website is still not available online and there has been some unexpected, yet interesting development happening in the meantime. Reuters has reported that Greece arrests Russian suspected of running $4 billion bitcoin laundering ring and the person in question (Alexander Vinnik) is apparently associated with BTC-e in some way or another and the exchange has apparently been used for money laundering according to the information. Meanwhile WizSec has released an update regarding the MtGox hack tying the person in question with laundering the Bitcoins stolen from MtGox (not the actual “hacker” or hacker it seems). Apparently more details regarding the MtGox connection, the BTC-e case and money laundering are yet to follow…