{"id":8311,"date":"2020-03-03T16:06:34","date_gmt":"2020-03-03T14:06:34","guid":{"rendered":"https:\/\/forklog.media\/?p=8311"},"modified":"2020-03-03T16:10:35","modified_gmt":"2020-03-03T14:10:35","slug":"btc-e-crazy-story-of-financial-crime-unshared-spoils-and-lies","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/btc-e-crazy-story-of-financial-crime-unshared-spoils-and-lies\/","title":{"rendered":"BTC-e: Crazy Story Of Financial Crime, Unshared Spoils, And Lies"},"content":{"rendered":"<p style=\"text-align: left;\">The crypto-exchange BTC-e was operational between 2011 and 2017 but its history is still being made. The platform was involved in a major international money laundering scheme, but there\u2019s much more to its story: hackers, insurgents, threats, and a whole load of Bitcoin.<\/p>\n<p><!--more--><\/p>\n<p>Recently, ForkLog received an exclusive commentary regarding BTC-e exchange, its partnering companies, and money laundering through a large Russian bank. In this article, we tell the sad story of BTC-e exchange and share the latest findings on the tangled mess of shell companies, litigations, and almost ceaseless finger-pointing.<\/p>\n<h2>BTC-e Retrospective<\/h2>\n<p>According to the <a href=\"https:\/\/blog.wizsec.jp\/2017\/07\/breaking-open-mtgox-1.html?m=0\">report<\/a> by WizSec, back in 2011 hackers obtained private keys from Mt. Gox\u2019s hot wallet. As a result, they were in control over all deposits that went through the said wallet. Over the span of two years, hackers were emptying Mt. Gox users\u2019 accounts and transferring coins to Vinnik\u2019s addresses. By 2013, about 630 thousand BTC left their rightful owners.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Breaking open the MtGox case (comments on today&#39;s news): <a href=\"https:\/\/t.co\/oDlx56VqLH\">https:\/\/t.co\/oDlx56VqLH<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/MtGox?src=hash&amp;ref_src=twsrc%5Etfw\">#MtGox<\/a><\/p>\n<p>&mdash; WizSec Bitcoin Research (@wizsecurity) <a href=\"https:\/\/twitter.com\/wizsecurity\/status\/890268558348795905?ref_src=twsrc%5Etfw\">July 26, 2017<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Through Vinnik\u2019s addresses, the coins were getting to Russian crypto-exchange BTC-e, later renamed to WEX, and other platforms, including Mt. Gox. In total, about 300 thousand BTC ended up at BTC-e. Reportedly, some of these funds were deposited directly into the platform&#8217;s \u201cinternal storage,\u201d which pointed to Vinnik\u2019s involvement with BTC-e. Moreover, Alexander\u2019s wallets were used in other cases of theft from crypto-exchanges, including Bitcoinica and Bitfloor.<\/p>\n<blockquote><p><b><i>\u201cThe Mt. Gox accounts [Vinnik] used could be linked to his online identity &#8220;WME.&#8221; As WME, Vinnik had previously made a public outcry that coins had been confiscated from him (the coins in question coming from Bitcoinica),\u201d<\/i><\/b><i> reads the report.<\/i><\/p><\/blockquote>\n<p>In July 2017, the BTC-e website was blocked and the operating company fined $110 million civil money penalty for violating AML laws. The respective <a href=\"https:\/\/www.fincen.gov\/news\/news-releases\/fincen-fines-btc-e-virtual-currency-exchange-110-million-facilitating-ransomware\">announcement<\/a> by The Financial Crimes Enforcement Network also mentioned Russian national Alexander Vinnik as \u201cone of the operators of BTC-e.\u201d Vinnik himself was <a href=\"https:\/\/cointelegraph.com\/news\/greek-police-arrest-man-who-laundered-4-bln-in-bitcoin-over-6-years\">arrested<\/a> on July 25, 2017, in Greece. He was in the middle of a family vacation in a fancy hotel. FinCEN assessed a $12 million penalty against him for his role in the violations.<\/p>\n<p>The U.S., Russia, and France <a href=\"https:\/\/cointelegraph.com\/news\/new-extradition-request-complicates-case-of-bitcoin-fraud-suspect-alexander-vinnik\">wanted<\/a> to see Alexander Vinnik in their courts. By now, France has the lead. Among other things, Vinnik is accused of \u201cdefraud[ing] over 100 people in six French cities between 2016 and 2018.\u201d<\/p>\n<p>After the $110 million fine and btc-e.com shutdown that took place back in 2017, all the fiat funds belonging to BTC-e were frozen and the authorities seized 36% of users\u2019 funds. This meant that people weren\u2019t able to withdraw their money.<\/p>\n<p>The exchange quickly <a href=\"https:\/\/twitter.com\/btcecom\/status\/903257047256317952\">reemerged<\/a> with the new website btc-e.nz, promising to start paying out users their money without KYC after moving to a new platform on September 15th, 2017. As promised, the platform, now headed by Dmitri Vasilev, reopened on WEX.nz.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/t.co\/lNhIxs51dg\">https:\/\/t.co\/lNhIxs51dg<\/a> let&#39;s go trade! subscribe to <a href=\"https:\/\/twitter.com\/WEXnz?ref_src=twsrc%5Etfw\">@WEXnz<\/a> for futher updates.<\/p>\n<p>&mdash; BTC-E (@btcecom) <a href=\"https:\/\/twitter.com\/btcecom\/status\/908785405117550594?ref_src=twsrc%5Etfw\">September 15, 2017<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Users\u2019 accounts were restored and everybody had some bonus tokens eligible for trading. The company claimed it had an agreement with a list of verified exchange services that would facilitate withdrawals of dollars, euros, and rubles worldwide.<\/p>\n<p>Unfortunately for WEX\u2019s users, on September 28th, 2017, the platform <a href=\"https:\/\/twitter.com\/WEXnz\">introduced<\/a> account verification. The procedure was said to be optional, but it was mandatory for anybody who wanted to withdraw or deposit fiat, as well as for those whose money was lost with old BTC-e.<\/p>\n<p>After a year, in April 2018, WEX had <a href=\"https:\/\/forklog.com\/bitkoin-birzha-wex-vyplatila-pyatuyu-chast-dolga-platformy-btc-e\/\">paid out<\/a> about 20% of the $700 million estimated debt and was going to buy back users\u2019 tokens.<\/p>\n<p>On July 12th, the platform closed withdrawals due to alleged system maintenance.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Please pay your attention that on Thursday, July 12, 2018, WEX will undergo planned system maintenance. Maintenance will start at 10:00 AM UTC and should take up to 2 hours. Trading, withdrawals and other account functions might be suspended during this period.<\/p>\n<p>&mdash; WEX Official (@WEXnz) <a href=\"https:\/\/twitter.com\/WEXnz\/status\/1016330620308508672?ref_src=twsrc%5Etfw\">July 9, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Later, on July 21st, the platform was <a href=\"https:\/\/forklog.com\/dmitrij-vasilev-bitkoin-birzha-wex-prodana-moryachku\/\">sold<\/a> to Dmitry Khavchenko, who is tied to <a href=\"https:\/\/en.wikipedia.org\/wiki\/Donetsk_People%27s_Republic\">Donetsk People&#8217;s Republic<\/a>, an unrecognized state formed in the Donetsk Oblast of Ukraine. New owners believed the platform will be instrumental in moving money across the borders of the unrecognized state.<\/p>\n<p>Dmitri Vasiliev, ex-CEO of the platform, said that he didn\u2019t get any money from selling WEX but given the state of the business he would rather pay extra to get rid of it. He also noted that the new owners were the ones who initiated the deal, aggressively suggesting that he should sign the papers. At that time the total trading volume on WEX amounted to $3 million.<\/p>\n<p>In August 2018, the platform <a href=\"https:\/\/forklog.com\/eks-vladelets-bitkoin-birzhi-wex-dmitrij-vasilev-obyavlen-v-mezhgosudarstvennyj-rozysk\/\">turned out<\/a> to be bankrupt and has been defunct ever since. Former customers estimated that total losses exceeded $400 million. Dmitri Vasiliev was <a href=\"https:\/\/www.coindesk.com\/ex-ceo-of-crypto-exchange-wex-arrested-in-italy\">arrested<\/a> in Italy in July 2019. The actual details are unclear, but the arrest of WEX\u2019s ex-CEO isn\u2019t much of a surprise.<\/p>\n<h2>BTC-e Ties With Alpha Bank<\/h2>\n<p>The roster of organizers and members of the BTC-e exchange money laundering scheme involved poker players who had accounts with the Moscow branch of Alpha Bank. ForkLog got the information from Sergey Mayzus, the owner of a U.K.-based company Mayzus Financial Services (MFS), operating under the MoneyPolo trademark.<\/p>\n<p>According to Mayzus, in June 2017, MFS purchased an offshore company Okpay and got access to its client base and transaction history.<\/p>\n<blockquote><p><b><i>\u201cIn this history, we\u2019ve discovered that BTC-e exchange became Okpay\u2019s client in late summer 2011. It was represented by Dmitry Svetleishiy who opened a personal account there. This account received money from Trade Hill exchange. Subsequently, the funds have been used to buy hosting and BTC-e domain,\u201d <\/i><\/b><i>Mayzus told ForkLog.<\/i><\/p><\/blockquote>\n<p>After a while, a user with the same IP-address opened an account for Eurostyle Advisor, Alexander Vinnik\u2019s company that facilitated transactions for BTC-e clients. According to Sergey Mayzus, Eurostyle Advisor was also transacting with 15 offshore Cyprus-based companies involved with the case of money laundering via BTC-e.<\/p>\n<p style=\"margin: 12px auto 6px auto; font-family: Helvetica,Arial,Sans-serif; font-style: normal; font-variant: normal; font-weight: normal; font-size: 14px; line-height: normal; font-size-adjust: none; font-stretch: normal; -x-system-font: none; display: block;\"><a style=\"text-decoration: underline;\" title=\"View English Translation of the Court Order on Scribd\" href=\"https:\/\/www.scribd.com\/document\/449800022\/English-Translation-of-the-Court-Order#from_embed\">English Translation of the &#8230;<\/a> by <a style=\"text-decoration: underline;\" title=\"View ForkLog's profile on Scribd\" href=\"https:\/\/www.scribd.com\/user\/456422024\/ForkLog#from_embed\">ForkLog<\/a> on Scribd<\/p>\n<p><iframe loading=\"lazy\" class=\"scribd_iframe_embed\" title=\"English Translation of the Court Order\" src=\"https:\/\/www.scribd.com\/embeds\/449800022\/content?start_page=1&amp;view_mode=scroll&amp;show_recommendations=false&amp;access_key=key-ofp7ORHXMJ2AjDqpmevs\" width=\"100%\" height=\"600\" frameborder=\"0\" scrolling=\"no\" data-auto-height=\"true\" data-aspect-ratio=\"0.7081021087680355\"><\/iframe><\/p>\n<p>Mayzus said that in autumn 2013, the nominee director of Always Efficient Alexander Buyanov, the nominee director of Canton Business Corporation Stanislav Golovanov, and Alexander Vinnik opened personal accounts with MFS. All three were created via the same IP but at different points in time. Through these accounts, the businessmen funneled transactions for BTC-e clients. There were two more accounts registered for Always Efficient and one for Canton Business Corporation, which was allegedly operating a mining business.<\/p>\n<h3>NCA Reports<\/h3>\n<p>MFS began filing the first reports about Vinnik\u2019s companies\u2019 operations to the National Crime Agency (NCA) back in 2013. Mayzus\u2019 company had concerns about certain transactions that could be tied to tax evasion.<\/p>\n<p>After opening an account with MFS, Vinnik was assigned a medium-to-high risk category, meaning that he had to go through additional identification procedures either via video or in person. During his identification, Vinnik met the CEO and CFO of MFS.<\/p>\n<blockquote><p><b><i>\u201cVinnik provided the identifying documents and showed that he is indeed the person in control of BTC-e crypto-exchange, that he isn\u2019t a nominee, and that an account was opened for him,\u201d <\/i><\/b><i>Mayzus said.<\/i><\/p><\/blockquote>\n<p>Considering the FBI saying that money laundering can happen via crypto-exchanges, MFS filed a Suspicious Activity Report concerning BTC-e. The report included individuals affiliated with the exchange and its ultimate beneficiary. MFS was also willing to provide information on all transactions for the accounts in question.<\/p>\n<blockquote><p><b><i>\u201cThere wasn\u2019t a subsequent report about the exchange itself, but rather about particular transactions, as [MFS] suggested that the clients who conduct illegal operations are the greatest danger. We\u2019ve been responding to inquiries from various law enforcement agencies, including those in the U.S. Everybody knew that BTC-e is controlled by Alexander Vinnik,\u201d<\/i><\/b><i> Mayzus said<\/i><\/p><\/blockquote>\n<h3>The Scheme<\/h3>\n<p>Between 2011 and 2017, MFS opened at least 7 accounts for BTC-e\u2019s front companies and employees. The total volume of their transactions processed by MFS amounted to $100 million.<\/p>\n<blockquote><p><b>\u201cVinnik opened accounts for Always Efficient, Canton Business Corporation, Gem Invest, Eurostyle Advisor, and Voix Impex. Gem Invest was accepting cryptocurrency payments meant for xBTCe crypto-exchange, which was also controlled by Vinnik and his tea. He had already warned the MFS\u2019s compliance about this exchange back in 2015,\u201d<\/b> Mayzus said.<\/p><\/blockquote>\n<p>According to his information, xBTCe belongs to Alexander Klimenko, the owner of FXOpen. The head and director of FXOpen is Denis Peganov, who is also the director of XP Solutions.<\/p>\n<blockquote><p><b><i>\u201cLooking into Peganov\u2019s persona, I figured out that he plays poker and took part in several poker championships. From people in the poker community I\u2019ve learned that in April 2017, Peganov was visiting Monaco for the PokerStars tournament. He was staying in the same hotel room with a guy called Alexey, a BTC-e administrator. The last name of this Alexey puzzled me for a while. Later, after noticing the BTC-e administrator\u2019s name on BBC Russia, I\u2019ve googled \u2018Bilychenko Poker\u2019 and \u2018Peganov Poker,\u2019 and the pieces came together.<\/i><\/b><\/p>\n<p><b><i>&#8220;Moreover, poker also connects these two with Dmitry Vasiliev (ex-CEO of WEX exchange) and a notorious hacker [Dmitry Olegovich] Zubakha,\u201d <\/i><\/b><i>Mayzus told ForkLog.<\/i><\/p><\/blockquote>\n<p>Given the information, Sergey Mayzus described a possible money laundering scheme involving BTC-e.<\/p>\n<blockquote><p><b>\u201cVia Mayzus Financial Services, Vinnik was receiving payments from BTC-e\u2019s clean clients to Always Efficient\u2019s account. Then he would use the account to make payments to clients. At the end of each day, he transferred whatever money left to Canton Business Corporation\u2019s account with MoneyPolo. After that, the money went to XP Solutions\u2019 account with Alpha Bank in Moscow, then to FXOpen\u2019s accounts.\u201d<\/b><\/p><\/blockquote>\n<p>According to Mayzus, the money didn\u2019t get back from this account, except for one case in early 2014, when Mt.Gox went bankrupt.<\/p>\n<blockquote><p><b><i>\u201cThis asks for a deeper investigation. What happened to the money after getting to FXOpen is a question for the regulator,\u201d<\/i><\/b><i> he noted.<\/i><\/p><\/blockquote>\n<p><a href=\"https:\/\/forklog.com\/en\/wp-content\/uploads\/2020\/03\/IMG_20200225_201930-e1582654925216.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-8317 size-full aligncenter\" src=\"https:\/\/forklog.com\/en\/wp-content\/uploads\/2020\/03\/IMG_20200225_201930-e1582654925216.jpg\" alt=\"The invoice for $1.565 million to be paid to XP Solutions by Canton Business Group. Screenshot by Sergey Mayzus\" width=\"576\" height=\"820\" srcset=\"https:\/\/forklog.com\/en\/wp-content\/uploads\/2020\/03\/IMG_20200225_201930-e1582654925216.jpg 576w, https:\/\/forklog.com\/en\/wp-content\/uploads\/2020\/03\/IMG_20200225_201930-e1582654925216-211x300.jpg 211w, https:\/\/forklog.com\/en\/wp-content\/uploads\/2020\/03\/IMG_20200225_201930-e1582654925216-330x470.jpg 330w\" sizes=\"auto, (max-width: 576px) 100vw, 576px\" \/><\/a><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 10pt;\"><i>The invoice for $1.565 million to be paid to XP Solutions by Canton Business Group. Screenshot by Sergey Mayzus<\/i><\/span><\/p>\n<p>Mayzus said that over the first half of 2017 alone, XP Solutions\u2019 accounts received upwards of \u20ac30 million. According to him, Klimenko initially confirmed that there\u2019s over \u20ac40 million on FXOpen\u2019s account. They would open short positions for some currency pair for the entire deposit. Most likely, Klimenko, who had the money, would open overlapping positions in some offshore company.<\/p>\n<h2>Made-Up Criminal Cases<\/h2>\n<p>After Vinnik\u2019s arrest in 2017, MFS went through two AML checks.<\/p>\n<blockquote><p><b><i>\u201cOn the backdrop of the international scandal, our personal and corporate accounts started closing. Moreover, since August, my family and I have received threats of physical violence. I contacted Cyprus police and am now under the witness protection program. On October 26th, I filed a lawsuit against 16 companies and Alexander Vinnik seeking \u20ac200 million in damages,\u201d<\/i><\/b><i> Mayzus said.<\/i><\/p><\/blockquote>\n<p>By November 13th, Vinnik has already entered proceedings as a defendant. Interestingly, by that time, only a single Cyprus-based company Edelvace Limited has been informed.<\/p>\n<blockquote><p><b><i>\u201cAt the same time, I was contacted by a Russia Today correspondent, who asked me about the lawsuit. I haven\u2019t told anybody about the lawsuit. It isn\u2019t hard to conjecture who told the media about the case.<\/i><\/b><\/p>\n<p><b><i>Using Facebook, I found the phone number of Timofey Musatov. He confirmed that he had information about the lawsuit and invited me to Greece as a witness in Vinnik\u2019s case. There he demanded that I deny any relation between Vinnik and BTC-e in court. I told him that I don\u2019t want to be an accomplice since MFS had already filed several reports about Vinnik\u2019s company and the FBI had taken the relevant documents from us. Musatov then threatened to make me a criminal and have my property arrested. He also said that I won\u2019t get anything from Vinnik since he doesn\u2019t have anything.\u201d<\/i><\/b><\/p><\/blockquote>\n<p>Subsequently, Mayzus had excluded Alexander Vinnik\u2019s name from the lawsuit against the Cyprus companies.<\/p>\n<blockquote><p><b><i>\u201cThe court would have required us to disclose SAR documents involving Vinnik\u2019s partners and their transactions. Musatov and his accomplices could get to these documents. According to English laws, this would be considered \u201ctipping off,\u201d which is giving somebody a tip about an investigation against them. I couldn\u2019t let this happen, so my lawyer and I revoked the lawsuit against Vinnik. The further proceedings would go on in a closed manner, inaccessible to Musatov. The judge reviewed the documents we\u2019ve provided and ruled that the companies in question were involved in illegal activities and have to pay out the damages.\u201d<\/i><\/b><\/p><\/blockquote>\n<p>Recently, Sergey Musatov got access to a written conversation from 2017 between Timofey Musatov and Vinnik\u2019s Greek lawyer Ilias Spirliadis. In the conversation, Musatov offers to fabricate a criminal case against Mayzus in Greece. ForkLog reviewed excerpts from the correspondence.<\/p>\n<p>According to Mayzus, the conversation took place before he met Musatov in person.<\/p>\n<blockquote><p><b><i>\u201cThe reason behind this attempt is that Musatov knew that I could be a threat to his client Vinnik. I could\u2019ve acted as a witness, as Vinnik was a client of the company I own,\u201d <\/i><\/b><i>Mayzus suggested.<\/i><\/p><\/blockquote>\n<p>He also speculated that Igor Ashmanov, a Russian businessman, may be involved with the fake criminal case. According to a <a href=\"https:\/\/roem.ru\/10-01-2020\/281223\/necklace-vsyo\/?fbclid=IwAR0Cx512UpzxjSG6XqW1Co8tEHZuQpXbzDOCVdfC9sjo7JX7wrHr99iUksg?fbclid=IwAR0Cx512UpzxjSG6XqW1Co8tEHZuQpXbzDOCVdfC9sjo7JX7wrHr99iUksg#comment-293076\">conversation<\/a> on roem.ru, Ashmanov called Mayzus out for \u201csnitching on Vinnik to the FBI\u201d and \u201ccashing out and stealing Bitcoin.\u201d<\/p>\n<blockquote><p><a href=\"https:\/\/forklog.com\/en\/wp-content\/uploads\/2020\/03\/image_2020-02-25_15-31-29.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-8313 size-full\" src=\"https:\/\/forklog.com\/en\/wp-content\/uploads\/2020\/03\/image_2020-02-25_15-31-29.png\" alt=\"Roem.ru screenshot 1\" width=\"665\" height=\"150\" srcset=\"https:\/\/forklog.com\/en\/wp-content\/uploads\/2020\/03\/image_2020-02-25_15-31-29.png 665w, https:\/\/forklog.com\/en\/wp-content\/uploads\/2020\/03\/image_2020-02-25_15-31-29-300x68.png 300w, https:\/\/forklog.com\/en\/wp-content\/uploads\/2020\/03\/image_2020-02-25_15-31-29-470x106.png 470w\" sizes=\"auto, (max-width: 665px) 100vw, 665px\" \/><\/a><\/p>\n<p style=\"padding-left: 40px;\"><b><i>\u201cI see one right in front of me. Wasn\u2019t that you snitching on Vinnik to the FBI? Come on, sue me and prove that you aren\u2019t a snitch. That you weren\u2019t cashing out and stealing Bitcoin. And I will explain how this is my value judgment. A couple of years of entertainment for you and a job for the lawyers.\u201d<\/i><\/b><\/p>\n<p><a href=\"https:\/\/forklog.com\/en\/wp-content\/uploads\/2020\/03\/image_2020-02-25_15-30-20.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-8312 size-full\" src=\"https:\/\/forklog.com\/en\/wp-content\/uploads\/2020\/03\/image_2020-02-25_15-30-20.png\" alt=\"Roerm.ru screenshot 2\" width=\"651\" height=\"548\" srcset=\"https:\/\/forklog.com\/en\/wp-content\/uploads\/2020\/03\/image_2020-02-25_15-30-20.png 651w, https:\/\/forklog.com\/en\/wp-content\/uploads\/2020\/03\/image_2020-02-25_15-30-20-300x253.png 300w, https:\/\/forklog.com\/en\/wp-content\/uploads\/2020\/03\/image_2020-02-25_15-30-20-470x396.png 470w\" sizes=\"auto, (max-width: 651px) 100vw, 651px\" \/><\/a><\/p>\n<p style=\"padding-left: 40px;\"><b>\u201cThen why are Mayzus Financial (or whatever it\u2019s called) and its clones in Vinnik\u2019s case called a criminal organization that laundered and\/or stole $80 million from the exchange? Hadn\u2019t you personally confirmed in the court that these are your companies?<\/b><\/p>\n<p style=\"padding-left: 40px;\"><b>The money didn\u2019t stay in these companies? It wasn\u2019t other people\u2019s? It wasn\u2019t theft? You did even offer Musatov to unlock and hide the money to share it later. You were trying to talk BTC-e investors into giving you this money in Riga, weren\u2019t you?<\/b><\/p>\n<p style=\"padding-left: 40px;\"><b>I heard all this from Timofey a while ago. I can\u2019t recall it perfectly but it still looks bad.<\/b><\/p>\n<p style=\"padding-left: 40px;\"><b>All in all, you and your buddies are toxic. I wonder how you, an outsourced FBI agent who hides $100 million, can freely go to Russia.<\/b><\/p>\n<p style=\"padding-left: 40px;\"><b>So, you need anything from me?<\/b><\/p>\n<p style=\"padding-left: 40px;\"><b>Why do you send me stale links about me? I\u2019ve read and discussed those months ago.<\/b><\/p>\n<p style=\"padding-left: 40px;\"><b>But why? I would understand it, if needed insults from me, so you can sue for defamation. But what, you are going to notarize roem screenshots?<\/b><\/p>\n<p style=\"padding-left: 40px;\"><b>The conversation is over.<\/b><\/p>\n<p style=\"padding-left: 40px;\"><span style=\"font-size: 10pt;\"><i>Screenshots and translation of the conversation on roem.ru<\/i><\/span><\/p>\n<\/blockquote>\n<p>Notably, Sergey Mayzus became the MFS director and got access to the user base on December 22d, 2017. Before that, he was one of the shareholders in the company<\/p>\n<p><a href=\"https:\/\/forklog.com\/en\/wp-content\/uploads\/2020\/03\/IMG_20200225_202024-e1582654935221.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-8318 size-full aligncenter\" src=\"https:\/\/forklog.com\/en\/wp-content\/uploads\/2020\/03\/IMG_20200225_202024-e1582654935221.jpg\" alt=\"Appointment of Director\" width=\"484\" height=\"820\" srcset=\"https:\/\/forklog.com\/en\/wp-content\/uploads\/2020\/03\/IMG_20200225_202024-e1582654935221.jpg 484w, https:\/\/forklog.com\/en\/wp-content\/uploads\/2020\/03\/IMG_20200225_202024-e1582654935221-177x300.jpg 177w, https:\/\/forklog.com\/en\/wp-content\/uploads\/2020\/03\/IMG_20200225_202024-e1582654935221-277x470.jpg 277w\" sizes=\"auto, (max-width: 484px) 100vw, 484px\" \/><\/a><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 10pt;\"><i>Appointment of Director. Screenshot by Sergey Mayzus<\/i><\/span><\/p>\n<blockquote><p><b><i>\u201cGiven the new information, I\u2019m sure that the criminal case fabrication and the rest of it were organized by Musatov and Ashmanov to get rid of me as the main witness of the prosecution,\u201d <\/i><\/b><i>Mayzus said.<\/i><\/p><\/blockquote>\n<p>ForkLog asked Igor Ashmanov to comment on his statements about Mayzus.<\/p>\n<blockquote><p><b><i>\u201cI don\u2019t want to discuss it. Mayzus knows the real situation, so do I. I see no reason to publicly discuss something aside from what is already said,\u201d<\/i><\/b><i> Ashmanov told ForkLog.<\/i><\/p><\/blockquote>\n<h2>To Be Continued<\/h2>\n<p>The BTC-e story moves slowly, but each new development makes the case and the scope of its consequences much more significant. Now, it proceeds with a large Russian bank on board.<\/p>\n<p>Importantly, the story hasn\u2019t come to the ultimate conclusion yet. There\u2019s still BTC-e\u2019s money to be found, more criminal ties to uncover, and people to blame.<\/p>\n<p><i>This piece is based on several Russian-language articles written by Nick Schteringard and Lena Jess, originally published on ForkLog. The views expressed in the article are those of the authors and parties involved.<\/i><\/p>\n<p><b>Follow us on<\/b>\u00a0<a href=\"https:\/\/twitter.com\/forklogmedia\"><b>Twitter<\/b><\/a><b>\u00a0and\u00a0<\/b><a href=\"https:\/\/www.facebook.com\/forklogmedia\"><b>Facebook<\/b><\/a><b>\u00a0and join our\u00a0<\/b><a href=\"https:\/\/t.me\/forklogmedia\"><b>Telegram channel<\/b><\/a><b>\u00a0to know what\u2019s up with crypto and why it\u2019s important.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The crypto-exchange BTC-e was operational between 2011 and 2017 but its history is still being made. The platform was involved in a major international money laundering scheme, but there\u2019s much more to its story: hackers, insurgents, threats, and a whole load of Bitcoin.<\/p>\n","protected":false},"author":6,"featured_media":8320,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"human_written","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[798],"tags":[688,173,218,136],"class_list":["post-8311","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investigations","tag-alexander-vinnik","tag-btc-e","tag-money-laundering","tag-mtgox"],"aioseo_notices":[],"amp_enabled":true,"views":"1334","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/8311","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=8311"}],"version-history":[{"count":6,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/8311\/revisions"}],"predecessor-version":[{"id":8323,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/8311\/revisions\/8323"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/8320"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=8311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=8311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=8311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}