RIP BTC-e exchange

A Russian man suspected of being the anonymous mastermind behind one of the world's oldest crypto-currency exchanges and of laundering at least $4 billion has been arrested in Greece, police and sources said on Wednesday.

Police sources identified him as Alexander Vinnik, 38, who was arrested after a tip-off in a small beachside village in northern Greece on a U.S. warrant. Police said the United States would seek to extradite him.

Two sources close to the BTC-e virtual currency exchange, who declined to be identified while the case was open, said Vinnik was a key person behind the platform, which has been offline since reporting "technical problems" late on Tuesday.

"An internationally sought 'mastermind' of a crime organization has been arrested" Greek police said in a statement. "Since 2011 the 38-year-old has been running a criminal organization which administers one of the most important websites of electronic crime in the world."

Police said "at least" $4 billion in cash had been laundered through a bitcoin platform since 2011 - the year BTC-e was founded - with 7 million bitcoins deposited, and 5.5 million bitcoins in withdrawals.

What bitcoin is illegal?

it sounds like he made hella cash

but in the end most of those 7mill deposited were in the early stages, if not then he made some good money

NOOOOO i have 80$ on this
No no no
I say no
Its not possible

Used it a while ago, thank goodness I got smarter.

phew thankfully im not on btc-e but rip to those who are

so many RIP posts these days

Current price 2,762

never used BTC-e.

damn , if i had that type of money theres NO WAY i wouldve got caught