bitcoin What The F#$k Happened To BTC-E? update

racryptospace (44)in #bitcoin • 7 years ago (edited)

OOooOOoo I know there are a whole bunch of mad cryptonians out there right now considering there were several in BTC- E troll box expressing how much in millions of dollars that they were trading with on the site!
article found here info in this article came from
https://www.forbes.com/sites/thomasbrewster/2017/07/25/google-ransomware-multi-million-dollar-business-with-locky-and-cerber/#566a30d26caf

X2
btc-e is down claims of 196 million lost what are your thoughts and opinions
It is strange that Forbes seems to be the only main stream source accusing BTC-E at the time of writing this and the timing of the article in addition to the time of BTC-E going down forces one to put 1 and 1 together and get 2. Recent sanctions placed on Russia then add in that chunk of propaganda from Forbes especially noting the wording and you have a bunch of use to be crypto millionaires possibly now sufering a hefty loss.
Lesson to learn - crypto currency was created to be de-centralized so keep your cryptos in your personal wallets and off third party sites unless it is for immediate trading and your entire portfolio should not be all in one - ever heard the saying "DO NOT Place All of Your Eggs in 1 Basket" - know why - if that basket takes a hit you will take a great loss so spread your eggs around. Slow leak your deposits and withdraw right away! So sad to lose soooo much money in that way! This is just the starting line of madness through attacks from many fronts on crypto-space so HODL ur coins because here the bullshit comes!

Crypto space has clearly been shoved into the direction of politics so HODL your coins even more closely!
Stand strong because weak hands will get broken while true believers tough it out for the long term knowing and seeing what is to come in the form of benefit from crypto-space!
If it is a cut and run situation - well to the victims condolences to your losses and if it is not a cut and run but a fix needed due to a shut down from net neutrality due to a claim made with no factual evidence to prove such claim(s) then the question no one is asking but need to is what sparked it? Cause and effect!

Google Warns Ransomware Boom Scored Crooks $2 Million A Month As the ransomware scourgecalms down for the summerholidays, Google has taken aretrospective at thatparticular pesky form ofcybercrime, finding it onlybecome massively profitablein the last year and a half.
Locky and Cerber. They're the illicit market’s kingpins that really came to life in 2016. With those and a handful of lesser ransomware families, criminals were making in excess of $2.5 million every month, according to the research, produced alongside researchers at University of California San Diego, New York University and blockchain analyst firm Chainalysis. Compared to the $140,000 made by WannaCry and $10,000 by NotPetya, both of which have been deemed destructive in nature and possibly the produce of nation state hackers, the figures are astronomical. “They WannaCry and NotPetya were clearly not.
Invernizzi, research scientist in Google's anti-abuse team. The data also showed a significant jump in overall ransomware profits from the first quarter of 2016 the the next, rising from just $100,000 to $2.5 million in a short timeframe. In recent months, revenues have actually dipped, though. "Maybe they’ve gone on holiday," suggested Elie Bursztein, Google's antiabuse lead. Cerber is the current number one menace, making $6.9 million to date, according to the research, released ahead of the Black Hat conference in Las Vegas this week. It’s been consistently earning more than $200,000.

the overall biggest earner at $7.8 million. It was the first to earn above $1 million a month. Riding atop botnets Their success, and the sudden jump in revenue, is down to their distribution via botnets, in particular one known as Necurs, said Damon McCoy, an assistant professor of computer science at New York University. According to data from IBM from April, Necurs was in control of 6 million victim PCs and is also responsible for delivering one of the world’s most pernicious banking malware types, Dridex. A sudden surge in Locky attacks, delivered via spam, was witnessed by Cisco's Talos division in April.
are believed to be the work of Russian cybercriminals. To dive into the ransomware market, Google and its university colleagues were able to take advantage of the tech giant's vast collection of malware, including 301,588 ransomware files across just 34 families. From there, they were able to look across Bitcoin transactions from the Blockchain. They determined that since 2014, ransomware crooks have made more than $25 million. It’s likely the figures aren’t representing the true cost of ransomware, as the researchers only added to the total when they had high confidence it was a true ransom payment.

ransom funds were cashed out at the Russian exchange BTC-E. That chimes with the indication that the biggest ransomware types are the produce of the biggest organized criminal gangs working out of Russia. In 2017, expect more innovation from the criminals, including more "ransomware-as-a-service" models with fancier customer support, said Invernizzi. The increasing professionalization of the digital underworld shows little sign of abating.

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