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RE: An Australian Trader Had USD$430,000 of Crypto Confiscated by the United States Government On BTC-e: A Timely Reminder to Withdraw Your Funds From Exchanges, or Use the Openledger DEX.
How can this even be possible? If the exchange is incorporated in Russia: isn´t it off the US jurisdiction? Seems like there is only one world jurisdiction now. Amazing.
The bitshares DEX is not as safe as the openledger DEX? Or is it that they are one and the same?
There is only one DEX, but people call it many things:
They are all exactly the same entity. In terms of how the assets were seized, you may see parallels in the Kim Dotcom saga. The United States seems to think it can charge anyone, anywhere, despite the fact they have never operated on US soil.
As an interesting sidenote, BTC-e is actually registered where I live, in New Zealand! The same goes for the shell company behind BTC-e.
This is New Zealand´s government fault, again, then. So NZ has no sovereignity... The episode about Kim dot Com was outrageous, and it´s becoming the norm! Let´s hope it´s just NZ that has no bowls. But why do these exchanges keep chosing NZ as their base, then? Hard to understand. I´m getting old, it must be.
It does not sound like the NZ government had any say in this seizure, and it is Greece that is extraditing Vinnik.
Well yes, not directly. But how come does NZ accept this outrageous stepping into their jurisdiction?
I don't think there has been any discussion. The USA just did what they wanted.
Yes. So sad. But no diplomatic complaints. Perhaps they do complain, and one does not know about it. But it looks like it is simply assumed that the law of the planet is the law of the one with the biggest stick. So sad.