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Sep 17, 2017
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Former Bitcoin Exchange BTC-e Reopens as WEX.nz

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BTC-e, the Russian exchange platform closed by the FBI recently, has officially reopened for users on the new domain name WEX.nz, according to a post on the BTC-e Twitter account.

Statement of thanks

The company also issued a formal statement on its website thanking users for their patience and indicating that they had launched the new site and had ported user balances over. While the site is active and live, a number of comments in the Twitter feed indicated that login was difficult.

However, the statement from WEX indicated that the site was running only in test most to verify that transactions were registering properly. The statement said:

“Our platform will work in a test mode for general security reasons, to test how all blocks work. Daily limits will be set for withdrawal (you can find information about them in your account), they will be removed in future. Test mode will be enabled from three to seven working days. After this period is over, the platform will work without limits, thank you for your kind understanding.”

VIP platform

The statement also indicates that the site has opened a separate VIP section which will serve those depositing more than $100,000. This feature can only be accessed by sending a direct message to the management.

BTC-e has been embroiled in a number of legal disputes after the FBI shuttered the site, including accusations that the site was responsible for laundering the BTC from the infamous MtGox hack.

Bitcoin advocate, entrepreneur, author. Working on cryptocurrencies

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Bitcoin advocate, entrepreneur, author. Working on cryptocurrencies