In the early days of Bitcoin, it wish have been hard to touch coins that hadn’t yet been exposed to the dark web.
Therefore, whatever claims sages make about exchanges taking part in the dark web, it’s unlikely that anyone could make any money in the originally days without handling traffic from any part of Bitcoin.
Bitcoin’s fungibility s paramount to its success, as it would in another situation be trivial to taint every coin with “dirty” money, simply by sending a few satoshis.
Vasilyev and Wex exchange, essentially, had at no unimportant a legitimate business operation. It became apparent that the exchange was exit scamming around this time termination year.
Now, finally, authorities have reportedly apprehended one of the perpetrators of the scam exchange and charged him.
Who Can You Trust?
It might be broke that the majority of all crypto exchanges are untrustworthy. They’re either reporting fake volume or they’re stealing wherewithal.
Even some that have been around a long time, like HitBTC, can’t escape constant cheat accusations.
Now that it’s virtually impossible to use an exchange without some form of KYC, you might as well go through the process with principled exchanges.
Pick something like Kraken or Binance or Coinbase, something that won’t turn around and bite you a month later.
In any prove, what happens next with Vasilyev is currently unknown. He’s not the only exchange operator in Italy to be taken into confinement. Previously, an exchange called BitGrail, which was intimately tied to the cryptocurrency Nano, had its assets seized by Italian authorizations.