What happened to the BTC-E cryptocurrency exchange? A viewpoint from CASEXE’s expert

25 July 2017, one of the most popular cryptocurrency exchanges, BTC-E, was unaccessible to users. A few hours later, the exchange stated that “in connection with the technical works at the BTC-E data center, the site may be temporarily unavailable”, “technical works are nearing completion”. However, a day later, the exchange never got online.

BTC-E published a message at its official Twitter, indicating that the operation would be recovered within 5-10 days.

The network began to circulate rumors that more than $169 million were stolen from the exchange. In addition, according to some information, the exchange may have been temporarily disabled during the fall of the Bitcoin course. The information has not been confirmed at the moment.

As we have informed, 25 July, the Bitcoin rate depreciated by $200. However, the last time of Bitcoin’s fall by 500$ on 14-16 July the exchange resource remained available.