Wex.nz, Formerly Known As BTC-e Has Their Domain Suspended

On November 21, the official website of the well-known cryptocurrency exchange WEX.nz was suspended. WEX representatives have asked users to use the wex.link site mirror. According to the information on the Domain Name Commission (DNC) website that manages the .nz domain, the resource was suspended due to doubts about the authenticity of registration data.

https://twitter.com/WEXnz/status/1065241700237484038

The blocking also affected addresses: wexbet.nz, wexcash.nz, wexcoin.nz, wxcash.nz, wxcoin.nz. These suspensions follows regulatory inquiries into the exactitude of the listing specifications that were implemented for each of the domains. Apparently, there were several complaints against the domains.

“The Domain Name Commission has suspended the domain names for fake registration details in accordance with enforcing data validation measures under the .nz Principles and Responsibilities policy. The Commission wants .nz to be a safe, trusted and secure domain name space which is supported by its data validation process.”

Numerous charges have been registered to face the exchange with the Russian police this year. Customers who lost money or have seen anomalies have created a website, wex-scam.com, as well a few Telegram channels, to support each other.

A Crypto-focused tweeter, Collin Crypto, pointed out earlier this year that WEX.nz is trading Bitcoin [BTC] at a value of $9000. This came as a surprise given the fact that it only sat at a value of approximately USD$6,425 then. Collin Crypto views this as WEX.nz’s attempt to “attract people to deposit $btc wanting to arbitrage and then exit scam”. He also noted that this supposed strategy was done right before its “planned maintenance”.

Even now, on the mirror of WEX.nz, users still have problems with the withdrawal of funds, and the Bitcoin exchange rate on the stock exchange fluctuates around $ 8,200.

Earlier this month, BTC-e’s Operator Alexander Vinik was in the news cycle. According to the United States, he laundered between $4 to $9 billion dollars using the Btc-e exchange that he was allegedly operating. Although his lawyer Zoe Konstantopoulou, judges of the Greek Supreme Court have breached the rights of Mr. Vinnik.