DrStrange

Withdrawal BTC from btc2ripple.com

47 posts in this topic

3 hours ago, winthan said:

I think you may wanna get input from @T8493. He may have some background for EU regulations and some general information. 

 

 

I doubt I can provide any useful insight. This is beyond my field of expertise (IT/Insurance/Personal Data Protection).

I'm not even sure that an EU law applies in this case. Didn't SnapSwap have a company in the US?

@DrStrange,  first try to figure out which company issued your IOUs (SnapSwap EU or SnapSwap US?) and which company owns your "real" BTC. SnapSwap EU must respond to this inquiry.

You have the "right to access" under the EU Data Protection Directive 95/46/EC. If they don't give you your personal data, file a complaint with the Luxembourg ICO.

They could also get into a lot of trouble if they had transferred personal data between SnapSwap US and SnapSwap EU (especially without the explicit consent of their users).

I would also file a complaint with their financial regulator. But I doubt they can do anything (except issue a public warning which will be also translated and published by regulators in other EU countries).

The SnapSwap.eu certificate shows the following information:

O = SnapSwap International S.A.
STREET = 59, Boulevard Royal
L = Luxembourg
S = Luxembourg

BTW: if your contract with SnapSwap didn't contain provisions regarding the legislation that applied, it could be a problem to find out in which country you have to sue them.

 

 

 

Edited by T8493

winthan likes this

Share this post


Link to post
Share on other sites
8 hours ago, DrStrange said:

I would like to know this address is correct - http://rekvizitai.vz.lt/en/company/uab_skv3/valentin_kozlovskij_generalinis_direktorius/  and https://snapswap.eu/contact.html. I am going to find a way to file a lawsuit. Is there anyone who help a lawsuit against them in their country?

The address in vz.lt site I guess is correct because this site just shows official registration credentials of companies. Although if you look up this address in google maps you can see that it is some old soviet style residential apartment building, so I guess this address was just used to register the company and they do not really operate from there. Also in "Emploees" tab you can see that they have 0 ensured employees...

Perhaps Ripple support could help in some way? After all BTC.btc2ripple basically was an official BTC IOU in Ripple Trade before migration to GateHub, that is one could send BTC straight to bitcoin network (or vice versa) using this service. So in that sense Ripple (Labs) at least partially morally (not only morally?) responsible, especially bearing in mind that they did not issue any recommendation that one should sell all BTC.btc2ripple before migration to GateHub (same goes for btc2ripple themselves obviously).

Share this post


Link to post
Share on other sites
17 minutes ago, velmet said:

The address in vz.lt site I guess is correct because this site just shows official registration credentials of companies. Although if you look up this address in google maps you can see that it is some old soviet style residential apartment building, so I guess this address was just used to register the company and they do not really operate from there. Also in "Emploees" tab you can see that they have 0 ensured employees...

Perhaps Ripple support could help in some way? After all BTC.btc2ripple basically was an official BTC IOU in Ripple Trade before migration to GateHub, that is one could send BTC straight to bitcoin network (or vice versa) using this service. So in that sense Ripple (Labs) at least partially morally (not only morally?) responsible, especially bearing in mind that they did not issue any recommendation that one should sell all BTC.btc2ripple before migration to GateHub (same goes for btc2ripple themselves obviously).

 
 
 

 

2 hours ago, T8493 said:

 

I doubt I can provide any useful insight. This is beyond my field of expertise (IT/Insurance/Personal Data Protection).

I'm not even sure that an EU law applies in this case. Didn't SnapSwap have a company in the US?

@DrStrange,  first try to figure out which company issued your IOUs (SnapSwap EU or SnapSwap US?) and which company owns your "real" BTC. SnapSwap EU must respond to this inquiry.

You have the "right to access" under the EU Data Protection Directive 95/46/EC. If they don't give you your personal data, file a complaint with the Luxembourg ICO.

They could also get into a lot of trouble if they had transferred personal data between SnapSwap US and SnapSwap EU (especially without the explicit consent of their users).

I would also file a complaint with their financial regulator. But I doubt they can do anything (except issue a public warning which will be also translated and published by regulators in other EU countries).

The SnapSwap.eu certificate shows the following information:

O = SnapSwap International S.A.
STREET = 59, Boulevard Royal
L = Luxembourg
S = Luxembourg

BTW: if your contract with SnapSwap didn't contain provisions regarding the legislation that applied, it could be a problem to find out in which country you have to sue them.

 

 

 

 
 
 

The SnapSwap is renamed and run by btc2ripple.com. According to whois records, it leads to UAB SKV 3.

Company: UAB SKV3 (Val Kozlovsky)
Address: 11-77 Zemaites Street Vilnius 03118 LT 
Phone: +370.68517498
Email: support@btc2ripple.com
http://rekvizitai.vz.lt/en/company/uab_skv3/valentin_kozlovskij_generalinis_direktorius/

By the look of his Ripple address (r4RQjDVX5XTA5TjkHPbTWNNtbURUaVpnNP), I think, he received BTC from rwXtqkj2ZtBeoRmSchasGkubA7tRmL1YY6, and late transfered with paxmoneta.com and transfered for Snapswap BTC.
 @DrStrange can tell exactly what happend at that time. 

2015-03-09 12:00:50 Received 25.10118858BTC   From   r5ymZSvtdNgbKVc8ay1Jhmq5f9QgnvEtj     SnapSwap-btc-hot
2015-03-09 10:47:00   Sent   25.176718741BTC   To     rUkMKjQitpgAM5WTGk79xpjT38DEJY283d   PaxMoneta
2015-03-09 10:30:50 Received 0.9969BTC From    r5ymZSvtdNgbKVc8ay1Jhmq5f9QgnvEtj SnapSwap-btc-hot
2015-03-09 09:34:40  Sent  1BTC To  rUkMKjQitpgAM5WTGk79xpjT38DEJY283d
2015-03-05 14:09:30 Received 7.4149e-7BTC From rwXtqkj2ZtBeoRmSchasGkubA7tRmL1YY6
2015-03-05 14:03:40 Received 0.000718BTC From rwXtqkj2ZtBeoRmSchasGkubA7tRmL1YY6
2015-03-05 14:01:30 Received 28.276BTC From rwXtqkj2ZtBeoRmSchasGkubA7tRmL1YY6

It has been long time since 2015 he hold IOU from Snapswap BTC (which is now BTC2Ripple). I think, he deserves to withdraw according to ripple gateway. 

Edited by winthan

Share this post


Link to post
Share on other sites
2 hours ago, winthan said:

 

The SnapSwap is renamed and run by btc2ripple.com. According to whois records, it leads to UAB SKV 3.

Company: UAB SKV3 (Val Kozlovsky)
Address: 11-77 Zemaites Street Vilnius 03118 LT 
Phone: +370.68517498
Email: support@btc2ripple.com
http://rekvizitai.vz.lt/en/company/uab_skv3/valentin_kozlovskij_generalinis_direktorius/

By the look of his Ripple address (r4RQjDVX5XTA5TjkHPbTWNNtbURUaVpnNP), I think, he received BTC from rwXtqkj2ZtBeoRmSchasGkubA7tRmL1YY6, and late transfered with paxmoneta.com and transfered for Snapswap BTC.
 @DrStrange can tell exactly what happend at that time. 

2015-03-09 12:00:50 Received 25.10118858BTC   From   r5ymZSvtdNgbKVc8ay1Jhmq5f9QgnvEtj     SnapSwap-btc-hot
2015-03-09 10:47:00   Sent   25.176718741BTC   To     rUkMKjQitpgAM5WTGk79xpjT38DEJY283d   PaxMoneta
2015-03-09 10:30:50 Received 0.9969BTC From    r5ymZSvtdNgbKVc8ay1Jhmq5f9QgnvEtj SnapSwap-btc-hot
2015-03-09 09:34:40  Sent  1BTC To  rUkMKjQitpgAM5WTGk79xpjT38DEJY283d
2015-03-05 14:09:30 Received 7.4149e-7BTC From rwXtqkj2ZtBeoRmSchasGkubA7tRmL1YY6
2015-03-05 14:03:40 Received 0.000718BTC From rwXtqkj2ZtBeoRmSchasGkubA7tRmL1YY6
2015-03-05 14:01:30 Received 28.276BTC From rwXtqkj2ZtBeoRmSchasGkubA7tRmL1YY6

It has been long time since 2015 he hold IOU from Snapswap BTC (which is now BTC2Ripple). I think, he deserves to withdraw according to ripple gateway. 

Will let you know what happened at that time.

1. Received 28 BTC.PaxMoneta from family member’s wallet
2015-03-05 15:01:30 Received 28.276 BTC From rwXtqkj2ZtBeoRmSchasGkubA7tRmL1YY6 
2015-03-05 15:03:40 Received 0.000718 BTC From rwXtqkj2ZtBeoRmSchasGkubA7tRmL1YY6 
2015-03-05 15:09:30 Received 7.4149e-7 BTC From rwXtqkj2ZtBeoRmSchasGkubA7tRmL1YY6 

2. Trading BTC.PaxMoneta/XRP
2015-03-08 21:42:40 Sell 1.6 BTC For 41280 XRP @ 25800
2015-03-08 21:45:10 Sell 0.5 BTC For 12750 XRP @ 25500

3. Withdrawal 26 BTC from PaxMoneta
2015-03-09 10:34:40    Sent 1 BTC To rUkMKjQitpgAM5WTGk79xpjT38DEJY283d
2015-03-09 11:47:00 Sent 25.176718741 BTC To rUkMKjQitpgAM5WTGk79xpjT38DEJY283d 

4. Deposit 26 BTC with SnapSwap
2015-03-09 11:30:50 Received 0.9969 BTC From r5ymZSvtdNgbKVc8ay1Jhmq5f9QgnvEtj 
2015-03-09 13:00:50 Received 25.10118858 BTC From r5ymZSvtdNgbKVc8ay1Jhmq5f9QgnvEtj 

5. Sold all the BTC.SnapSwap buying XRP 
2015-03-09 13:44:20 Sell 10 BTC For 261172.82241 XRP @ 26117.282241
2015-03-09 13:46:00 Sell 16.103 BTC For 418875.4099 XRP @ 26012.25919996

6. Received 3,000,000 XRP from another own wallets
2015-03-09 17:38:20 Received 999980 XRP From rUGJwXEBN2KVzgaiaTvnLMsMXYdVNbfe1V 
2015-03-09 17:40:30 Received 999980 XRP From rpL7YoqUsWDi4Rk63FZ4z3S981oSbwqKwT 
2015-03-09 17:42:30 Received 999980 XRP From rMSgGUnVr3ALuRmheWQSoE6KtMfcNBQfHV 

7. Bought 128 BTC.SnapSwap selling all the XRP
2015-03-10 07:20:30 Sell 434985 XRP For 15 BTC @ 0.00003448
2015-03-10 07:21:30 Sell 883320 XRP For 30 BTC @ 0.00003396
2015-03-10 07:23:00 Sell 2432803 XRP For 83 BTC @ 0.00003422

8. Trading BTC.SnapSwap/XRP (19 March ~ 29 June)
2015-03-19 09:14:20 Sell 55 BTC For 1347500 XRP @ 24500
2015-03-19 09:15:20 Sell 80 BTC For 1848898.74984 XRP @ 23111.234373
2015-03-19 16:34:30 Sell 1341000 XRP For 50 BTC @ 0.00003729
~
~
~
2015-06-29 15:04:20    Sell 5.85962 BTC For 121705.00766 XRP @ 20770.11950587
2015-06-29 15:04:50    Sell 15 BTC For 308265.015 XRP @ 20551.001

9. Withdrawal 15,000,000 KRW From PaxMoneta remaining 35 BTC.SnapSwap and 10,598 XRP 
2015-06-29 15:07:40 Sent 15000000 KRW To rUkMKjQitpgAM5WTGk79xpjT38DEJY283d 
C0BEF588B93416EAA6A48C92CC9C32E13874C6540F0AE3476DC87479F5162EA6
{
      "amount_change": "-1204464.769468",
      "final_balance": "10598.234543",
      "node_index": 79,
      "tx_index": 9,
      "change_type": "payment_source",
      "client_type": "rt1.0.10-1-72-g2180038-dirty    If you are using Internet Explorer, you may see SSL Certificate Warn",
      "currency": "XRP",
      "executed_time": "2015-06-29T06:07:40Z",
      "ledger_index": 14327540,
      "tx_hash": "C0BEF588B93416EAA6A48C92CC9C32E13874C6540F0AE3476DC87479F5162EA6"
}
C0BEF588B93416EAA6A48C92CC9C32E13874C6540F0AE3476DC87479F5162EA6
{
      "amount_change": "-0.5886806590263234",
      "final_balance": "35.4243288941341",
      "node_index": 5,
      "tx_index": 24,
      "change_type": "exchange",
      "counterparty": "rMwjYedjc7qqtKYVLiAccJSmCwih4LnE2q",
      "currency": "BTC",
      "executed_time": "2015-06-29T06:05:00Z",
      "ledger_index": 14327502,
      "tx_hash": " C0BEF588B93416EAA6A48C92CC9C32E13874C6540F0AE3476DC87479F5162EA6"
}
10. Changed to long-term investment because believed in the future of cryptocurrency, 1 year later on 2016.11.3 looked into the account again  and realized that SnapSwap and btc2ripple.com had stopped service.

11. Sold 10 BTC.SnapSwap accidently via order book remaining 25 BTC.SnapSwap. 
2016-12-01 15:42:10    Sent 0.89 BTC To rchGBxcD1A1C2tdxF6papQYZ8kjRKMYcL
2016-12-01 16:27:11    Sent 0.17 BTC To rchGBxcD1A1C2tdxF6papQYZ8kjRKMYcL    
2016-12-01 16:32:52    Sent 9.28 BTC To rchGBxcD1A1C2tdxF6papQYZ8kjRKMYcL    

You can find out details here - https://data.ripple.com/v2/accounts/r4RQjDVX5XTA5TjkHPbTWNNtbURUaVpnNP/balance_changes?limit=1000&descending=true

* I can prove full chain of transactions by documents including source of funds.

 

Edited by DrStrange

winthan likes this

Share this post


Link to post
Share on other sites
18 minutes ago, DrStrange said:

SnapSwap and btc2ripple.com had stopped service.

 

 

 

BTC2Ripple is still operating technically, that's why they are responding to us when we request for the withdraw.  I think, they are BSing to anyone who is trying to withdraw BTCs from there .  

Share this post


Link to post
Share on other sites
19 minutes ago, DrStrange said:

Will let you know what happened at that time.

....

* I can prove full chain of transactions by documents including source of funds.

 
1

 

All this is irrelevant IMHO.

Who promised you to give you back your BTC? SnapSwap EU, SnapSwap US or Val Kozlovsky? With whom do you have an agreement?

 

Edited by T8493

Share this post


Link to post
Share on other sites
19 minutes ago, T8493 said:

 

All this is irrelevant IMHO.

Who promised you to give you back your BTC? SnapSwap EU, SnapSwap US or Val Kozlovsky? With whom do you have an agreement?

 

 
 
 

I think, all information is his proof that he didn't create a recent new account and buy BTC from BTC2Ripple with very low rates, and he didn't ask to withdraw to take advantages from that gateway.  

Secondly, Whoever operates that addresses and run the business should take responsive to withdraw. And Val Kozlovsky runs that business (BTC2Ripple). And site ToC said - https://btc2ripple.com/#/terms/of/service 
 

Quote

 

Service btc2ripple allows you to deposit bitcoins to an address on the Ripple network from a bitcoin address and to withdraw bitcoins from an address on the Ripple network to a bitcoin address. Bitcoins deposited with btc2ripple are held on a pooled bitcoin address. Bitcoin IUOs delivered to your Ripple address are issued by a third party. Service btc2ripple does not guaranty any exchange rate or liquidity for bitcoin IOUs in the Ripple network.

 

 

 

 
 

So, the hold bitcoins in pooled bitcoin address, and you can ask to withdraw bitcoins from ripple network to a bitcoin address.   

Edited by winthan

Share this post


Link to post
Share on other sites
1 minute ago, winthan said:

So, the hold bitcoins in pooled bitcoin address, and you can ask to withdraw bitcoins from ripple network to a bitcoin address.   

 

Who holds bitcoins in a pooled bitcoin address? SnapSwap or Val Kozlevsky?

 

 

Share this post


Link to post
Share on other sites
2 minutes ago, T8493 said:

 

This is irrelevant IMHO.

Who promised you to give you back your BTC? SnapSwap EU, SnapSwap US or Val Kozlovsky? With whom do you have an agreement?

 

The BTC IOU was issued in the name of SnapSwap(BTC.SnapSwap) and technically processed by btc2ripple.com. I remember only USA citizens could use SnapSwap.us and people who had another country's passport could use only SnapSwap.eu. So I believe that SnapSwap.eu was responsible at that time.

But now it seems that Val Kozlovsky has to give me back the BTC. According to the emails I received from support@btc2ripple.com, they said that they could not allow withdrawal because of nationality, so at the moment btc2ripple.com is legally responsible for withdrawal, I reckon.

Share this post


Link to post
Share on other sites
3 minutes ago, T8493 said:

Who holds bitcoins in a pooled bitcoin address? SnapSwap or Val Kozlevsky?

 

 

 

This is the address "r5ymZSvtdNgbKVc8ay1Jhmq5f9QgnvEtj what OP sent to (SnapSwapBTC Hot) - and SnapSwap address is - https://ripplefox.com/tool/info#rMwjYedjc7qqtKYVLiAccJSmCwih4LnE2q. So, I am sure that Val Kozlevsky runs the SnapSwap (btc2ripple.com). 

Share this post


Link to post
Share on other sites
6 minutes ago, DrStrange said:

So I believe that SnapSwap.eu was responsible at that time.

 

So go after SnapSwap.eu because it looks like you have an agreement with them.

 

Share this post


Link to post
Share on other sites
3 minutes ago, winthan said:

So, I am sure that Val Kozlevsky runs the SnapSwap (btc2ripple.com). 

1

Even if he technically runs btc2ripple.com that doesn't mean he is an entity that should fulfill the obligation.

 

 

Share this post


Link to post
Share on other sites
4 minutes ago, T8493 said:

So go after SnapSwap.eu because it looks like you have an agreement with them.

 

 

I think, this is what he will get if he goes after SnapSwap.EU. 

Screen Shot 2017-01-11 at 11.44.08 PM.png

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!


Register a new account

Sign in

Already have an account? Sign in here.


Sign In Now