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Beautyplus is another beauty app from you, by You. Government is investigating one of the largest bitcoin exchanges, BTC-e, to see if it has been selling stolen money or other illegal goods. The Financial Crimes Enforcement Network, or FinCEN, recently released a letter to the Tokyo-based exchange, informing it that the agency will be seeking information about its activity from other exchanges within a week. If the company decides to close down, the agency said it has several options. It could seek to freeze the companys assets, seize the companys assets or require a court to do so, finCEN added. BTC-e was the site of a theft in 2013 in which the companys website was hacked, the personal information of many customers was exposed and bitcoins were stolen. The company said at the time that it had failed to address security flaws in the system at the time of the hack and did not take appropriate action to protect customers information. The exchange was later shut down and several people were arrested. In November 2013, FinCEN announced a crackdown on several large exchanges in the U. That had allegedly been allowing criminals to sell and buy drugs and other illegal goods and services on their platforms. One of the exchanges, Liberty Reserve, was shut down and later seized by the U. Government and authorities in New York arrested alleged founder Robert Faiella in December 2013 on charges of money laundering, computer hacking, and operating an unlicensed money transmitting business. Bitcoin is a virtual currency that is not regulated by any entity and has no central bank or governing body in charge of it, unlike the government-backed currency in the U. BTC-e did not respond to a request for comment by deadline. The FinCEN probe comes soon after Mt. Gox, the worlds largest bitcoin exchange, filed for bankruptcy protection in Japan and had its assets frozen. Gox, however, had also faced a U.

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