The Russian nationwide who’s going through crypto-related expenses within the Northern District Court docket of California is reportedly being extradited from Greece to the US.
Alexander Vinnik is called the operator of BTC-e, a multibillion-dollar cryptocurrency alternate with alleged ties to legal organizations.
Vinnik is accused of laundering funds from the notorious hack of the now-defunct digital asset alternate Mt. Gox by numerous exchanges, together with BTC-e.
Vinnik was arrested in Greece in 2017 and extradited to France, the place he was sentenced to 5 years in jail for cash laundering. America and Russia each filed extradition requests from Greece, however the US is getting custody of Vinnik primarily based on latest developments.
Citing Frédéric Bélot, Vinnik’s lawyer in France, CNN reviews that the accused is already onboard a airplane from Athens, Greece to the US as of Thursday afternoon and may have an preliminary courtroom look within the Northern District of California.
Vinnik additionally co-founded BTC-e’s successor Wex, which reportedly handed $450 million price of traders’ crypto belongings to Russia’s intelligence company, the Federal Safety Service (FSB).
Says then chief of Inside Income Service’s Felony Investigation (CI) Division Don Fort when Vinnik and BTC-e had been indicted in 2017,
“Mr. Vinnik is alleged to have dedicated and facilitated a variety of crimes that go far past the shortage of regulation of the Bitcoin alternate he operated. By means of his actions, it’s alleged that he stole identities, facilitated drug trafficking, and helped to launder legal proceeds from syndicates world wide.”
Exchanges like this will not be solely unlawful, however they’re a breeding floor for stolen identification refund fraud schemes and different forms of tax fraud. When there isn’t any regulation and criminals are left unchecked, this state of affairs is all too frequent. The takedown of this massive digital forex alternate ought to ship a powerful message to cyber-criminals and different unregulated exchanges throughout the globe.”
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