BTC-e Operator Vinnik Sentenced to 5 Years in Prison on Money Laundering Charges

Russian crypto exchange BTC-e’s operator Alexander Vinnik has now been sentenced to five years in prison by a French court and fined 100,000 euros. He was arrested over three years ago in Greece, extradited to France, and is wanted in the U.S. and Russia. Vinnik Sentenced After 3+ Years Alexander Vinnik, the operator of the now-defunct Russian cryptocurrency exchange BTC-e, was sentenced on Monday to five years in prison by a French court for money laundering. The 41-year-old is also ordered to pay fines of 100,000 euros ($121,270). While convicted of money laundering, Vinnik was....

Years after his initial arrest, Vinnik has finally been sentenced. After years of extradition debates, Bitcoin (BTC) launderer Alexander Vinnik has finally been sentenced by a French court.According to a Dec. 7 report by Novaya Gazeta, Vinnik has been sentenced to five years in prison for "money laundering as part of an organized criminal group and providing false information about the origin of the proceeds" in addition to a fine of 100,000 euro ($121,000).According to the BBC, the court partially dropped charges related to the ransomware known as Locky. At publishing time, online reports....

Vinnik’s lawyers fear Greek authorities will want him to face additional charges after the sentence. A court of appeals in Paris has upheld the five-year prison term in the case against BTC-e operator Alexander Vinnik.The court upheld a December 2020 verdict and prison sentence, finding that Vinnik/BTC-e had committed money laundering as part of an organized criminal group, and provided false information about the origin of the proceeds. The Parisian court dismissed several requests from Vinnik's defense team, including asking to examine copies of the evidence provided by the FBI. The....

Having served two years in prison in France, accused BTC-e mastermind Alexander Vinnik has now been extradited to the U.S. to face multiple charges in California. Accused Bitcoin- (BTC)-e operator Alexander Vinnik has reportedly been extradited to America to face up to multiple charges relating to money laundering while working at the now-defunct cryptocurrency exchange.Vinnik has been embroiled in legal battles over the past five years for his alleged role as the mastermind of BTC-e. The cryptocurrency exchange is said to have profited from various illicit activities that used the....

Alexander Vinnik, the alleged owner and operator of the infamous cryptocurrency exchange BTC-e, has been found not eligible for release on bail in the United States, where he was recently transferred from Greece. The Russian, accused of large-scale money laundering through the now-defunct trading platform, and other crimes, rejects U.S. charges. Alexander Vinnik Remains in California Prison, Russian Embassy Offers Help Authorities in the United States have effectively denied release on bail for the IT specialist Alexander Vinnik, Russian media reported, quoting his record on the....