Greece has suspended the extradition of accused Bitcoin BTC laundering mastermind Alexander Vinnik pending an enchantment, Reuters reports.

The nation’s justice minister made the original decision to ship Vinnik to France on Friday. This reportedly led Vinnik to a second starvation strike, along with his first lasting for 88 days starting in November 2018.

Authorities declare Vinnik, a Russian citizen, operated seminal cryptocurrency alternate BTC-e. They keep the agency served as a $four billion Bitcoin laundering ring.

BTC-e is alleged to have facilitated a number of crimes moreover cash laundering, together with drug trafficking and laptop hacking.

Vinnik has denied the costs, claiming that he was merely a technical guide for the alternate fairly than its operator. His lawyer remarked that the extradition ruling was “unfair” and represented a “demise sentence.”

Moscow has beforehand requested that Greece’s authorities return Vinnik to Russia to face lesser fraud costs amounting to 10,000 ($16,000).

Whereas Vinnik agreed to that, Greece’s determination to droop extradition reportedly talked about that he must be moved to america after France, and solely then would he be moved to Russia.

BTC-e allegedly laundered Bitcoin ‘stolen’ from Mt. Gox

BTC-e was formed in 2011, and at one level was reported to have been processing roughly 5 p.c of Bitcoin‘s complete buying and selling quantity.

Extra analysis finally revealed that round 95 p.c of ransomware-related funds from around the globe flowed by way of the platform.

In 2017, the US Division of Justice claimed that BTC-e (and Vinnik) laundered Bitcoin “stolen” from the now-defunct cryptocurrency alternate Mt. Gox.

An indictment alleged that quite a few withdrawals from BTC-e admin accounts went straight to Vinnik’s private financial institution accounts. As properly, proceeds from well-known hacks and alternate thefts had been mentioned to have been processed by a BTC-e admin account tied to Vinnik.

“BTC-e was famous for its function in quite a few ransomware and different cyber-criminal exercise; its take-down is a major accomplishment, and may function a reminder of our world attain in combating transnational cyber crime,” mentioned police on the time.

Authorities later seized BTC-e’s area, fined it $110 million, and handed Vinnik a $12 million penalty.

A date for Greece to rule on Vinnik’s enchantment is but to be set.

Revealed December 24, 2019 — 07:23 UTC



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