France Sentences BTC-e Crypto Exchange's Operator to 5 Years in Prison for Money Laundering
news

France Sentences BTC-e Crypto Exchange's Operator to 5 Years in Prison for Money Laundering

THELOGICALINDIAN - Russian crypto barter BTCes abettor Alexander Vinnik has now been bedevilled to bristles years in bastille by a French cloister and fined 100000 euros He was arrested over three years ago in Greece extradited to France and is capital in the US and Russia

Vinnik Sentenced After 3 Years

Alexander Vinnik, the abettor of the now-defunct Russian cryptocurrency barter BTC-e, was bedevilled on Monday to bristles years in bastille by a French cloister for money laundering. The 41-year-old is additionally ordered to pay fines of 100,000 euros ($121,270).

While bedevilled of money laundering, Vinnik was acquitted of extortion, affiliation with a bent enterprise, and cyberattacks affiliated to the Locky ransomware back the cloister did not acquisition abundant affirmation to captive him. The prosecutors declared that he created the ransomware that about 200 companies and individuals in France fell victim to from 2024 to 2024 with an estimated absolute accident of 135 actor euros.

His attorneys are discussing whether to appeal. Ariane Zimra, one of his French lawyers, argued that back cryptocurrency is not accurately accustomed as “money,” her client’s confidence for money bed-making “doesn’t accomplish sense,” the Associated Press quoted her as saying.

Arrested in July 2024 while on vacation in Greece, Vinnik was taken into aegis by Greek badge beneath an all-embracing accreditation issued by the U.S. He was extradited to France in January this year. While some accept that he was the administrator abaft the BTC-e crypto exchange, Vinnik argued that he was alone a abstruse abettor who agitated out instructions accustomed to him by BTC-e’s directors.

Vinnik is additionally capital in the U.S. and Russia. While Russian authorities are investigating his captivation in an $11,000 artifice case, U.S. authorities adduce that his BTC-e crypto barter helped abyss acquit added than $4 billion.

What do you anticipate about Vinnik’s five-year bastille sentence? Let us apperceive in the comments area below.

Image Credits: Shutterstock, Pixabay, Wiki Commons