Blackmail and Bitcoin money laundering: Vinnik trial begins in Paris

Vinnik must now stand trial for the $ 4 billion BTC stolen from the Mt. Gox exchange.

The trial of Alexander Vinnik for alleged Bitcoin ( BTC ) laundering worth $ 4 billion began on Monday in Paris

However, despite alleged links to the hack attack on Mt. Gox that stole 300,000 BTC in 2014, prosecutors are focused on a $ 135 million ransomware scam. This was aimed at French companies and organizations between 2016 and 2018.

According to The Associated Press Vinnik is for extortion, money laundering and criminal association charged . 20 victims of the „Locky“ malware have paid a ransom in Bitcoin Trend App via BTC-e.

Vinnik is said to have been one of the authors of the malware and the former operator of the now offline cryptocurrency exchange. He claimed, however, that he was only a technical advisor at BTC-e and had no knowledge of any wrongdoing.

If Vinnik is found guilty, he faces up to 10 years in prison

As reported by Cointelegraph, Vinnik was arrested in Greece in 2017 at the behest of the US authorities.

A legal tug-of-war followed, in which prosecutors from France, the USA and Russia requested his extradition. Vinnik himself wanted to be extradited to Russia, where he could face lesser sentences.

At the beginning of the year, the Greek authorities decided that he should be extradited first to France, then to the US and finally to Russia.

After his extradition to France, the Russian authorities unsuccessfully requested that he be returned to his home country under house arrest .

Should it come to trial in the United States, he will likely face the $ 4 billion hack attack on Mt. Gox. The 300,000 BTC that were stolen in the hack attack were reportedly laundered via BTC-e and Vinnik’s personal wallets.

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