A massive blow strikes the long established cryptocurrency exchange BTC-e as Alexander Vinnik a Russian man with control over administrative functions at the exchange was tied back to money laundering for the original Mt. Gox hack in 2014. Vinnik is lead to court in Greece today above.
The indictment describes Alexander Vinnik, 37, a Russian citizen, as the owner and operator of multiple BTC-e accounts, including administrator accounts, and also a primary beneficial owner of BTC-e’s managing shell company, Canton Business Corporation.
It's clear Vinnik had an important role at the exhange.
“BTC-e was noted for its role in numerous ransomware and other cyber-criminal activity; its take-down is a significant accomplishment, and should serve as a reminder of our global reach in combating transnational cyber crime,” said Special Agent in Charge of the USSS Criminal Investigative Division Michael D’Ambrosio.
BTC-e has been assessed a fine of $110 million by FinCEN, which in light of extreme circumstances, effecively closes their doors.
Vinnik himself faces a fine of $12 million and 55 years in prison.
This is additional information about a story that is already developing my page. Check it out if you're interested in what is happening!
You can see the full law enforcement report here.
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