Crypto Exchange BTC-e Operator Vinnik Reportedly Denied Bail in US, Maintains Innocence

Crypto Exchange BTC-e Operator Vinnik Reportedly Denied Bail in US, Maintains Innocence

Crypto Exchange BTC-e Operator Vinnik Reportedly Denied Bail in US, Maintains Innocence

Alexander Vinnik, the alleged proprietor and operator of the notorious cryptocurrency trade BTC-e, has been discovered not eligible for launch on bail within the United States, the place he was just lately transferred from Greece. The Russian, accused of large-scale cash laundering via the now-defunct buying and selling platform, and different crimes, rejects U.S. fees.

Alexander Vinnik Remains in California Prison, Russian Embassy Offers Help

Authorities within the United States have successfully denied launch on bail for the IT specialist Alexander Vinnik, Russian media reported, quoting his record on the web site of the Santa Rita Jail in California the place he’s incarcerated. Vinnik has been within the U.S. since his hasty extradition from Greece slightly greater than per week in the past, which angered his worldwide protection crew.

The crypto entrepreneur was arrested on a U.S. warrant in the summertime of 2017, within the Greek metropolis of Thessaloniki the place he arrived on a household trip. Greece first despatched him to France in late 2019, the place he served a five-year sentence for cash laundering. In July, U.S. authorities withdrew a request to get him from France, thus rushing up his switch via Greece, which had already accredited his extradition to the United States.

His attorneys protested in opposition to the choice to shortly hand him over to American authorities, declaring that he had utilized for asylum in Greece after beforehand warning that within the U.S. Vinnik is prone to turn into a “hostage” of the geopolitical conflict surrounding the continued army battle in NATO-supported Ukraine, which was invaded by Russian forces in February.

The info offered by the jail’s on-line inmate locator doesn’t point out whether or not the bail resolution was made on the listening to on Friday, Aug. 5, when Vinnik appeared in a federal court docket in San Francisco, or if the choose has not but thought-about the matter. A standing verify returns the quick message “Cannot be launched on bail (NO BAIL).”

Russian Pleads ‘Not Guilty’ to Crimes Alleged by US Prosecutors

During the primary listening to, Alexander Vinnik declared his innocence and pleaded not responsible, based on a report by the Tass information company, quoting a spokesperson for the court docket. The subsequent listening to has been scheduled for Aug. 15.

According to the indictment, quoted by the U.S. Department of Justice (DOJ) in final week’s announcement of his extradition, BTC-e processed transactions from a variety of crimes, such because the Mt Gox hack, ransomware scams, and drug commerce. The Russian is now going through a number of counts of cash laundering for greater than $4 billion, amongst different fees.

In one other report this week, Tass revealed that the Embassy of the Russian Federation in Washington was nonetheless looking for contact with Vinnik over the telephone. Nadezhda Shumova, who heads the mission’s Consular Department has been quoted as stating that Russian diplomats intend to supply all of the wanted consular and authorized help to their compatriot.

Both Greece and France have ignored extradition requests filed by Russia, the place he’s accused of embezzlement of over 600,000 rubles (lower than $10,000 at present trade charges) and “fraud within the discipline of laptop info” for 750 million rubles ($12 million). Vinnik himself has up to now expressed his will to return to his homeland and face justice there. That appears unlikely, nevertheless. An accusation not talked about by the DOJ is that he collaborated with Russian intelligence.

Do you suppose Alexander Vinnik can be sentenced for cash laundering within the United States? Share your expectations in regards to the trial within the feedback part under.

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