Authorities of French have charged the former operator of now-shuttered crypto exchange BTC-e accused of bitcoin laundering, Alexander Vinnik.
On Jan. 28 Bloomberg reported that Vinnik’s lawyers said he will remain in France to face his charges following his recent extradition from Greece. According to an unspecified official at the prosecutor’s office, Vinnik was charged with extortion, aggravated money laundering, conspiracy and harming automatic data-processing systems.
One of his lawyers said that after his trial in France has run its course, authorities are expected to send him back to Greece so he can be extradited to the United States. After the U.S. prosecution is over, he would be finally sent to Russia. The French investigation is ongoing and no trial has been ordered.
Ariane Zimra, a French lawyer for Vinnik said:
“There is no causal link between what Alexander Vinnik is being accused of and Alexander Vinnik.”
Zoi Konstantopoulou, one of his lawyers, suggested that he is being persecuted because he is seen as a threat to the banking system:
“Alexander’s crime is to be Russian and a person with extraordinary technological knowledge that could liberate people economically. […] The Greek Minister of Justice has in essence decided that this person is going to spend his life being extradited, judged and then re-extradited, re-judged and yet again re-extradited and re-judged.”
Vinnik is believed to be involved in the hack of Bitcoin exchange Mt. Gox since the 300,000 BTC stolen there were allegedly not only laundered through BTC-e but were also on his personal wallet. Based on these claims, Mt. Gox trustee contacted the U.S. Department of Justice and requested information about him. The matter of Vinnik’s extradition is a major diplomatic ordeal with multiple countries trying to obtain his extradition.