After years of extradition debates, Bitcoin (BTC) launderer Alexander Vinnik has lastly been sentenced by a French court docket.
In line with a Dec. 7 report by Novaya Gazeta, Vinnik has been sentenced to 5 years in jail for “cash laundering as a part of an organized felony group and offering false details about the origin of the proceeds” along with a superb of 100,000 euro ($121,000).
In line with the BBC, the court docket partially dropped expenses associated to the ransomware generally known as Locky. At publishing time, on-line experiences don’t specify whether or not Vinnik’s sentence is expounded to his alleged senior function at now-defunct crypto change BTC-e.
Vinnik beforehand denied his involvement at BTC-e, reportedly claiming that he was simply an worker. He mentioned that his month-to-month wage at BTC-e amounted to 10,000 euro.
As beforehand reported, Vinnik is allegedly the mastermind behind a world money-laundering scheme that had processed over $four billion value of capital flows by means of BTC-e.
Colloquially generally known as “Mr. Bitcoin,” Vinnik was first arrested in Greece in July 2017 for allegedly collaborating within the operations of BTC-e. For the reason that arrest, numerous jurisdictions have sought Vinnik’s extradition, together with the USA and Russia, the place Vinnik is a citizen. Vinnik was extradited to France in 2018 on expenses of fraud and cash laundering.
In June 2020, the New Zealand police reportedly recovered $90 million linked to the case towards Vinnik.