Alexander Vinnik, who was convicted in France on charges related to money laundering, has had his prison term upheld by a court in Paris. He used to operate BTC-e, a cryptocurrency exchange that is now defunct. He is also charged with extortion and ‘harming automatic data-processing systems’.
The Department of Justice in America has called him a mastermind behind one of the world’s first crypto exchanges and has indicted him on various allegations. He was arrested in Greece back in 2017, and since then America, France and Russia have been fighting for his extradition. France ultimately won.
Vinnik managed to evade a $100,000 fine this week, which was exempted by the court. There was concern that he could not come up with the money to pay it.