Vinnik’s Prison Sentence Upheld by Court

Last Updated: June 29, 2021

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
Jason

Jason

Hi! I'm the editor at EarthWeb. I have a deep interest in technology and business. I also enjoy testing products out. Contact me to be featured!
Vinnik’s Prison Sentence Upheld by Court
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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.

crypto

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.

Written by Jason

Hi! I’m the editor at EarthWeb. I have a deep interest in technology and business. I also enjoy testing products out. Contact me to be featured!

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