France Wants to Extradite Alleged Bitcoin Money Launderer
France, joined United States and Russia, is seeking the extradition of the alleged bitcoin money launder Alexander Vinnik.
:format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/CQ4RRVEAGZBC5BQRM4O7GWPCEE.jpg)
France has joined Russia and the U.S. in seeking to extradite an accused money launderer connected to the BTC-e cryptocurrency exchange.
As previously reported by CoinDesk, Alexander Vinnik has been at the center of an international dispute ever since he was indicted by U.S. officials. At the time, the US government also slapped BTC-e with an $110 million fine, a move that came hours after reports of Vinnik's arrest first emerged. And despite going offline following the arrest and fine announcements, BTC-e ultimately re-emerged under the name WEX.
Since then, Russia and American officials have wrangled in the Grecian court system in an effort to extradite him to their respective countries. All the while, Vinnik has maintained his innocence, though a court ruled in December that he could be extradited to the US.
According to the Associated Press, France is seeking to intervene as a final determination on Vinnik's future is made. France's government wants to put Vinnik on trial for a string of charges including "cybercrime, money laundering, and membership in a criminal organization and extortion", sources told the news service.
As such, the French request adds a new wrinkle to the dispute, and according to the AP, Vinnik is fighting the new extradition request.
"A legal issue that will require our attention is which (extradition request) will have priority, as they are based on two international arrest warrants and one European arrest warrant," Ilias Spyrliadis, Vinnik's lawyer, was quoted as saying.
Correction: An earlier version of this article incorrectly stated that BTC-e was hit with a $1.11 billion fine.
Image via Shutterstock.
DISCLOSURE
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.