A Paris judge has officially ordered the trial of alleged BTC-e operator Alexander Vinnik to begin.
- In a report from the Moscow Times on Monday citing AFP, Vinnik's lawyer and others said he will face charges of defrauding more than 100 people in six French cities from 2016 to 2018.
- Vinnik will also face charges of extortion, aggravated money laundering, conspiracy and harming automatic data-processing systems as the head of the now-shuttered crypto exchange BTC-e, an AFP source said.
- Law enforcement agencies moved to halt operations of the exchange in 2017.
- The suspect, who maintains his innocence, had hoped to be extradited to Russia, where he would face less severe fraud charges for the amount of €9,500 ($11,200).
- Vinnik is also facing 21 charges from U.S. authorities ranging from money laundering and identity theft to facilitating drug trafficking.
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.