"US Government Plans to Release BTC-e Founder...Exchange with Russian-held American"

Source
JH Kim

Summary

  • The U.S. government announced the release of BTC-e founder Alexander Vinnik as part of negotiations with Russia.
  • Vinnik is associated with the cryptocurrency exchange that was shut down on charges of laundering $4 billion.
  • Vinnik's release plan is reported to be part of a swap negotiation involving an American detained in Russia.

According to Reuters on the 12th (local time), the U.S. government announced plans to release Alexander Vinnik, the founder of the Russian cryptocurrency exchange BTC-e, which was shut down on charges of laundering $4 billion, as part of a swap negotiation with Russia following the release of American Mark Fogel, who was detained in Russia.

Alexander Vinnik was extradited to the U.S. after being arrested in Greece in 2017 and admitted to money laundering charges last May.

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JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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