Greek Court Approves Extradition of Suspected BTC-e Operator to France

A Greek court supported France’s extradition request for Alexander Vinnik, an alleged Russian hacker accused of laundering $4 billion of criminal proceeds through BTC-e.

According to Russian state news agency TASS, Vinnik's lawyers are appealing to the Greek Supreme Court, claiming that there are insufficient indications, let alone evidence against Vinnik, who was arrested while vacationing in northern Greece last year.

Moscow has also submitted an extradition request for Vinnik, who denies his country’s accusations of fraud but has consented to its extradition request. A date has yet to be set for the formal hearing of this extradition.

Last year, a Greek court ruled in favor of extraditing Alexander Vinnik, 39, the alleged former operator of BTC-e, to the United States. In July, Vinnik was arrested near the northern city of Thessaloniki on a US warrant, where authorities want him on several charges of fraud, including laundering stolen funds from the hack of the defunct bitcoin exchange MtGox.

“We believe that this verdict is unjust and violates the basic provisions of international law,” Russia’s foreign ministry said at the time.

French authorities indicted Alexander Vinnik following an investigation that described him as the operator of BTC-e Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, which was allegedly used to launder more than 130 million euros for people involved in crimes ranging from computer hacking to drug trafficking.

US authorities also said that he was the brain behind the collapse of Japan-based Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term exchange MtGox, after which he laundered the stolen monies through BTC-e and another San Francisco-based exchange called Tradehill.

Vinnik’s arrest coincided with a series of US-initiated operations against Russian hackers after officials claimed that Russia interfered in the US presidential election to help Donald Trump takes office, something Moscow denies.