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  • Writer's pictureMichael Paulyn

Notorious Russian National, Known for Money Laundering using Crypto, is Extradited to the U.S.

The Russian national in question, Alexander Vinnik, is accused of using BTC to launder money. Vinnik has been extradited to the United States to face fraud and money laundering charges.

The Assistant Attorney General, Kenneth A. Polite Jr., states that “after more than five years of litigation, Russian national Alexander Vinnik was extradited to the United States yesterday to be held accountable for operating BTC-e, a criminal cryptocurrency exchange, which laundered more than $4 billion of criminal proceeds.”

Polite points out that “this extradition demonstrates the Department’s commitment to investigating and dismantling illicit cyber activity and would not have been possible without the relentless work of the Justice Department’s Office of International Affairs.”

In 2017, Vinnik was custody in Greece thanks to a request from the United States government. Vinnik and his co-conspirators conducted an online money laundering and cybersecurity infrastructure, which allowed users to trade BTC for cash.

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