France has joined Russia and the United States 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.
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.
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 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.
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.
France Wants to Extradite Alleged Bitcoin Money Launderer
Published on Jun 28, 2018
by Coindesk | Published on Coinage
Coinage
Mentioned in this article
Recent News
View All
First Mover: What's Next for Bitcoin as Wall Street Gets Vaccine Booster
Bitcoin was higher for a second day, staying in a range of between roughly $15,200 and $15,600, as news of progress in developing a coronavirus vaccine appeared to touch off a rally in U.S. stocks.
Market Wrap: Bitcoin Fails to Break $15.9K; Over 50K ETH Staked on Eth 2.0 Contract
Bitcoin gained Wednesday while Ethereum 2.0 staking has been ramping up.
Citibank Analyst Says Bitcoin Could Pass $300K by December 2021
A senior analyst at U.S.-based financial giant Citibank has penned a report drawing on similarities between the 1970s gold market and bitcoin.
Blockchain Bites: Data Unions. Hard Forks. And One Citi Analyst's Case for $300K BTC.
A Citibank managing director thinks bitcoin could hit $318,000.