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Alexander Vinnik: Latest News

All news where Alexander Vinnik is mentioned

07.12.2020 / 18:38

Russian sentenced to French prison for bitcoin laundering

PARIS – A Russian bitcoin expert at the center of a multi-country legal tussle was sentenced in Paris on Monday to five years in prison for money laundering and ordered to pay 100,000 in fines in a case of suspected cryptocurrency fraud.A court acquitted Alexander Vinnik of charges of extortion and association with a criminal enterprise, according to his lawyers. Vinnik denies wrongdoing, and his lawyers are discussing whether to appeal.Vinnik, 41, is also wanted in the United States and Russia.

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Trial of Russian charged in bitcoin fraud begins in Paris

PARIS – The trial of a Russian man alleged to have used ransomware in a 135 million euros ($157 million) bitcoin fraud will begin Monday.Alexander Vinnik, who is also wanted in the United States and in Russia, faces up to ten years in prison at his Paris trial over charges of extortion, money laundering and criminal association.French prosecutors say Vinnik was one of the creators of malware called “Locky” which was delivered through email. If downloaded, the recipient's data was encrypted and they were asked to pay a ransom in bitcoin to free it.

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