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US nabs Russian Bitcoin ‘mastermind’


Russian Alexander Vinnik (C) is escorted by police officers as he arrives at a courthouse in Thessaloniki on July 26, 2017. Greek police said that they had arrested a 38-year-old Russian sought by US authorities for allegedly helping criminals launder billions of dollars using Bitcoin. Picture: AFP

A US jury has indicted a Russian man as the operator of a digital currency exchange he allegedly used to launder more than $US4 billion ($AU5 billion) for people involved in crimes ranging from computer hacking to drug trafficking.

Alexander Vinnik was arrested in a small beachside village in northern Greece on Tuesday, according to local authorities, following an investigation led by the US Justice Department along with several other federal agencies and task forces.

US officials described Vinnik in a Justice Department statement as the operator of BTC-e, an exchange used to trade the digital currency bitcoin since 2011.

They alleged Vinnik and his firm “received” more than $US4 billion…

Read the full article at: http://cdn.newsapi.com.au/link/8730bece5a83dba4bcc9c814a3ac6969?domain=newscorpaustralia.com

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