France Demanded to Extradite Russian Vinnik

As reported, law enforcement agencies of France declared Alexander Vinnik on the wanted list for money laundering
28 June 2018   501

France demanded Alexander Vinnik, a Russian citizen under arrest in a Greek prison, to be extradited to it. This is reported by RIA News.

Greece has received a request from France to Vinnik. The request of France confirms the version of protection regarding the value of Alexander Vinnik as a specialist and a person who possesses valuable information in the field of the cryptoindustry. I do not rule out that any other countries will join this case, as I expected a year ago.

Timofey Musatov

Lawyer of Alexander Vinnik

According to information available to Musatov, law enforcement agencies of France declared Alexander Vinnik on the wanted list for money laundering. The request for extradition is sent as "urgent".

The detention of Vinnik in Greece at the request of the US authorities occurred on July 25, 2017. Then he was accused of laundering up to $ 4 billion through the BTC-e crypto exchange. 

Earlier in June, Alexander Vinnik was arrested in absentia in Russia on charges of cyber-fraud in a particularly large amount.

Binance to Froze WEX Related Accounts

Measures were taken in response to requests from WEX users, who have not been able to withdraw their funds
31 October 2018   228

Binance froze the accounts, which received 93k ETH from the wallets associated with the well-known WEX trading platform. It is reported by CoinDesk.

The accounts were frozen on October 25, but this became known only a few days later from a tweet from the head of Binance Changpen Zhao.

the identified accounts are frozen, please report to law enforcement and have a case number. We will work with LE. This is part of centralization we hate too, dealing with other exchange's mess (we don't even know the details). But we will do what we can.

Changpen Zhao at Twitter

Head, Binance

Shortly before this, Twitter-user John James wrote that funds from WEX cold wallets come to Binance, which means that the latter contributes to the laundering of money stolen from users.

Measures were taken in response to requests from WEX users, who have not been able to withdraw their funds for a long time. They managed to track the movement of funds in the Ethereum blockchain and came to the conclusion that the 25 transactions that arrived at Binance from August to October were sent from WEX-related wallets.

Users were concerned that WEX (the successor of the infamous BTC-e)does not offer the possibility of withdrawing funds since July 2018. In October, Russian users turned to law enforcement for help.

According to CoinDesk, “hundreds of WEX users” cannot get their money back, judging by the number of participants in the corresponding Telegram-chats. At the same time, funds at risk are estimated at least $ 18 million.

According to WEX users who applied to Binance, the first transaction at 485 705 ETH was performed on July 29 last year. According to Etherscan, it was produced from a previously owned BTC-e address. From September 2017 through January 2018, another 480,000 ETH were sent via 32 transactions to another WEX wallet, as well as other addresses. After that, funds from one of these addresses gradually entered the wallet of the Binance exchange.

WEX Funds
WEX Funds

Binance spokesperson said that her company always investigates user complaints and suspends access to accounts seen in suspicious activity.

In September last year, the infamous BTC-e exchange restarted on the domain In April, it became known that WEX paid off 20% of the total amount of debt obligations of the BTC-e platform.

After some time, cryptocurrencies on WEX began to trade at a price much higher than average. However, anxiety among users has increased even more when it became known that the ex-militant of "DPR" Dmitry Khavchenko was going to buy the exchange.