Greek top court clears way for Vinnik U.S. extradition

The final decision on extradition request should be taken by the Minister of Justice of Greece
13 December 2017   910

The Top Court of Greece has decided to extradite Russian citizen Alexander Vinnik to the US, who is suspected of laundering $ 4 billion using crypto-currency, Reuters reports.

At the same time, the request for the extradition of Vinnik was previously sent by the Russian authorities. According to the Russian Prosecutor General's Office, Vinnik, on the pretext of delivering equipment, stole money for more than 600 thousand rubles from an unnamed organization.

The final decision on which extradition request - Russia or the US - will be granted should be taken by the Minister of Justice of Greece.

Recall, Alexander Vinnik was detained by the police of Greece at the request of the US on July 25. He is charged with 21 items, including laundering shadow revenues of $ 4 billion and creating a bitcoin exchange BTC-e for illegal money transactions.

Representatives of BTC-e more than once refuted Vinnik's connection with the exchange, but the suspect himself later stated that he had "fulfilled his duties in the BTC-e".

In early October, the court in Thessaloniki adopted two mutually exclusive decisions. One composition of the council of judges granted the request of the Prosecutor General's Office of the Russian Federation for the extradition of Vinnik, the other decided to extradite a Russian to the United States, where he faces up to 55 years in prison and a multimillion-dollar fine.

In addition, Vinnytsa is being stolen from the Bitcoin Exchange MtGox.

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   488

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 WEX.nz. 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.