Detained Russian controlled Bitcoin exchange

Alexandr Vinnik, 38 years old Russian citizen, arrested due to suspected money laundering
27 July 2017   3045
Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks.

A Russian citizen who was detained in Greece on suspicion of money laundering with the help of bitcoins, was connected with the bitcoins exchange BTC-E. This is reported by Greek news portal Daily Thess.

Alexandr Vinnik arrested
Alexandr Vinnik arrested
Alexandr Vinnik arrested

According to above mentioned Daily Thess, Vinnik rested in one of the most expensive hotels in the Chalkidiki region, without even suspecting that he had been closely followed by the FBI and the Greek police for several months.

On July 25, as a result of the special operation, Alexander Vinnik was arrested, and today he was handcuffed to the Prosecutor's Office of Thessaloniki, where the procedure of his extradition to the United States was launched.

According to US law enforcement agencies, Vinnik is one of the leading members of a criminal organization that has cleared more than $ 4 billion through the BTC-e crypto exchange since 2011. It is noteworthy that Alexander Vinnik was tracked through an account in the WebMoney payment system.

The documents of the US Justice Department, sent to the Greek authorities, also state that the criminal organization was related to the part of the funds that disappeared after the bankruptcy of the Bitcoin Exchange Mt. Gox. As a result of the alleged hacking of Mt. Gox in 2014, about 850,000 BTC were abducted, and according to law enforcement agencies, 306,853 BTC of them were transferred to wallets associated with BTC-e.

The BTC-e exchange itself is called one of the world's largest electronic platforms for money laundering, obtained by criminal means. According to the US Justice Department, funds received as a result of cyberattacks and extortion, drug trafficking and tax evasion were laundered at the BTC-e.

Bitcoin

Is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen

As informs Bits.media, the portal managed to receive the information that Alexander Vinnik is one of the owners and administrators of BTC-e. This information was shared by the administrator of the qugla.com service.

BTCE is unavailable from 25th of July. The official reason is “maintenance”.

Coinbase to Expand Services for Asia

Among the services available now there are Coinbase Prime, Pro and Custody
22 January 2019   119

Coinbase, the leading US cryptocurrency company reported that from now on its professional trading and custodial platforms are available to institutional clients and investors with large volumes from the Asian region.

In particular, according to the Coinbase blog, users of Asia will have access to the option of depositing accounts and withdrawing funds using SWIFT transfers through non-US bank accounts.

In the past 12 months, hundreds of crypto-first hedge funds have launched around the world, and many hundreds more traditional institutions such as proprietary trading firms, family offices and endowments have begun actively trading digital assets. Coinbase’s suite of professional products — Coinbase Prime and Pro, Coinbase Custody — serves these customers, along with other participants in the market, like asset issuers, crypto exchanges, and miners.
 

Elliott Suthers

Coinbase

Among the services available there are Coinbase Prime, Coinbase Pro and Coinbase Custody, which also supports the steamer USDC.

In December 2018, Coinbase began to provide services to residents of the islands of Guernsey and Maine, as well as Lithuania, Iceland, Andorra and Gibraltar.