Vinnik agreed to extradition to Russia

According to Timofey Musatov, lawyer of Alexandr Vinnik, he is agreed to extradition to Russia
20 September 2017   2619

Russian Alexander Vinnik, that was detained in Greece, agreed to extradite to Russia. This was stated by the lawyer of the defendant Timofey Musatov in the commentary to RT.

Today Alexander Vinnik was taken from prison to the prosecutor of the city of Thessaloniki, who acquainted him with the requirement of extraditing him to the Russian Federation for the crimes committed there. Alexander Vinnik agreed with this request, replied that he voluntarily wants to be extradited to Russia.
 

Timofey Musatov
Lawyer

As became known earlier, Russia sent a request for the extradition of Vinnik. Vinnik's extraditions are also being sought by the United States. 

The US authorities brought him official charges, including in the laundering of the cryptocurrency and the creation of a platform for illegal monetary transactions.

Vinnik was accused of laundering up to $ 4 billion with the help of a crypto exchange. Additionally, a group of enthusiasts connected Vinnik with Mt.Gox.

 

SEC to Accuse Veritaseum ICO of Fraud

SEC believes that project's tokensale, thru which it raised $14.8M back in 2017-2018 had a signs of scam and company misled the investors
14 August 2019   392

The U.S. Securities and Exchange Commission (SEC) has sued New Yorker  and Veritaseum-related companies that have been caught by the agency in conducting an unregistered ICO with signs of fraud. It is reported by Cointelegraph.

According to documents published on the network, the SEC intends to hold Reggie Middleton accountable and immediately freeze the assets of Veritaseum Inc. and Veritaseum LLC.

The Commission claims that the defendants raised about $ 14.8 million through an initial coin offering (ICO) in 2017 - early 2018. At the same time, many investors were misled, as the company distorted information about the conditions of the token sale and deliberately hid some significant details.

The American regulator claims that the project still has about $ 8 million of illegally raised funds. According to the SEC, these assets must be frozen immediately.

Amid this news, the Veritaseum (VERI) rate has fallen by 70%. Now the coin is trading near the $ 5 mark, although at the beginning of 2018 its rate was approaching $ 500.

Veritaseum was created as a financial p2p platform, involving the movement of capital without traditional intermediaries. Also, VERI was positioned as a utility token for use in consulting services and access to various research works.

In 2017, Veritaseum blockchain startup fell victim to hackers, having lost $ 8.4 million from ICO investors.