Vinnik will be extradited to the US

Russian citizen faces 55 years of imprisonment and a multimillion fine
04 October 2017   859

The Council of Judges in Thessaloniki granted the US request for the extradition of a Russian Alexander Vinnik, suspected of laundering a large amount in crypto-currencies through the BTC-e exchange. This is reported by RIA News.

In the US, Alexander faces up to 55 years in prison, as well as a multimillion-dollar fine.

During the day defense of the Russian intends to protest this decision in the supreme court of Greece - Areopagus.

The decision will be appealed and will not come into force, simultaneously the consideration of the Russian extradition request will begin, and the so-called procedure for the requests competition will begin. The corresponding decision obviously has a political character - whose request for Greece is more weighty.

Timofey Musatov
Defender of Alexander Vinnik

According to lawyers, Areopagus can review the case in 15-20 days.

Alexander Vinnik himself did not admit his guilt during the meeting, although he stated that he worked for BTC-e as an independent technical expert.

I have nothing to do with the BTC-E website. I am neither the owner, nor the manager, nor the accountant. I am an independent technical expert and this is one of my clients.

Alexander Vinnik

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

Earlier, the Greek court postponed the decision to extradite a Russian "in connection with a large amount of materials." At the same time, the defense experts of Vinnik called the statements of the prosecution "far-fetched", and in Vinnik agreed to extradition to Russia. 

Vinnik is associated with the theft of funds from the Japanese stock exchange MtGox.

Meanwhile, in Russia, against Alexander Vinnik, a criminal case was also instituted on charges of fraud in a particularly large amount. On August 11, the Ostankino District Court elected the Russian citizen a preventive measure in the form of detention in absentia. On August 18, the General Prosecutor's Office of Russia sent a request to the Ministry of Justice of Greece for the extradition of Vinnik of the Russian Federation for its criminal prosecution. 

WEX to be Called for Singapore Court

Thai citizen, ex BTC-e trader Pimporn Karti, filed a claim for $2,600,000 to WEX 
12 July 2018   249

In accordance with the order issued by the High Court of Singapore with respect to World Exchange Services (WEX), the defendant is obligated to pay Pimporn Karti, a Thai citizen, $ 2,619,912.08 plus additional SGD 2,000 or appear on 12 July to protect its interests in the trial. Otherwise, the court can make a decision not in favor of the defendant without further notice, the document says. This is reported by Coin Radio.

WEX is the legal successor to the infamous BTC-e exchange - once the largest Russian crypto exchange. BTC-e ceased to exist after the arrest in July 2017 Alexander Vinnik. At the same time, the FBI arrested the exchange server in the data center in New Jersey.

According to the statement of claim, which is attached to the court summons sent to WEX, on September 19, 2017, the crypto-exchange on its official website notified that it received from the BTC-e digital user profiles in full. At the same time, access to the client's assets was lost.

The plaintiff since 2012 was the trader of the BTC-e site, where he had three accounts with four crypto-currencies: bitcoin, ether, lightcoin and Namecoin. As of July 3, 2017, one of the accounts held 10 572.36 LTC coins. The plaintiff does not remember the balances of the other two accounts, because since July 25, access to the BTC-e platform was impossible.

On September 20, WEX returned access to the system. Upon entering the account, the plaintiff discovered that the structure of the balances on his accounts changed, some funds were lost.

Then the husband of Pimporn Carti contacted the WEX support service and asked to return the balances to the previous state. He was told that all claims of customers for reimbursement are considered by a third party - the company FXOpen, which provides trading services in the forex market. On October 2, 2017, FXOpen informed the plaintiff by e-mail that it had no means of BTC-e in its system and recommended to contact the representatives of this site again.

However, the defendant did not comply with the request and did not provide a report on how the balances of the plaintiff's accounts were reduced.

At the moment, Pimporn Carti, a Thai citizen, has the following requirements for WEX:

  • return the balances according to the following structure: 139,81467001 BTC, 11,645.36 LTC, 715.21047164 Name coins, 49.61 ETH;
  • as an alternative: to pay monetary compensation in the amount of 3 512 306.53 Singapore dollars, which is equivalent to $ 2 619 912.08. The amount is calculated in accordance with the WEX crypto exchange rate as of May 25, 2018;
  • as an alternative: provide all the necessary data on the balances of all plaintiff accounts opened in BTC-e and transferred to WEX.