The suspect in operating and laundering funds through the cryptocurrency exchange BTC-e, Alexander Vinnik, is not eligible for release on bail. This is stated in the inmate’s profile on the Santa Rita jail’s website.
On August 5, at a court hearing, Vinnik declared his innocence. The next hearing is scheduled for August 15, according to TASS.
Earlier the Russian national was extradited from France to Greece. From there he was immediately taken to the United States, where he first appeared before an American court.
BTC-e and Vinnik himself are accused of operating an unlicensed business in the United States, laundering funds and participating in illicit financial operations.
He faces around 50 years in prison.
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