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Russian Foreign Ministry Condemns Vinnik Extradition

Boris Zilberman
11th October 2017 - Quoted by Joseph Young - Btcmanager.com

he Russian Foreign Ministry has condemned the request of the US government to extradite Alexander Vinnik, who has been charged with money laundering in relation to BTC-E and kept in custody by Greek law enforcement agencies.

In July, in a report entitled “Breaking open the MtGox case,” Japanese cybersecurity firm WizSec revealed the involvement of Alexander Vinnik in laundering up to $4 billion worth of bitcoin from the Mt. Gox and Bitcoinica security breaches, as well as ransomware payments. The Mt. Gox and Bitcoinica breaches were the largest hacks in the history of Bitcoin that have led to over $2.5 billion in losses at the current price of bitcoin.

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Boris Zilberman, a Russia analyst with the Foundation for the Defense of Democracies, stated that the US government would be focusing the investigation in unraveling other actors in his Bitcoin laundering scheme if the Russian entrepreneur is extradited to the US.

“[Mr. Vinnik‘s] only bargaining chip is to turn over what he knows. And nobody knows what he could say. Was he a purely a lone actor? Does he know the wider chart of people involved across these currency spaces conducting this type of behavior? Can he flip on others?”

Zilberman continued to emphasize that the Russian government is concerned with the extradition of Vinnik to the US because it may fear the leak of additional information in regards to the money laundering case:

“Everyone is worrying about the unknowns. And the murkiest questions is — the $4 billion that he was laundering — who and what were involved? If you’re taking the more conspiratorial viewpoint, you ask, are the Russians afraid of Vinnik turning that information over to the U.S.?”

 

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Tags

bitcoin, csif, russia