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Multi-Billion Dollar Bitcoin Launderer Is Charged In France

Multi-Billion Dollar Bitcoin Launderer Is Charged In France

MULTI-BILLION DOLLAR BITCOIN LAUNDERER IS CHARGED IN FRANCE-techcryption

It is very common for the public to relate cryptocurrency with money laundering as it runs on a decentralized system which doesn’t involve a third-party authorization for any transaction. Unfortunately, they forget to realize cryptocurrency can offer more than just the scams that they hear about.

Nevertheless, there are some crypto users who tend to use it for illicit activities that bring more gain, without realizing every transaction that happens is recorded and it is transparent for everybody. Which means, at the end of the day, you’ll surely get caught if you have done something illegal.

Same goes to a Russian citizen, Alexander Vinnik who was arrested three years back in Greece due to his suspected involvement in a massive money-laundering operation. Vinnik was said to be supervising a huge money laundering act that involved billions of dollars.

Although it has been three years, Vinnik is still under detention, and he is extradited to France now, where he is forced to stay for as long as the case remains open. Although he is charged with aggravated money laundering, extortion, conspiracy, as well as harming data-processing systems, the trial date is still unrevealed.

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The U.S. Government is to Shove Bitcoin Down the Drain-techcryption

The case is seen to be extremely complicated, and many expect that it will take a long time to have it completely resolved.

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