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Russian Bitcoin Exchange Founder Alexander Vinnik Set to Be Released from U.S. Custody
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Belaaz HQ1 MIN READ
Published Feb. 12, 2025, 11:39 AM
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Alexander Vinnik, a Russian co-founder of the notorious bitcoin exchange BTC-e, is set to be released from U.S. custody today, the New York Times reports.
Vinnik had been detained in California since 2022, awaiting sentencing after pleading guilty to charges related to his operation of an illegal crypto money laundering platform.
Vinnik is accused of facilitating ransomware extortions, identity theft, and narcotics distribution.
He is being released in a prisoner exchange for Marc Fogel, an American held in Russia for four years, who returned to the U.S. Tuesday night.
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