France Imprisons Legendary Mt Gox Hacker For 5 Years

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Last Updated on 23 March 2021 by CryptoTips.eu

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Alexander Vinnik has just been sentenced to 5 years imprisonment in France. Not only is the Russian national still one of the prime suspects in the disastrous hack of the defunct crypto exchange Mt Gox, he also was a legendary criminal notorious for setting up money laundering by facilitating the concealment of Bitcoins stolen from the legendary platform back in 2014.

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Extradition requests

Vinnik was arrested by Greek police in 2017 and awaited his trial in France since then. He had been the subject of extradition requests from both his home country Russia, France and the United States. In the beginning of 2020, the French authorities managed to persuade Greece to hand him over.

On 19 October his trial finally started, with the man being charged for using ransomware to obtain Bitcoin (BTC) and then its laundering through the Russian BTC-e exchange.

In the end, the Russian national was accused to have participated in and facilitated the laundering of the 135 million euros hijacked by cyber attacks. The now 41-year-old man, already in detention, was therefore sentenced to 5 years’ imprisonment and will have to pay a fine of 100,000 euros for organized money laundering.

Only issue is that we still don’t know where all the missing Mt Gox Bitcoins are.

Primakov / Depositphotos.com