Trump Trades BTC-e Founder Alexander Vinnik to Russia
President Trump recently announced prisoner exchanges with Russia, trading BTC-E founder Alexander Vinnik as a U.S. school teacher. Although Trump recently pardoned Ross Ulbricht, the deal doesn’t seem to be a benefit for the cryptocurrency community.
Specifically, Vinnik has committed $14 million in fraud in Russia and may be further imprisoned in his home country. Trump helped soothe Crypto calm pace, but the policy has its limitations.
Trump replaces Vinnik with school teacher
Alexander Vinnik has been through a lot since his arrest in 2017. In 2011, he founded BTC-E. Early crypto exchanges This was prominent in its heyday. The site was closed for mass money laundering and other crimes and he was arrested. according to arrive New York PostHowever, President Trump is trading Vinnik back to Russia.
“We now know what Russia has received in this deal. Alexander Vinnik, the alleged Russian money launderer, was released from U.S. detention in exchange for Mark Fogel Write CNN reporter Zachary Cohen.
Specifically, Trump is handing Vinnik over a prisoner exchange agreement to Russian authorities. In exchange, American school teacher Marc Fogel was sent back to the United States.
Fogel attempted to enter Russia as 17 grams of marijuana in 2022, resulting in a 14-year drug trafficking penalty. This is the reason for Célèbre in some circles, but it has nothing to do with encryption.
Vinnik’s life is a constant legal battle between BTC-E’s closure and Trump’s swap deal. After being arrested in Greece in 2017, he was France faces chargesand then Go to the United States again in 2022.
In addition to his initial money laundering charges, the United States New fees added in 2024and Vinnik Then plead guilty to them.
“We think it’s a very fair deal. We haven’t replaced the dead merchant with a basketball player. Vinnik is currently in custody in Northern California, waiting for a transportation back to Russia,” two White House officials claimed in the media.
On the surface, it looks like Trump is continuing to crypto-forgiveness with Vinnik. Last month, he The founder of the Silk Road, Ross Ulbricht He was imprisoned more than ten years later. This has won wide acclaim from the crypto community.
However, Ulbricht faces Rough reintegration with encrypted space with huge changesVinnik has attracted even more serious attention.
Specifically, the Russian government has Require Vinnik has been extradition since at least 2018. Apparently, he acknowledged to Russian law enforcement He committed the main online fraud In BTC-E, the loss is about $14.6 million.
Vinnik may prefer his homeland conditions, but he seems unlikely to be a free man soon.
In other words, Trump’s main interest is to ensure the release of Marc Fogel, rather than correcting Alexander Vinnik’s over-administration. Fogel has returned to the United States, visited the White House, and publicly thanked Trump for his intervention. By contrast, Vinnik is still waiting for the detention center for transportation.
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