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Greece backs US extradition of Russian Vinnik over bitcoin fraud

A Greek court ruled Wednesday to extradite Russian cybercrime suspect Alexander Vinnik to the United States, where he is wanted in connection with a $4 billion bitcoin fraud case.

By: AP | Thessaloniki | Published: October 4, 2017 5:02 pm
Greek court, Alexander Vinnik, bitcoin fraud case, Vinnik bitcoin fraud, Bitcoin cryptocurrency, Vinnik US extradition request, Vinnik Russia fraud charges, Vinnik digital currency exchange, digital money laundering A Greek court ruled Wednesday to extradite Russian cybercrime suspect Alexander Vinnik to the United States, where he is wanted in connection with a billion bitcoin fraud case. (Image Source: AP)

A Greek court ruled Wednesday to extradite Russian cybercrime suspect Alexander Vinnik to the United States, where he is wanted in connection with a $4 billion bitcoin fraud case. The three-member panel of judges backed the US extradition request for the 37-year-old, who was arrested while on vacation in northern Greece on July 25. Soon after the decision, Vinnik’s lawyers appealed to the Supreme Court on behalf of their client.

Russia is also seeking Vinnik’s extradition on separate fraud charges, but no date has yet been set for that hearing. While fighting his extradition to the US, Vinnik’s lawyers said he would not contest the Russian request. “We have not seen the formal decision and we’ll wait for it to come out before making comment,” Vinnik’s lawyer Alexandros Lykourezos said.

“We have taken immediate action and appealed the ruling and the case will be examined by the criminal division of the Supreme Court.” US authorities accuse Vinnik of running digital currency exchange BTC-e and of involvement in laundering money from criminal proceeds, charges he denies. Speaking during Wednesday’s hearing, Vinnik repeated that he had nothing to do with the digital platform he is accused of running to commit the bitcoin fraud. He said he was merely a technician and the platform was one of his clients.

“I have nothing to do with what I am accused of,” he told the judges. Vinnik said electronic equipment confiscated during his arrest was not related to his job, and that the laptop seized by police contained only cartoons for his children.

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