Cyprus Court Withdraws Money Laundering, Fraud Lawsuit Against Alleged BTC-e Operator


The lawyer for Alexander Vinnik, the alleged former operator of defunct cryptocurrency trade BTC-e, has stated {that a} district courtroom in Cyprus has withdrawn their lawsuit on prices “of fraud, money laundering and other crimes.” This growth was reported by state-operated Russian information company RIA Novosti Nov. 27.

Timofey Musatov, the pinnacle of the attorneys’ group representing Vinnik, has stated that the  district courtroom of Limassol metropolis has formally granted the plaintiffs’ petition to recall their lawsuit towards Vinnik and even dominated “to compensate the defendant for all legal costs incurred by him.” Musatov added:

“The case against Alexander collapsed at an early stage and, importantly, at the initiative of the plaintiffs themselves, which clearly indicates the weakness of the accusatory component against Alexander, the vulnerability of the legal position of the plaintiffs and their unwillingness to bring the case to open legal proceedings.”

Meanwhile, this withdrawal doesn’t imply that the case towards Vinnik has been closed. Greece is now contemplating an attraction for France’s request for the extradition of Vinnik, a Russian citizen. The subsequent courtroom session is scheduled Nov. 29, RIA Novosti studies.

In 2017, Greece’s Supreme Court ruled to extradite Vinnik to the U.S., the place he faces prices of cash laundering and fraud. Back in July, the Greek courtroom had already dominated to extradite Vinnik to France on prices of fraud and cash laundering, reportedly involving as much as $Four billion in Bitcoin (BTC), as Cointelegraph reported Jul. 14.

This fall, Russia additionally requested Vinnik’s extradition to face a number of cyber fraud prices. The Supreme Civil and Criminal Court of Greece dominated in Russia’s favor, leaving the query of Vinnik’s ultimate extradition location unclear, Cointelegraph wrote Sep. 4.

Earlier this week, Musatov said that his shopper would go on a starvation strike beginning Nov. 26 with a view to protest the alleged “stripping” of his rights for protection in France and Greece.





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