The world of cryptocurrencies has seen several positives in terms of developments and updates, but it has also witnessed a startling number of people taking advantage of its anonymity and decentralization. One of the prime examples of such frauds was BTC-e and its founder Alexander Vinnik, who was arrested in connection with a $4 billion money laundering scandal.
As per latest reports, Vinnik, who started a hunger strike in protest of the continued delay in court decisions, has reached the 88th day of his strike. According to reports, Vinnik already exceeded the maximum term in such legal cases with no impending court decisions on the way. Speaking to RT, Vinnik said:
“Yes, I am in pain, my body hurts and my soul hurts. I have to be very disciplined here and cannot shout or curse at the guards in Greek.”
Vinnik has been in custody for 19 months now and many say that he should have been released after 18 months barring a court decision that never came. Vinnik’s lawyer stated:
“Vinnik is not supposed to be in jail right now. Many businessmen used the exchange to sidestep legal authorities and many of the charges on him were not illegal at the time of Vinnik’s arrest.”
Last year, many countries requested the Greek government for his extradition as France and Russia clamored for it the most. Vinnik was arrested in 2017 while he was vacationing in Greece with 21 criminal charges leveled against him. Brian Stretch, the US prosecutor during the trial stated:
“Cryptocurrencies such as Bitcoin provide people around the world new and innovative ways of engaging in legitimate commerce. As this case demonstrates, however, just as new computer technologies continue to change the way we engage each other and experience the world, so too will criminals subvert these new technologies to serve their own nefarious purposes.”
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