BTC-e Operator Alexander Vinnik Filed For Release With The Reason For Postponing Trial

Key Point:

• Alexander Vinnik applied for bail due to the adjournment of the trial.
• Vinnik is known to be the operator of BTC-e and is accused of laundering $4-9 billion.
• A US court said he could receive a sentence of 55 years in prison.

The alleged operator of crypto exchange BTC-e, Alexander Vinnik, has requested bail due to delays in court proceedings. The Russian IT expert was extradited to the United States in early August to answer to charges of money laundering through the since shut down cryptocurrency trading network.

According to information posted in the federal court papers website for the Northern District of California on Friday, Vinnik’s defense team is requesting that all trial-related documents be submitted within 60 days.

The U.S. government has failed to uphold its commitments after pledging to give evidence in this case, according to Alexander Vinnik, who feels that he should be released on bond or let to exercise his right to a quick trial, the daily Izvestia reported in a report citing the appeal.

On August 5, Alexander Vinnik appeared in federal court in San Francisco and maintained his innocence. Later that month, according to Russian media, who cited his record on the Santa Rita Jail in California, where he was being held, he had been rejected for release on bail.

In September, Vinnik’s French attorney Frederic Belot pleaded with the Russian government to take him into account for a potential prisoner exchange with the United States, noting that.

The French judicial system also requested his extradition, thus Greek officials chose to deliver him to France first in 2019. He was deported back to Greece this past summer and immediately extradited to the US after serving his sentence there. Authorities in France and Greece have disregarded demands from Russia for extradition.

As mentioned in an earlier Coincu News article, the alleged moderator of BTC-e was arrested in July 2017, while on vacation in Greece with his family. He has been detained by order of US authorities, who have accused him, among other charges, of laundering between $4 billion and $9 billion through a cryptocurrency exchange.

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