Belarusian National Linked to BTC-e Faces 25 Years for $4 Billion Crypto Money Laundering

An individual, 42 years of age, who is national of Belarus and Cyprus and is purportedly associated with the bankrupt cryptocurrency exchange BTC-e, is being charged with money laundering and running an unregistered money services firm.

After being detained in Latvia on December 21, 2023, Aliaksandr Klimenka was extradited to the United States and is presently being held under detention. He can spend up to 25 years in prison if found guilty.

After another important member, Alexander Vinnik was apprehended in Greece in late July 2017, law enforcement officials confiscated BTC-e, which had been in operation since 2011.

It is purported that the exchange received deposits amounting to more than $4 billion, with Vinnik allegedly using several online exchanges read more Belarusian National Linked to BTC-e Faces 25 Years for $4 Billion Crypto Money Laundering.

Get up to date on the latest cybersecurity news and enhance your knowledge of cybersecurity with our thorough coverage of the dangers, breaches, and solutions.

Leave a Reply

Your email address will not be published. Required fields are marked *