Russia's 'crypto-currency king' Vinnik confessed to $12.4m-fraud

Russia's 'crypto-currency king' Vinnik confessed to $12.4m-fraud
Alexander Vinnik

The Prosecutor General's Office of the Russian Federation received a document and redirected it to one of the Moscow departments of the Ministry of Internal Affairs.

Russian Alexander Vinnik, arrested in Greece at the request of the United States, gives himself up to the Prosecutor General's Office of the Russian Federation. The document is submitted to the Office, Interfax reports citing the source. Also, information about the confession is confirmed by Greek lawyer of the cryptocurrency specialist Ilias Spirliadis.

The source specifies that Vinnik admits to fraud committed in the period from 2011 to 2017, as a result of which Russian citizens lost 750 million rubles ($12.4m).

The agency specifies that Vinnik admits to money laundering and fraud in the sphere of computer information in the full confession. According to the interlocutor, the document has already been transferred to the police department in the Ostankino district of Moscow.

Spiliadis, in turn, adds that Russia can issue a new request for the extradition of its citizen now.

Recall that Vinnik was detained in Greece in July last year at the request of the United States. The US suspects Russian of a fraud for 4 billion dollars through the BTC-e exchange for trading bitcoins. In December, the Greek Supreme Court decided to extradite Vinnik to the United States, but he challenged it. The Russian Prosecutor General's Office also sent a request for his extradition but got a refusal.

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