Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Russia: Greek ruling on Russian bitcoin fraud suspect is illegal

Published 10/06/2017, 09:49 AM
Updated 10/06/2017, 09:50 AM
© Reuters. Alexander Vinnik, a 38 year old Russian man suspected of running a money laundering operation using bitcoin, is escorted by police officers to a court in Thessalonik

MOSCOW (Reuters) - Russia said on Friday a decision by a Greek court to clear the way for a suspected Russian money launderer to be extradited to the United States was a violation of international law.

Russia has also lodged an extradition request and its Foreign Ministry said on Friday that submission should take priority because the suspect, Alexander Vinnik, is a Russian citizen.

A Greek court cleared the way on Wednesday for Vinnik, the alleged mastermind of a $4 billion bitcoin laundering ring, to be sent to the United States where he faces up to 55 years in prison.

Vinnik, who denies the charges against him, is one of seven Russians arrested or indicted on U.S. cybercrime charges so far this year.

"We believe the (Greek) verdict is unjust and violates the basics of the international law," the Russian ministry said in a statement.

The Greek court's decision could be appealed and must ultimately be approved by the Greek Justice Minister.

A hearing date for the Russian extradition request has been set for Oct. 11, RIA news agency cited Vinnik's lawyer as saying. Vinnik also denies the Russian charges but has agreed to be sent back to Russia.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.