#BTC-e founder pleads guilty to laundering stolen Bitcoin

Alexander Vinnik, co-founder of the now-defunct crypto exchange BTC-e, admitted to conspiring to launder money, marking a significant development in a long-standing legal saga.

Vinnik’s guilty plea comes in the wake of a broader investigation that unearthed extensive illegal activities on the exchange from 2011 to 2017.

#BTC-e Operator Pleads Guilty to Money Laundering Conspiracy

Exchange Moved Over $9B Worth of Transactions; Defendant Caused Criminal Losses in Excess of $100M

#btc #crypto