Alexander Vinnik, co-founder of the closed crypto exchange BTC-e, admitted to conspiracy to launder money. Vinnik was at the top of BTC-e, processing transactions worth at least $9 billion. 💰

According to the US Department of Justice, BTC-e served as a conduit for laundering funds received from various criminal activities.

Vinnik set up numerous shell companies and financial accounts around the world, facilitating the illegal transfer of funds through BTC-e, resulting in criminal losses exceeding $121 million.

After the closure of BTC-e by American law enforcement agencies in 2017, Vinnik was arrested in Greece.