Alexander Vinnik, co-founder of the infamous $BTC -e crypto exchange, has pleaded guilty to laundering a staggering 💰 $9 billion.
BTC-e, operational from 2011 to 2017, was a major platform involved in 🧑💻processing illicit funds linked to cybercrime, corruption, and trafficking.
👀 Not registered with U.S. FinCEN and lacking essential KYC and AML protocols, #BTC -e was a preferred hub for criminals to conceal their proceeds. Vinnik now faces substantial penalties, reflecting serious U.S. efforts against crypto-related crimes.
🔍Sentencing awaits, with further details from the IRS and Homeland Security.
