Author: Joseph Young / Source: Cointelegraph
Yesterday, on July 27, the Bitcoin and cryptocurrency communities were stunned by the discovery of WizSecurity, which revealed that BTC-e and its owner Alexander Vinnick were directly involved in the Mt. Gox theft and security breach that led to the loss of around $2.2 bln worth of Bitcoin in losses.
As Cointelegraph previously reported, Vinnick played a key role in the hacking incident of Mt. Gox, laundering $2.2 bln worth of Bitcoin stolen from Mt. Gox’s Wallet.dat file. Apart from that, Greek officials and authorities charged Vinnick for laundering approximately $4 bln in Bitcoin, for ransomware distributors and hackers.
The US law enforcement and Department of Justice along with the US Department of the Treasury Financial Crimes Enforcement Network (FinCEN), which asked for the extradition of Vinnick to the US, officially fined BTC-e $110 mln for facilitating ransomware and dark net drug sales.
Jamal El-Hindi, Acting Director for FinCEN, said:
“We will hold accountable foreign-located money transmitters, including virtual currency exchangers, that do business in the US when they willfully violate…
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