The alleged former operator of a cryptocurrency exchange was sentenced to five years in prison on money laundering charges by a French court on Monday. Alexander Vinnik, who prosecutors say operated the now-shuttered BTC-e exchange, was also fined $121,000 related to the charges against him.
Originally from Russia, Vinnik was arrested at a Greek resort in December 2017 and extradited to France at the beginning of this year. After he was arrested, Vinnik faced as much as 55 years in prison because prosecutors slapped him with wide-ranging charges from identity theft to drug trafficking and money laundering.
In addition to France, he was wanted in Russia and the United States. Vinnik was charged with fraud to the tune of 9,500 euros in his
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