Bitcoin Exchange Was a Nexus of Crime, Indictment Says – The New York Times bitcoin chart

Alexander vinnik was escorted by police officers as he arrived at a courthouse in greece. Credit

Sakis mitrolidis/agence france-presse — getty images

A russian man was charged with overseeing a black market bitcoin exchange that helped launder billions of dollars and stood at the nexus of several criminal enterprises, according to a federal indictment.

The indictment, which was unsealed in california on wednesday, gave a long list of illegal activities that the bitcoin exchange, known as BTC-E, facilitated, including ransomware fraud, identity theft, drug trafficking and public corruption.

The russian man charged in the case, alexander vinnik, 37, was arrested in greece on tuesday. Mr. Vinnik had “directed and supervised” BTC-E’s operations, according to the indictment, and is said to have had co-conspirators.Bitcoin chart

Criminals who stole or extorted bitcoin from their victims would transfer the virtual currencies to BTC-E, which would then convert the virtual currency into traditional currency using a host of bank accounts registered under shell companies.

Alexander vinnik was escorted by police officers as he arrived at a courthouse in greece. Credit

Sakis mitrolidis/agence france-presse — getty images

A russian man was charged with overseeing a black market bitcoin exchange that helped launder billions of dollars and stood at the nexus of several criminal enterprises, according to a federal indictment.

The indictment, which was unsealed in california on wednesday, gave a long list of illegal activities that the bitcoin exchange, known as BTC-E, facilitated, including ransomware fraud, identity theft, drug trafficking and public corruption.Bitcoin chart

The russian man charged in the case, alexander vinnik, 37, was arrested in greece on tuesday. Mr. Vinnik had “directed and supervised” BTC-E’s operations, according to the indictment, and is said to have had co-conspirators.

Criminals who stole or extorted bitcoin from their victims would transfer the virtual currencies to BTC-E, which would then convert the virtual currency into traditional currency using a host of bank accounts registered under shell companies.

Alexander vinnik was escorted by police officers as he arrived at a courthouse in greece. Credit

Sakis mitrolidis/agence france-presse — getty images

A russian man was charged with overseeing a black market bitcoin exchange that helped launder billions of dollars and stood at the nexus of several criminal enterprises, according to a federal indictment.Bitcoin chart

The indictment, which was unsealed in california on wednesday, gave a long list of illegal activities that the bitcoin exchange, known as BTC-E, facilitated, including ransomware fraud, identity theft, drug trafficking and public corruption.

The russian man charged in the case, alexander vinnik, 37, was arrested in greece on tuesday. Mr. Vinnik had “directed and supervised” BTC-E’s operations, according to the indictment, and is said to have had co-conspirators.

Criminals who stole or extorted bitcoin from their victims would transfer the virtual currencies to BTC-E, which would then convert the virtual currency into traditional currency using a host of bank accounts registered under shell companies.

Alexander vinnik was escorted by police officers as he arrived at a courthouse in greece. Credit

bitcoin chart

Sakis mitrolidis/agence france-presse — getty images

A russian man was charged with overseeing a black market bitcoin exchange that helped launder billions of dollars and stood at the nexus of several criminal enterprises, according to a federal indictment.

The indictment, which was unsealed in california on wednesday, gave a long list of illegal activities that the bitcoin exchange, known as BTC-E, facilitated, including ransomware fraud, identity theft, drug trafficking and public corruption.

The russian man charged in the case, alexander vinnik, 37, was arrested in greece on tuesday. Mr. Vinnik had “directed and supervised” BTC-E’s operations, according to the indictment, and is said to have had co-conspirators.

Criminals who stole or extorted bitcoin from their victims would transfer the virtual currencies to BTC-E, which would then convert the virtual currency into traditional currency using a host of bank accounts registered under shell companies.Bitcoin chart

Alexander vinnik was escorted by police officers as he arrived at a courthouse in greece. Credit

Sakis mitrolidis/agence france-presse — getty images

A russian man was charged with overseeing a black market bitcoin exchange that helped launder billions of dollars and stood at the nexus of several criminal enterprises, according to a federal indictment.

The indictment, which was unsealed in california on wednesday, gave a long list of illegal activities that the bitcoin exchange, known as BTC-E, facilitated, including ransomware fraud, identity theft, drug trafficking and public corruption.

The russian man charged in the case, alexander vinnik, 37, was arrested in greece on tuesday. Mr. Vinnik had “directed and supervised” BTC-E’s operations, according to the indictment, and is said to have had co-conspirators.Bitcoin chart

Criminals who stole or extorted bitcoin from their victims would transfer the virtual currencies to BTC-E, which would then convert the virtual currency into traditional currency using a host of bank accounts registered under shell companies.

Alexander vinnik was escorted by police officers as he arrived at a courthouse in greece. Credit

Sakis mitrolidis/agence france-presse — getty images

A russian man was charged with overseeing a black market bitcoin exchange that helped launder billions of dollars and stood at the nexus of several criminal enterprises, according to a federal indictment.

The indictment, which was unsealed in california on wednesday, gave a long list of illegal activities that the bitcoin exchange, known as BTC-E, facilitated, including ransomware fraud, identity theft, drug trafficking and public corruption.Bitcoin chart

The russian man charged in the case, alexander vinnik, 37, was arrested in greece on tuesday. Mr. Vinnik had “directed and supervised” BTC-E’s operations, according to the indictment, and is said to have had co-conspirators.

Criminals who stole or extorted bitcoin from their victims would transfer the virtual currencies to BTC-E, which would then convert the virtual currency into traditional currency using a host of bank accounts registered under shell companies.

Alexander vinnik was escorted by police officers as he arrived at a courthouse in greece. Credit

Sakis mitrolidis/agence france-presse — getty images

A russian man was charged with overseeing a black market bitcoin exchange that helped launder billions of dollars and stood at the nexus of several criminal enterprises, according to a federal indictment.Bitcoin chart

The indictment, which was unsealed in california on wednesday, gave a long list of illegal activities that the bitcoin exchange, known as BTC-E, facilitated, including ransomware fraud, identity theft, drug trafficking and public corruption.

The russian man charged in the case, alexander vinnik, 37, was arrested in greece on tuesday. Mr. Vinnik had “directed and supervised” BTC-E’s operations, according to the indictment, and is said to have had co-conspirators.

Criminals who stole or extorted bitcoin from their victims would transfer the virtual currencies to BTC-E, which would then convert the virtual currency into traditional currency using a host of bank accounts registered under shell companies.