Cryptocurrency fraudster and ex-crypto exchange director not released on bail in the US

Oleksandr Vynnyk, who is suspected of money laundering through the cryptocurrency exchange BTC-e, is not eligible for bail. This is stated in the profile of the accused on the website of the Santa Rita prison (USA).

Back on August 5, Vinnik pleaded not guilty during a court hearing. The next hearing is scheduled for August 15. Earlier, the Russian was extradited from France to Greece. From there, he was transported to the United States, where he first appeared before an American court.

The cryptocurrency exchange BTC-e and Vinnik himself are accused of running an unlicensed business in the United States, money laundering, and engaging in illegal money transactions. He faces up to 50 years in prison.

Last week, Russians protested the extradition of the former head of the cryptocurrency exchange to the United States. Russian Foreign Ministry spokeswoman Maria Zakharova said in a statement that the move was a violation of the 1963 Vienna Convention on Consular Relations.