Alexander Vinnik was sentenced in France to five years in prison and a fine

Alexander Vinnik was sentenced in France to five years in prison and a fine

A court in Paris found Alexander Vinnik guilty of aggravated money laundering. Vinnik was sentenced to five years in prison and fined €100,000.

According to TASS, on December 7, the Paris court ruled on the case of Alexander Vinnik, whose hearings began
in October. Vinnik was accused of involvement in the creation of the virus-cryptographer Loki (Locky), money laundering and extortion.

In France, according to local law enforcement agencies, 20 companies and municipal departments paid a ransom through the BTC-e exchange, the operator of which was Alexander Vinnik. According to Ekho Moskvy, French prosecutors initially demanded that Vinnik be sentenced to ten years in prison and fined €750,000.

A court in Paris sentenced Alexander Vinnik to five years in prison and a fine of €100,000, including compensation to the affected parties. However, this does not mean that Vinnik will serve the entire sentence in France. According to RBC, a Russian citizen can be extradited to the United States, where American prosecutors accuse him of laundering from $4 billion to $9 billion through the VTS-e cryptocurrency exchange.

According to TASS, the court in Paris cleared Vinnik of part of the charges of money laundering and completely rejected the charges of violating the automated systems of a number of organizations and individuals. In addition, he was cleared of using the malicious Loki encryption virus to conduct cyber attacks.

During the hearing, Alexander Vinnik pleaded not guilty and stated that he was only a consultant to BTC-e, but did not manage the platform. Vinnik’s lawyer also noted that the prosecutor’s office has no evidence confirming the guilt of his client. In the October edition of Figaro
It was reported that according to Vinnik, he was a “freelance employee” of the cryptocurrency exchange and asked for extradition to Russia. Vinnik also claimed that he had no idea about the Loki virus, and received €10,000 a month for freelance work on BTC-e.

Recall that in early 2020, Vinnik was extradited from Greece to France. In August, the case of Alexander Vinnik was transferred to the Correctional Court of France.