Vinnik’s Children File a Complaint About Rights Violation to Greek Court

Vinnik’s Children File a Complaint About Rights Violation to Greek Court

The lawyers of alleged $4 billion Bitcoin launderer Alexander Vinnik file a complaint alleging violation of Vinnik’s rights on behalf of his children

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The lawyers for Alexander Vinnik, the alleged operator of defunct crypto exchange BTC-e, have filed a complaint alleging violation of Vinnik’s rights.

Written on behalf of Vinnik’s young children, the complaint has been filed with a Greek court to prevent the allegedly approaching criminal’s extradition to France and the United States.

Vinnik’s extradition from Greece was allegedly scheduled for last weekend

Timofey Musatov, the head of Vinnik’s legal representation alleges that Vinnik’s extradition had been scheduled for last weekend, Russian news agency RIA Novosti reported Jan. 17.

Musatov suggested that Vinnik’s extradition had been planned for this past weekend based on enhanced security of the hospital department, where the alleged Bitcoin (BTC) launderer was kept in solitary confinement. The lawyer said on Friday:

“What I saw in the hospital today clearly shows that there is a new group that is ready to get him out at any moment. They usually had 12-15 internal security officers, which are now joined by external security armed with grenades, assault rifles and everything […] Special forces are armed to the teeth everywhere, and this all concerns Vinnik. This is all very serious.”

Vinnik, who has been imprisoned for 30 months since he was arrested in Greece in July 2017, reportedly expects that he is going to be exploited in an information war against Russia, Musatov added.

Accused of operating an international crypto-related money laundering scheme that processed over $4 billion worth of capital flows, Vinnik publicly declared his innocence and even offered to help Russian President Vladimir Putin as a digital technology specialist. The alleged Bitcoin criminal, aka “Mr. Bitcoin,” previously argued that his rights were violated during his arrest in Greece and even went on a hunger strike in 2018 in order to “get a fair trial.”

Russia’s multiple attempts to prevent Vinnik’s extradition to other countries

The news comes against the backdrop of years of disagreement in regard to what jurisdiction should care about the Bitcoin laundering suspect. In mid-December 2019, the Ministry of Justice, Transparency and Human Rights of Greece reportedly decided to finally extradite Vinnik to France. This triggered frustration from the Russian government, which reportedly wants to bring Vinnik back.

Russia has not only filed a number of requests with Greek judicial authorities, but also sought help from the United Nations High Commissioner for Human Rights to bring the alleged criminal under its jurisdiction.

In November 2019, Vinnik’s mother Vera Vinnik appealed for his release, arguing that Greek authorities have shown „no mercy“ despite his lawyers’ claim that hasn’t been charged with anything in Greece. According to the recent report by RIA Novosti, Vinnik’s mother has not been allowed to say goodbye to her son ahead of another legal bid to end his detention.


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The lawyers of alleged $4 billion Bitcoin launderer Alexander Vinnik file a complaint alleging violation of Vinnik’s rights on behalf of his children

Roubini: BitMEX in Violation of Securities Laws, Crypto a Metastasized Cancer

Roubini: BitMEX in Violation of Securities Laws, Crypto a Metastasized Cancer

Nouriel Roubini accuses BitMEX of skirting regulations and enabling illicit activities following a debate with BitMEX CEO Arthur Hayes

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Economist and anti-cryptocurrency pundit Nouriel Roubini has recently declared that there is “overwhelming evidence of rampant fraud and abuse” in the crypto space. 

Roubini, a professor at NYU’s Stern School of Business, also took aim specifically at the compliance policies of crypto exchange BitMEX in an essay entitled “The Great Crypto Heist.” The essay was published by opinions publication site Project Syndicate on July 16.

According to Roubini, anonymous sources from within BitMex told him that criminals perform a massive amount of money laundering on the exchange:

“BitMEX insiders revealed to me that this exchange is also used daily for money laundering on a massive scale by terrorists and other criminals from Russia, Iran, and elsewhere; the exchange does nothing to stop this, as it profits from these transactions.”

Roubini also criticized the exchange’s anti-money laundering (AML) and know your customer (KYC) regulations at large, going so far as to say that the exchange is in violation of securities laws. Roubini writes:

“At any rate, we do know that BitMEX skirts AML/KYC regulations. Though it claims not to serve U.S. and U.K. investors who are subject to such laws, its method of “verifying” their citizenship is to check their IP address, which can easily be masked with a standard VPN application. This lack of due diligence constitutes a brazen violation of securities laws and regulations.”

Roubini recently debated BitMEX CEO and co-founder Arthur Hayes, as he recalls. Following the debate, he wrote a Twitter post calling Hayes a coward and telling him to release the tape. According to Roubini’s recent article, Hayes has subsequently released the video.

Roubini has also called on authorities to intervene and enforce regulation. He gave a nod to U.S. Treasury Secretary Steven Mnuchin, who recently said that “… to a large extent, these cryptocurrencies have been dominated by illicit activities and speculation.” 

Roubini mentioned several studies to support his claim that there exists “overwhelming evidence of rampant fraud and abuse.”  He said there is one study which concludes that up to 95% of Bitcoin transactions are fake, which he says suggests “that fraud is not the exception but the rule.” Another study he refers to reportedly concluded that 80% of initial coin offerings (ICOs) in 2017 were scams.

As previously reported by Cointelegraph, ICO advisory firm Statis Group ran a study that looked at data on ICOs in 2017. According to the study, 80% of the ICOs in 2017 were indeed scams. However, out of a total $11.9 billion raised via ICOs, only $1.31 billion — approximately 11% — of those funds actually went to scam projects.


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Nouriel Roubini accuses BitMEX of skirting regulations and enabling illicit activities following a debate with BitMEX CEO Arthur Hayes