Alleged Bitcoin Launderer Faces Extradition Hearing Next Month

An alleged money launderer tied to the defunct BTC-e bitcoin exchange and wanted by both Russia and the U.S. will attend an extradition hearing next month.

The Dec. 6 hearing, The Associated Press reports, represents a delay intended to allow for two witnesses to attend the proceedings, a lawyer for Alexander Vinnik said. Vinnik was arrested in July and accused of laundering billions of dollars through BTC-e, which was also targeted by law enforcement officials.

The development represents the latest twist in a story that sparked global headlines in the wake of Vinnik’s arrest. U.S. prosecutors had filed charges against both Vinnik and BTC-e, with the Financial Crimes Enforcement Network (FinCEN) handing down a $110 million fine against the cryptocurrency exchange…

Read Full: Alleged Bitcoin Launderer Faces Extradition Hearing Next Month