US Authorities Deny Alexander Vinnik Bail

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Alexander Vinnik, who is suspected of managing and laundering funds through crypto exchange BTC-e, is not subject to bail, according to the prisoner’s profile on the website of the Santa Rita prison.

Vinnik declared his innocence on August 5, at a court hearing. The next trial of the case is scheduled for August 15.

The Russian was previously extradited from France to Greece. From there, he was immediately taken to the United States, where he first appeared before a US court.

BTC-e and Vinnik himself are accused of running an unlicensed business in the United States, laundering funds and participating in illegal money transactions.

He faces about 50 years in prison.