Vinnik trial for extortion and Bitcoin money laundering begins in Paris

Cointelegraph

Published Oct 19, 2020 09:40AM ET

Updated Oct 20, 2020 11:40AM ET

The trial of the alleged launderer of $4 billion worth of Bitcoin (BTC), Alexander Vinnik, got underway in Paris on Monday.

However, despite reported links to the 300,000 BTC hack of Mt. Gox in 2014, prosecutors are focusing on a 135-million-euro ($159 million) ransomware fraud targeting French businesses and organizations between 2016 and 2018.

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