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Russian charged over $4 billion bitcoin laundering scheme
The US Department of Justice (DoJ) has charged a Russian Bitcoin exchange operator with 17 counts of laundering up to $4 billion since 2011. Alexander Vinnik was arrested earlier this week by Greek police, and shortly afterwards, security firm Wizsec identified him as a prime laundering suspect in the infamous $480 million Mt. Gox hack. "BTC-e was an international money-laundering scheme that, by virtue of its business model, catered to criminals -- and to cyber criminals in particular," the DoJ's indictment reads.
