RATE Group | Trump DOJ Sues Infamous Bitcoin Exchange for $100 Million
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Trump DOJ Sues Infamous Bitcoin Exchange for $100 Million

27 Jul Trump DOJ Sues Infamous Bitcoin Exchange for $100 Million

Posted at 21:40h in Bitcoin News by

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The Trump administration has filed a $100 million lawsuit against infamous bitcoin exchange BTC-e and its alleged operator, Russian national Alexander Vinnik.

Vinnik, who remains in custody in Greece as governments worldwide jockey to extradite him, stands accused of laundering billions of dollars worth of cryptocurrency stolen from other exchanges, most notably Mt. Gox.

Trump DOJ Sues BTC-e, Alexander Vinnik for $100 Million for Illicit Bitcoin Dealings

Alexander Vinnik bitcoin launderer BTC-e

The $100 million civil suit, which the Department of Justice filed in the Northern District of California, targets BTC-e for offering services to US residents without abiding by US financial regulations, including declining to register with FinCEN as a Money Services Business, failing to establish anti-money laundering procedures as stipulated under the Bank Secrecy Act (BSA), and failing to report suspicious activities.

From the complaint:

“At no point in time did BTC-e have any AML…

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