This $4 billion Bitcoin laundering scheme reads like a gripping detective story


A Russian man was indicted by a U.S. jury on Wednesday on charges of laundering more than $4 billion through a Bitcoin exchange, Reuters reported. 

Alexander Vinnik, 38, and likely operator of popular Bitcoin exchange BTC-e, was arrested in northern Greece on Tuesday, according to the report.

The U.S. Justice Department thinks he used the exchange to launder money for criminals, and ties him to the demise of another popular Bitcoin exchange, Mt. Gox, which was shut down in February 2014 after 850,000 of its bitcoin—then worth about $450 million—went missing. 

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