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Home Cryptocurrency

US to release Russian in exchange for freed American teacher Marc Fogel

by Investor News Today
February 12, 2025
in Cryptocurrency
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US to release Russian in exchange for freed American teacher Marc Fogel
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Alexander Vinnik, a Russian who operated cryptocurrency platform BTC-e, is to be launched as a part of the trade that freed American trainer Marc Fogel, a US official stated.

Vinnik, who was arrested whereas on vacation in Greece in 2017 and extradited to the US, was accused of laundering billions of {dollars}’ value of bitcoin by means of BTC-e.

He’s in custody in northern California and is awaiting transportation again to Russia. He should forfeit $100mn as a situation of his launch.

“We view this as a good trade. This wasn’t the service provider of demise for a basketball participant,” the official stated, in an obvious reference to Russian arms seller Viktor Bout, who the US launched in 2022 in trade for WNBA participant Brittney Griner.

The White Home on Wednesday additionally stated an American was amongst three individuals launched from Belarus, one in all whom labored for US government-funded Radio Liberty, although press secretary Karoline Leavitt declined to supply additional particulars about their identities or who is perhaps launched from the US in trade.

Vinnik was accused in 2017 of serving to launder cash for prison syndicates world wide, in addition to identification theft and facilitating drug trafficking, incomes BTC-e greater than $4bn value of bitcoin. He pleaded responsible to conspiracy to commit cash laundering final yr.

Prosecutors additionally alleged BTC-e was concerned in ransomware assaults and different cyber prison actions.

Fogel was launched on Tuesday and was acquired on the White Home late that evening by President Donald Trump, Republican congressional management and particular envoy Steve Witkoff.

Trump declined to touch upon whether or not he had spoken to Russian President Vladimir Putin about Fogel.

Witkoff flew to Moscow on his non-public jet on Tuesday to barter the deal to safe Fogel’s return.

The White Home described the American’s launch as a present of “good religion” from Moscow that may assist talks to finish the war in Ukraine. It’s “an indication we’re shifting in the precise route to finish the brutal and horrible struggle in Ukraine”, US nationwide safety adviser Mike Waltz stated on Tuesday.

Fogel was detained in 2021 for possession of medical marijuana and was serving a 14-year jail sentence in Russia.

When he arrived on the White Home, he stated he was “now in a dream world”.



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