February 14, 2025
Money Laundering Allegations
Despite Trump’s recent crypto-friendly moves, the deal was focused on freeing Fogel, not supporting crypto. Vinnik, involved in a major money laundering case, is expected to stay in Russian custody.
Vinnik’s legal issues date back to his 2017 arrest. He founded BTC-e in 2011, but it was shut down amid money laundering allegations. Trump’s deal saw Vinnik sent back to Russia for Fogel’s release.
Comparisons To Ulbricht
The White House defended the trade, calling it a “fair trade.” Vinnik remains in U.S. custody, awaiting transfer to Russia. Unlike Trump’s recent pardon of Silk Road founder Ross Ulbricht, Vinnik’s case is driven by Russia’s push for his extradition.
Moreover, Vinnik faces charges for his role in a $14.6 million fraud linked to BTC-e. Meanwhile, Fogel has returned to the United States, thanked Trump, while Vinnik stays in custody.
