The US DOJ charged Vinnick with 17 counts of laundering as much as $4 billion for the reason that alternate was based in 2011. In the meantime, French prosecutors charged him for “extortion, conspiracy and harming computerized data-processing techniques.” French authorities consider he helped create the ransomware “Locky,” which was unfold via electronic mail and was used to assault French companies and organizations between 2016 and 2018. No less than 20 entities within the nation ended up paying ransom cash in Bitcoin to get their networks freed.
Vinnik’s facet argued in courtroom that he was solely a technical operator finishing up directions from BTC-e’s administrators. Whereas the courtroom nonetheless ended up convicting him for cash laundering, it’s hardly the worst-case state of affairs for Vinnick. In response to ZDNet, French prosecutors had been solely in a position to show one of many 14 costs introduced in opposition to him, and it wasn’t the one involving Locky. Which means he was in a position to keep away from the 10-year sentence and the €750,000 positive the prosecutors had requested.