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Author Topic: BTC-e Founder to be released in exchange for U.S Marc Fogel  (Read 96 times)
OmegaStarScream (OP)
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February 12, 2025, 04:30:36 PM
 #1

https://www.reuters.com/world/europe/who-is-alexander-vinnik-russian-prisoner-being-traded-american-marc-fogel-2025-02-12/

For those who don't know, BTC-e was one of the first Bitcoin exchanges out there. In 2017, Its founder (Alex Vinnik) was arrested for money laundering.

Something that caught my attention from the above article:

Quote
Andrei Zakharov, a journalist who has written a book on Vinnik, said the Russian was reputed to control 80,000 bitcoins stolen from Mt. Gox in 2011, giving Moscow a strong interest in his return.

Thoughts?

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February 13, 2025, 02:00:22 AM
 #2

I'm sure what's available on the surface as far as this particular case is concerned is only a very small portion of the entire picture. I'm certain the US has sufficient knowledge of whatever Vinnik knows and has. I suspect this has something to do with Russia finally giving up on Ukraine.
Vinnik might be a peace offering.

It's equally interesting knowing the other prisoner who's swapped with Vinnik, an old man, a school teacher who's arrested in possession of a small amount of medically-prescribed marijuana. The math isn't mathing here. A Russian prisoner said to be in possession of almost $8 billion in Bitcoin, involved in big crimes, is swapped with an old teacher? And Trump calling the deal "very fair"?

Earlier, when asked what the US has given up in exchange for Marc Fogel, the response was "not much", the release was a show of good faith, "we were treated very nicely by Russia", and the like.[1]

This is the kind of deal whose real details ordinary people can only speculate.


[1] https://www.reuters.com/world/us/trump-envoy-secures-release-american-marc-fogel-russia-2025-02-11/

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February 13, 2025, 07:08:51 AM
 #3

It's equally interesting knowing the other prisoner who's swapped with Vinnik, an old man, a school teacher who's arrested in possession of a small amount of medically-prescribed marijuana. The math isn't mathing here. A Russian prisoner said to be in possession of almost $8 billion in Bitcoin, involved in big crimes, is swapped with an old teacher? And Trump calling the deal "very fair"?

Without meandering to areas that would be considered by many to be off-topic and only relevant to the Politics and Society board, the executive summary is that Trump wants to bring as many political prisoners home as possible. So nothing is off the table for him. No Russian criminal is too hardened for Trump to consider keeping in an American facility.

That being said, this particular man seems to be just an exchange hacker, so the prisoner swap isn't that unequal.

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February 13, 2025, 04:25:08 PM
 #4

Without meandering to areas that would be considered by many to be off-topic and only relevant to the Politics and Society board, the executive summary is that Trump wants to bring as many political prisoners home as possible. So nothing is off the table for him. No Russian criminal is too hardened for Trump to consider keeping in an American facility.

That being said, this particular man seems to be just an exchange hacker, so the prisoner swap isn't that unequal.

Why do you think that an ordinary professor is a political prisoner, unless it was his disguise for espionage? When a small fish is traded for a big fish, it usually means that the small fish is much more valuable than it seems at first glance.

The Russian in question is the founder of the platform, not some cheap scammer who hacked the naive. But people like him are obviously worth a lot in Russia, we already had the chance to see it recently when convicted murderers and saboteurs were welcomed as national heroes - although one should be honest and say that other countries also save their "heroes", they just don't make a show of it.

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February 19, 2025, 02:15:21 PM
 #5

Vinnik handled the stolen property because it was laundered in his exchanges BTC-e and Tradehill. Andrei Zakharov suggests he controlled 80,000 BTC but did not name him responsible for the hack. Who hacked Mt. Gox?

https://www.reuters.com/world/europe/who-is-alexander-vinnik-russian-prisoner-being-traded-american-marc-fogel-2025-02-12/

For those who don't know, BTC-e was one of the first Bitcoin exchanges out there. In 2017, Its founder (Alex Vinnik) was arrested for money laundering.

Something that caught my attention from the above article:

Quote
Andrei Zakharov, a journalist who has written a book on Vinnik, said the Russian was reputed to control 80,000 bitcoins stolen from Mt. Gox in 2011, giving Moscow a strong interest in his return.

Thoughts?
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February 22, 2025, 05:15:20 AM
 #6

Vinnik handled the stolen property because it was laundered in his exchanges BTC-e and Tradehill. Andrei Zakharov suggests he controlled 80,000 BTC but did not name him responsible for the hack. Who hacked Mt. Gox?

I guess we'll never know.

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