Basketball star for a crypto launderer? Alexander Vinnik’s lawyers considers prisoner swap: Report

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The legal team for Alexander Vinnik, a Russian national recently extradited to the United States for his alleged role at defunct crypto exchange BTC-e, has reportedly been urging officials to consider a prisoner swap.

According to a Monday report from Reuters, a lawyer representing Vinnik called on Russian foreign minister Sergey Lavrov to conduct negotiations with U.S. officials to bring the accused Bitcoin (BTC) launderer back to his home country. Russian authorities currently have several U.S. citizens in custody under questionable charges, including basketball star Brittney Griner, educator Marc Hilliard Fogel and Paul Whelan, a former Marine detained for allegedly committing espionage.

“The only thing that can save Alexander is for the Russian Federation to enter into negotiations with the American authorities within the framework of the exchange of prisoners between the countries mentioned,” a letter from Vinnik’s lawyer, Frederic Belot, reportedly noted.

Vinnik allegedly helped launder roughly $4 billion worth of Bitcoin through his role at BTC-e, one of the world’s largest crypto exchanges at the time, with some of the funds possibly coming from the hack of Japan-based crypto exchange Mt. Gox. Authorities in Greece arrested Vinnik in July 2017, at which point, the governments of France, Russia and the U.S. fought for extradition.

The U.S. Justice Department reported that Vinnik had been extradited on Aug. 4 from Greece to the United States to face charges related to having an unlicensed money service business, conspiracy to commit money laundering, money laundering and engaging in unlawful monetary transactions. According to authorities, BTC-e “facilitated transactions for cybercriminals worldwide and received criminal proceeds from numerous computer intrusions and hacking incidents,” including ransomware attacks and trafficking in drugs.

Alleged Russian Cryptocurrency Money Launderer Alexander Vinnik was extradited to the U.S. to face charges stemming from allegedly operating an alleged illicit Bitcoin exchange company which received more than $4 billion worth of Bitcoins. https://t.co/mQx1Yrd7MT

— FBI (@FBI) August 5, 2022

If convicted of all charges, Vinnik, 43, could reportedly face up to 55 years in prison, making any sentence tantamount to life behind bars. Griner has also been detained since her arrest in February, with many U.S. officials suggesting the Russian government may be using the basketball star as political leverage in response to sanctions following the country’s invasion of Ukraine.

Russia has reportedly been engaging in “quiet diplomacy” with the U.S. following Griner being sentenced to nine years for allegedly holding vape cartridges containing hash oil at the Sheremetyevo International Airport on Aug. 4. However, reports suggested that the U.S. was considering swapping “Lord of War” arms dealer Viktor Bout — and not Vinnik — in exchange for Griner and Whelan. Amid the war in Ukraine, officials between the two countries negotiated the swap of former U.S. Marine Trevor Reed for Russian national Konstantin Yaroshenko, who had been convicted of drug-smuggling charges in 2011.