Police officials in New Zealand have successfully able to recover $90 Mln linked to the case against suspected illicit Bitcoin money launderer Alexander Vinnik.
In line with Jared Savage at the New Zealand Herald, the police Asset Recovery Unit have seized roughly around 140 Mln NZD [around $90 Mln USD] managed by a corporation in connection to the investigation of Vinnik.
The Police Commissioner Andrew Coster told the publication that native authorities had been coordinating with the U.S. tax Internal Revenue Service to deal with the funds hacked.
The money recovered is “likely to reflect the profit gained from the victimisation of several thousands users, if not hundreds of thousands, of individuals globally as a results of cybercrime and organised crime,” as per Coster.
Infamous Hack, Money Landering & Arrests
Vinnik was charged of laundering of over 300k Bitcoin [BTC] – roughly $4 billion – over the course of 6 years via BTC-e, one among the world’s largest cryptocurrency exchanges at the time of reporting. A number of the ill-gotten funds may even have come from the infamous hack of the renowned Japan-based crypto exchange Mt. Gox.
The Russian national referred to as “Mr. Bitcoin” was arrested during a vacation in Greece in 2017 and extradited to France earlier this year. At the reporting time, Vinnik remains in France awaiting charges of laundering, extortion and conspiracy, but might be extradited soon to the U.S. or his native Russia.