Coindesk Logo

Mt Gox Trustee Asked DOJ to Share Info on Jailed BTC-e Owner Alexander Vinnik

Mt Gox Trustee Asked DOJ to Share Info on Jailed BTC-e Owner Alexander Vinnik

Mt Gox Trustee Asked DOJ to Share Info on Jailed BTC-e Owner Alexander Vinnik

The trustee recovering funds on behalf of Mt Gox's creditors has contacted the U.S. Department of Justice seeking information about Alexander Vinnik.

The trustee recovering funds on behalf of Mt Gox's creditors has contacted the U.S. Department of Justice seeking information about Alexander Vinnik.

The trustee recovering funds on behalf of Mt Gox's creditors has contacted the U.S. Department of Justice seeking information about Alexander Vinnik.

AccessTimeIconOct 1, 2019, 8:25 PM
Updated Aug 18, 2021, 12:23 PM

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

The trustee recovering funds on behalf of Mt Gox's creditors has contacted the U.S. Department of Justice seeking information about Alexander Vinnik, who prosecutors allege played a role in laundering stolen funds from the bankrupt exchange.

Nobuaki Kobayashi, the trustee, requested details of the DOJ's investigation into BTC-e, a defunct crypto exchange with the Russian roots, his office announced Tuesday. Vinnik, allegedly BTC-e's operator, was arrested in the summer 2017 at the request of U.S. law enforcement and is now imprisoned in Greece.

Kobayashi contacted the DOJ after it brought a $100 million civil lawsuit against Vinnik this summer alleging he operated an unregistered money service business and failed to prevent money laundering.

"The Rehabilitation Trustee has contacted the U.S. Department of Justice through a U.S. law firm, and seeking further information," the trustee's office said in a statement.

The DOJ hadn't responded to CoinDesk's request for comment at press time.

'Russian recovery' pending

's creditors have become increasingly interested in BTC-e in recent months.

ZP Legal, a Russian law firm, claims it can recover up to 200,000 BTC from unnamed Russian nationals related to BTC-e and that it has already located some of the missing coins. Still, the creditors are hardly unified in wanting to work with ZP Legal, which wants a cut of the recovered BTC in return for its services. Kobayashi has yet to say if he wants to work with ZP on the "Russian recovery."

During a public meeting with the creditors Tuesday, the trustee remained non-committal, noting only that his team was contacted by ZP Legal and had requested further information about its offer. ZP's head Alexander Zheleznikov declined to comment for this article.

The meeting did reveal that two large claimants for Mt. Gox's remaining funds – Mt. Gox's parent company Tibanne Co. (led by the exchange's former CEO Mark Karpeles) and Mt. Gox's unsuccessful U.S. partner, CoinLab – have litigated claims previously denied by the trustee.

Tibanne asked for 82,507.7 BTC and $3.5 million (386 million Japanese yen) while CoinLab requested $15.7 billion (1,690 billion Japanese yen). The trustee approved the basis of the claims, but disputed the amounts demanded. The court hearing the case approved the trustee's assessment, and Tibanne has filed an appeal in the higher court, according to the trustee.

Kobayashi's team has burned through about $1.5 million (155 million Japanese yen) over the last six months and has now recovered a total of $644 million (69.4 billion Japanese yen) in previously lost funds. The creditors are due to meet the trustee again in March 2020.

Alexander Vinnik image via Shutterstock

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.