Alexander Vinnik, co-founder of the crypto exchange BTC-e, has admitted guilt to a money laundering conspiracy. This acknowledgment comes in the wake of a comprehensive investigation uncovering a multitude of illegal activities carried out on the exchange between 2011 and 2017. According to a press release from the United States Department of Justice (DOJ) on May 3, BTC-e, under Vinnik’s leadership, facilitated over $9 billion in transactions and amassed a user base exceeding one million globally, including many users from the United States. The DOJ emphasized that BTC-e served as a channel to launder proceeds from various criminal endeavors, such