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A Cyprus court has dropped the lawsuit against alleged BTC-e former operator Alexander Vinnik, with the next session scheduled for Nov. 29.
The lawyer for Alexander Vinnik, the alleged former operator of defunct cryptocurrency exchange BTC-e, has said that a district court in Cyprus has withdrawn their lawsuit on charges âof fraud, money laundering and other crimes.â This development was reported by state-operated Russian news agency RIA Novosti Nov. 27.
Timofey Musatov, the head of the lawyersâ group representing Vinnik, has said that the  district court of Limassol city has formally granted the plaintiffsâ petition to recall their lawsuit against Vinnik and even ruled âto compensate the defendant for all legal costs incurred by him.â Musatov added:
âThe case against Alexander collapsed at an early stage and, importantly, at the initiative of the plaintiffs themselves, which clearly indicates the weakness of the accusatory component against Alexander, the vulnerability of the legal position of the plaintiffs and their unwillingness to bring the case to open legal proceedings.â
Meanwhile, this withdrawal does not mean that the case against Vinnik has been closed. Greece is now considering an appeal for Franceâs request for the extradition of Vinnik, a Russian citizen. The next court session is scheduled Nov. 29, RIA Novosti reports.
In 2017, Greeceâs Supreme Court ruled to extradite Vinnik to the U.S., where he faces charges of money laundering and fraud. Back in July, the Greek court had already ruled to extradite Vinnik to France on charges of fraud and money laundering, reportedly involving up to $4 billion in Bitcoin (BTC), as Cointelegraph reported Jul. 14.
This fall, Russia also requested Vinnikâs extradition to face several cyber fraud charges. The Supreme Civil and Criminal Court of Greece ruled in Russiaâs favor, leaving the question of Vinnikâs final extradition location unclear, Cointelegraph wrote Sep. 4.
Earlier this week, Musatov said that his client would go on a hunger strike starting Nov. 26 in order to protest the alleged âstrippingâ of his rights for defense in France and Greece.
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