A Paris court has sentenced Alexander Vinnik, BTC-e exchange operator, to five years in prison for facilitating money laundering for organized criminal groups and "providing false information about the origin of the proceeds" in addition to a fine of 100,000 euro ($121,000). Vinnik was first arrested in Greece in July 2017 for allegedly taking part in the operations of BTC-e. Since the arrest, a number of jurisdictions have sought Vinnik’s extradition, including the United States and Russia, where Vinnik is a citizen, and he was eventually extradited Vinnik was extradited to France in 2018 to face charges. Originally, prosecutors said that Vinnik had sent emails to hundreds of victims containing invoices with attached documents that contained malware to shut down the computer and encrypt its contents, netting him over 135 million euros ($164 million). However, Vinnik was found not guilty of the malware charges. The court did, however, find him guilty of laundering the money extorted through the attacks, using a software called Locky. Vinnik denied any connection with the Locky malware, claiming he had been "an ordinary freelance operator" for the BTC-e platform, and is likely to appeal. The jury suspected Vinnik of being the mastermind of what they say has become one of the main ways cybercriminals launder their illegal gains. However, Ariane Zimra, a lawyer for Vinnik said his conviction for money laundering "doesn’t make sense," arguing that cryptocurrency is not legally considered “money” in France. In June, the New Zealand police said they recovered $90 million connected to the case. A U.S. indictment still accuses Vinnik, 41, of 21 charges including identity theft, drug trafficking, and money laundering.