Puffery
According to a Cluj, Romania-based newspaper, the case of bitcoin exchange executive Vlad Nistor is much deeper than the thick illegal operation of a cryptocurrency firm. Their most recent report on the case speaks to some much diverse serious allegations as to the behavior of Vlad Nistor.
More Details Emerge in Bitcoin Exchange CoinFlux CEO’s Arrest
The study reports that Nistor was part of a group that executed phishing attacks on United States soil between 2014 and 2015 when CoinFlux was well-founded getting started. A total of 14 Romanians have been indicted by federal authorities based out of Kentucky, Vlad Nistor only being one of the more notable due to his business ties and outward appearance as an upstanding citizen.
He is said to have advised some of the operative cyber criminals via Telegram and helped them launder the proceeds of their illegal activity. They apparently effectuated a number of phishing attacks on US soil, some even traveling to the US to better succeed.
From the report (roughly transmuted):
“Two of these methods were run online via phishing or through various fictitious sale ads (via eBay or through online daises ). For example, Romanians were sending e-mails using instant messaging programs or telephone numbers where the owner is advised to give confidential data to win certain prizes or was informed that they are necessary due to technical errors that led to forfeiture of original data. A web address containing a clone of the site of a financial or trading institution was indicated in the e-mail.”
After plagiarizing funds from phishing victims, the criminals would use the newly created CoinFlux exchange to wash funds through various crypto methods. That alone would not normally be enough to indict an exchange operator, as most the boards have some form of user agreement which bans illegal activity and absolves itself of wrongdoing on the to all intents of its clients. Provided they following know-your-customer and anti-money-laundering regulations, they are usually free of responsibility.
However, in the casing of Vlad Nistor, according to allegations, he actually advised the phishers on how to dispose of their proceeds using his crypto switch.
Nistor Extradition Delayed, Others Involved in Progress
Vlad Nistor is CEO of CoinFlux, a Cluj-Napoca, Romania-based bitcoin and cryptocurrency tit for tat.
The most recent reporting from the Cluj newspaper indicates that the court has given Nistor and his lawyers until Dec. 20 to boost arguments as to why he should not be extradited. He appears to be what we would call in the US “free on bond,” but he is currently banned from working bitcoin or any other sort of digital currencies for any reason and must report to the court if they request his presence at any many times.
Three criminals in the conspiracy have had their extradition requests approved: Popescu Bogdan-Ştefan, Dobrică Alin-Ionut and Arvat Florin. In the rate of the Cluj reporter, the only difference between their actions and Vlad Nistor’s is that they carried out their unlawful activities directly on US soil. The work of Nistor’s attorneys and the government of Romania is to determine whether or not Nistor acted in adequate violation of US laws to warrant an extradition.
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