Trump Swaps Russian Crypto Fraudster Alexander Vinnik for Jailed American Teacher Marc Fogel
President Donald Trump has secured the discharge of American trainer Marc Fogel from Russian custody in alternate for Alexander Vinnik, a Russian nationwide accused of bitcoin-related fraud and cash laundering. A senior administration official confirmed the prisoner swap on February 12 in line with the New York Post.
Vinnik, arrested in Greece in 2017, was extradited to France and later america, the place he confronted costs associated to BTC-e, a now-defunct cryptocurrency alternate that processed over $9 billion in transactions.
He was convicted in France in 2020 for cash laundering and sentenced to 5 years in jail. In 2024, he pleaded responsible to conspiracy to commit money laundering earlier than a U.S. federal choose in San Francisco.
The U.S. Division of Justice had accused Vinnik of working BTC-e with out registering it as a cash providers enterprise, regardless of having quite a few American clients. Authorities cited the case as an illustration of the DOJ’s international attain in combating cybercrime.
Political and Diplomatic Implications
The alternate has drawn comparisons to previous high-profile prisoner swaps, together with President Joe Biden’s 2022 exchange of arms seller Viktor Bout for WNBA star Brittney Griner.
Fogel, who was held for 3 and a half years in Russia on marijuana-related costs, arrived within the U.S. on February 11, 2025. He was personally welcomed by President Trump on the White Home, the place he obtained a tour of the Lincoln Bed room.
Upon his return, Fogel expressed gratitude, stating, “I need you to know that I’m not a hero on this in any respect. And President Trump is a hero.”
In accordance with the report, Steve Witkoff, Trump’s Center East envoy, revealed that Saudi Arabia performed a job in facilitating the prisoner alternate. He famous that the settlement got here collectively within the days main as much as Fogel’s launch.
In the meantime, Vinnik stays in custody in northern California awaiting transport to Russia. The swap indicators ongoing diplomatic negotiations between Washington and Moscow, with Trump indicating that one other American detainee might be launched quickly, although no additional particulars have been offered.
A number of U.S. residents stay imprisoned in Russia, together with 72-year-old Stephen Hubbard, accused of combating alongside Ukrainian forces in opposition to Russia.
