Police in Greece have arrested a man wanted in the United States for allegedly running a massive Bitcoin-based money laundering operation, according to the Associated Press. Authorities say the 38-year-old Russian man was responsible for converting $4 billion in illicit, conventional cash into virtual currency.
The suspect hasn’t been publicly named, but Reuters got a picture of him being arrested. According to Reuters, he was arrested in the “Greek region of Chalkidiki on Monday on a US warrant.”
The news is a reminder that—like ordinary cash—Bitcoin has a wide variety of uses, both legitimate and illicit.
