Lawyer for Alexander Vinnik has said that a district court in Cyprus has withdrawn their lawsuit on charges “of fraud, money laundering and other crimes”

The district court of Cyprus has withdrawn its charges of “fraud, money laundering and other crimes” levied against defunct cryptocurrency exchange BTC-e operator Alexander Vinnik. According to Vinnik’s lawyers, the plaintiff’s will even be liable for the cost of his legal defense.

A statement released reads that “the vulnerability of the legal position of the plaintiffs and their unwillingness to bring to open legal proceedings” caused the case to collapse on itself.

However, Vinnik’s legal troubles are far from over, as the courts will consider France’s request for extradition, with the same charges awaiting him there.

Also read: Malaysia will enact regulations for crypto and ICO in Q1 2019