Vlad Nistor, the founder of the Romanian stock exchange Coinflux, will be extradited to the United States. It is reported by local media company Mediafax.

As previously reported, Nistor was arrested in December at the request of U.S. authorities. Coinflux Bank accounts were frozen. The founder of the exchange is accused of fraudulent activity, participation in organized criminal activity and money laundering.

As reported by Mediafax, the lawyer accused the Governor of Panzar protested against the extradition, arguing that the conditions of judicial cooperation between Romania and the United States were not fulfilled. Also, the lawyer is sure that Nistor wrongly accused of crimes committed in the US other Romanian citizens.

According to Panzar, the fraudsters initially converted income in bitcoins in the U.S., therefore, that there has been an actual money laundering. Then, other people started to convert BTC back into Fiat currency at the exchange Coinflux in Romania. Thus, Nistor could not know that it was money obtained by illegal means.

CoinFlux was founded in 2015. On the exchange traded bitcoin, Ethereum, Litecoin and XRP.

Recall, last spring due to problems with the banking service closed Romanian crypto currency exchange BTCxChange.