In May 2024, Vinnik admitted conspiracy to commit money laundering. His lawyer, Arkady Bukh, said he pleaded guilty on a restricted number of charges which indicated a plea bargain to reduce his jail term to less than 10 years, amid the prospect that it could have been several times longer.

A Russian cybercriminal and crypto fraudster will be sent back to Moscow as part of a prisoner swap that on Tuesday brought American Marc Fogel home after more than three years in Russian custody. Alexander Vinnik in 2024 entered a guilty plea to conspiracy to commit money laundering.