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Russian Wanted by U.S. Over $4 Billion Bitcoin Crime Caught in Greece

The embossed word Bitcoin sits on the edge of Bitcoins stacked in this arranged photograph in Danbury, U.K., on Thursday, Dec. 10, 2015. Bitcoin, the digital currency, climbed on Wednesday to hit its highest levels since early November, amid fresh speculation that the identity of Satoshi Nakamoto -- the virtual currency's creator -- may have finally been revealed.
Photographer: Chris Ratcliffe/Bloomberg
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Thessaloniki, Greece (AP) -- A Russian man wanted in the United States on suspicion of masterminding a money laundering operation involving at least $4 billion through bitcoin transactions was ordered held in custody in Greece on Wednesday until a U.S. extradition request can be examined.

The 38-year-old, who has not been officially named, has denied any involvement. He was arrested Tuesday morning in northern Greece in cooperation with U.S. authorities, with police seizing electronic equipment, including mobile phones, two laptops and five tablets, from his hotel room.