Vilnius court returns German’s €23 million crypto mining case to prosecutors

  • Prosecutors dropped money laundering and bribery suspicions against Vilhelm German.
  • €23 million in mining equipment underpins the separate case returned to prosecutors.
  • Vilnius court gave prosecutors six months to correct two procedural deficiencies.

Lithuanian prosecutors ended money laundering and bribery suspicions against Vilhelm German, citing insufficient evidence and exhausted investigative avenues. Separately, the Vilnius City District Court returned a €23 million cryptocurrency mining case to the Prosecutor General’s Office after upholding defense objections over improper automated translations and unexamined key witnesses. Prosecutors have six months to correct the deficiencies. The mining case, separated from the wider Foxpay investigation in December 2025, concerns allegations that German and three others fraudulently acquired cryptocurrency mining equipment valued at more than €23 million. German denies wrongdoing and says the matter is a commercial dispute already subject to arbitration. All four defendants remain presumed innocent, and the court’s decision was not an acquittal.

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