Former chief of Russia’s Wex crypto exchange arrested in Poland
BBC Russia has reported that Dmitry Vasiliev, the previous chief of Russian cryptocurrency exchange Wex, has been arrested in Warsaw, Poland.
Wex, which was beforehand often called BTC-e, was a well-known “dark” exchange within the early days of the cryptocurrency business. It is alleged to have laundered funds for quite a few excessive profile crypto hacks, together with the infamous Mt. Gox incident.
Although Vasiliev is thought to be harmless inside Poland’s jurisdiction, different nations corresponding to Kazakhstan have an open fraud case in opposition to the elusive determine, and as such have reportedly engaged in discussions surrounding the opportunity of extradition to the nation.
It is known that Vasiliev was detained on the eleventh August by Polish authorities, however the information has solely at this time been uncovered by Polish newspaper Wyborcza.
Vasiliev allegedly facilitated trades for Chinese buyers as an worker for BTC-e up till its closure in the summertime of 2017. Alexander Vinnik, the alleged head of BTC-e, was charged for laundering over $4B in Bitcoin over six years. He was subsequently arrested in Greece, and was the topic of an investigation by US authorities.
A couple of months after Vinnik’s arrest, Vasiliev emerged as director of the rebranded exchange, Wex, which went on to cement its place within the record of Top-10 exchanges, with a every day buying and selling turnover of $80 million, by the calendar yr finish.
But simply over a yr later, Binance blacklisted Wex for alleged cash laundering practises — a choice that will ultimately end result within the demise of the exchange.
In 2019, Vasiliev was arrested by Italian authorities, however was quickly launched after it was revealed errors have been made within the extradition request.
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Recently, the Bank of Russia started collaborating with native banks to droop its residents funds to crypto exchanges, citing buyer safety from “emotional” purchases as the explanation for enforced intervention.