Former chief of Russia’s Wex crypto alternate arrested in Poland

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BBC Russia has reported that Dmitry Vasiliev, the previous chief of Russian cryptocurrency alternate Wex, has been arrested in Warsaw, Poland.

Wex, which was beforehand generally known as BTC-e, was a well-known “darkish” alternate within the early days of the cryptocurrency business. It’s alleged to have laundered funds for quite a few excessive profile crypto hacks, together with the infamous Mt. Gox incident.

Though Vasiliev is considered harmless inside Poland’s jurisdiction, different international locations resembling Kazakhstan have an open fraud case in opposition to the elusive determine, and as such have reportedly engaged in discussions surrounding the potential for extradition to the nation.

It’s understood that Vasiliev was detained on the eleventh August by Polish authorities, however the information has solely at the moment been uncovered by Polish newspaper Wyborcza.

Vasiliev allegedly facilitated trades for Chinese language 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 number of months after Vinnik’s arrest, Vasiliev emerged as director of the rebranded alternate, Wex, which went on to cement its place within the checklist of Prime-10 exchanges, with a day by day buying and selling turnover of $80 million, by the calendar yr finish.

However simply over a yr later, Binance blacklisted Wex for alleged cash laundering practises — a call that might ultimately consequence within the demise of the alternate.

In 2019, Vasiliev was arrested by Italian authorities, however was quickly launched after it was revealed errors have been made within the extradition request. 

Associated: Information heart operators have ‘no downside’ with new Russian crypto crackdown

Not too long ago, the Financial institution 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.