Dmitry Vasilyev, the former chief executive of the Russian cryptocurrency exchange Weeks, has been detained in Warsaw, according to Polish media. Vasilyev Wanted in Kazakhstan where there are allegations of fraud against him regarding the successor to the now dilapidated trading platform, the infamous BTC-E Exchange.
Former Wax Executive Prosecutor’s Office in Polish Custody
Dmitry Vasilyev, a former owner and chief executive of Vex, was detained at Warsaw airport on August 11, the leading Polish newspaper Gazeta Vibarkza reported this week. According to the publication, the lar-aged Belarusian man has been detained for 400 days.
Poland’s National Public Prosecutor’s Office is now considering his extradition to Kazakhstan. Authorities in the Central Asian country have been searching for Vasilyev through Interpol for several years as part of an ongoing investigation into allegations of fraud.
The BBC Russian Service reported on the case that Polish police declined to comment on the details of the case. However, rumors of Vasilyev’s detention have been circulating among Wex’s clients since August, and a close aide has confirmed to the BBC that he was in Polish custody.
This is not the first arrest of Dmitry Vasilyev in Europe. Two years ago, he was detained in Italy but was eventually able to return to the Russian Federation, where he lived permanently in St. Petersburg. Italian authorities released him after weeks of detention, citing errors in his extradition request.
Dmitry Vasilyev’s BTC-E connection
Wex, once the world’s largest Russian-speaking crypto trading platform, was launched in the fall of 2017 as the successor to BTC-e. The infamous exchange closed in Greece after the arrest of its alleged operator, Alexander Vinik. The United States has accused Vinick of smuggling up to 9 9 billion through BTC-e. In December, a French court sentenced him to five years in prison.
According to Russian business news portal RBC, Wax reached a daily turnover of 80 800 million before going offline. In 2018, its operator, the Singapore-based entity World Exchange Service, was sold to Dmitry Havchenko, an entrepreneur from Kiev who became a separatist fighter in eastern Ukraine. When Dmitry Vasilyev was the official owner of the company, the BBC claimed that Wix was in fact Alexei Biluchenko, Vinic’s partner in BTC-E.
After being in and out of service for several months, during which it changed its web address several times, Wax stopped withdrawing in the summer of 2018 and later went bankrupt. According to estimates by a group of Weeks users quoted by Forklog, the total loss exceeded $ 400 million, Vasilyev himself suspected of raising 200 200 million. He was wanted in Kazakhstan when a businessman from Almaty returned to a local law enforcement agency, accusing a Belarusian of stealing $ 20,000 worth of funds through WEX.
According to the report, 100 ETH waxes were recently withdrawn from a wallet with a balance of more than 9,900 ethers. The digital currency has been transferred to Bananas, the first such transaction in the last three years. In 2018, the world’s top crypto exchange blocked an account that received 93,000 ETH from a wallet associated with Wax.
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