Following an extradition request submitted by the USA Division of Justice, a former CEO of the Russian cryptocurrency platform WEX, recognized underneath the pseudonym Dmitry V., was reportedly arrested by Polish authorities.
WEX, infamous for working with minimal id verification and facilitating transactions linked to cryptocurrency thefts, together with the Mt. Gox hack, has left a darkish legacy.
The platform reportedly dealt with over $9 billion in transactions and served greater than one million customers globally, together with a big consumer base in the USA.
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WEX’s collapse was marked by the disappearance of roughly $450 million in funds.
Dmitry V. is accused of partaking in fraudulent actions and cash laundering throughout his tenure at WEX.
He was initially detained in Poland in August 2021 however was launched after 40 days following a courtroom ruling. A 12 months later, in the summertime of 2022, Interpol arrested him at Zagreb Airport in Croatia in response to an extradition request from Kazakhstan.
In keeping with a spokesperson for the Polish police, Dmitry V. stays in custody whereas authorized proceedings concerning his extradition unfold.
Ought to he be extradited to the USA, he might face expenses that carry a most penalty of 20 years in jail.
The crackdown on crypto-related crimes doesn’t cease with WEX. Only recently, a crypto Ponzi scheme promoter confronted a hefty jail sentence for defrauding traders. What led to this downfall? Learn the complete story.
Having accomplished a Grasp’s diploma in Economics, Politics, and Cultures of the East Asia area, Aaron has written scientific papers analyzing the variations between Western and Collective types of capitalism within the post-World Struggle II period.With near a decade of expertise within the FinTech business, Aaron understands all the greatest points and struggles that crypto fanatics face. He’s a passionate analyst who is anxious with data-driven and fact-based content material, in addition to that which speaks to each Web3 natives and business newcomers.Aaron is the go-to particular person for every thing and something associated to digital currencies. With an enormous ardour for blockchain & Web3 training, Aaron strives to remodel the area as we all know it, and make it extra approachable to finish newcomers.Aaron has been quoted by a number of established shops, and is a printed creator himself. Even throughout his free time, he enjoys researching the market developments, and in search of the following supernova.
