Following an extradition request submitted by the US Division of Justice, a former CEO of the Russian cryptocurrency platform WEX, recognized as 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 person base in the US.
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WEX’s collapse was marked by the disappearance of roughly $450 million in funds.
Dmitry V. is accused of participating 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 yr later, in the summertime of 2022, Interpol arrested him at Zagreb Airport in Croatia in response to an extradition request from Kazakhstan.
In response to a spokesperson for the Polish police, Dmitry V. stays in custody whereas authorized proceedings relating to his extradition unfold.
Ought to he be extradited to the US, he may face expenses that carry a most penalty of 20 years in jail.
The crackdown on crypto-related crimes doesn’t cease with WEX. Only in the near past, a crypto Ponzi scheme promoter confronted a hefty jail sentence for defrauding traders. What led to this downfall? Learn the total 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 Battle II period.With near a decade of expertise within the FinTech business, Aaron understands the entire largest points and struggles that crypto fans 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 individual for every thing and something associated to digital currencies. With an enormous ardour for blockchain & Web3 training, Aaron strives to rework the house as we all know it, and make it extra approachable to finish inexperienced persons.Aaron has been quoted by a number of established shops, and is a broadcast creator himself. Even throughout his free time, he enjoys researching the market traits, and on the lookout for the following supernova.
