Russian crypto exchange CEO was detained by Polish police due to fraud and money laundering; the perpetrator will be extradited to the United States.
Police in Poland have arrested Dmitriv Vasiliev because of the breaking of Polish privacy laws. This case was connected with fraud and money laundering while running the crypto exchange.
Vasiliev managed WEX, the largest cryptocurrency exchange in Russia, which getting collapsed 6 years ago. This arrest was an ordered issue from Warsaw District Persecutors Office, and he will extradited to the U.S. very soon.
“Dmitry V. is suspected of numerous frauds, money transfers and money laundering in connection with running one of the largest cryptocurrency exchanges in the world,”
the policed stated, according to Reuters report
In August 2021, he was detained at the Poland’s airport as a request from Kazakhstan. A few weeks later, he was released and returned to Russia.
Vasiliev, who was called the “Crypto King”, reentered the country and remained undetected for quite a long time, at least 3 years after he returned to Russia.
Crypto cases before Poland arrest Russian exchange CEO
In the past month, there have been a few ongoing crypto cases, including those of police departments across the world. Recently, a Delhi officer detained a West Bengal resident who hacked and drained $235 million from the exchange WazirX.
The cops seized three laptops from the exchange and traced the authorized signature to approve the transactions. After long-awaited investigations, SK Masud Alam was arrested earlier this month.
The Malaysian police department has successfully traced $1.6 million in kidnapping ransom paid in collaboration with Binance exchange. Binance Financial Intelligence Unit utilized advanced blockchain to trace crypto paid to the kidnappers and recover a significant portion of the ransom.
