Scandal at the WEX exchange: police put on the wanted list
Date: 2024-04-18 Author: Henry Casey Categories: IN WORLD
After many years of investigation, the investigation revealed the involvement of police in extortion from Alexey Bilyuchenko, known as the “red admin” of the WEX exchange. By threatening to force him to cooperate, they promised protection in a criminal case of embezzlement of funds from exchange clients.
The dark side of collaboration
For the period from March 2019 to October 2021, law enforcement officers forced the “red admin” to transfer billions of bitcoins and ethers to the wallets of Georgy Satyukov.
Revelations and pre-trial agreement
Thanks to a pre-trial agreement and admission of guilt, the “red admin” gave evidence about the actions of the police, including transfers of funds. He also assured that he did not plan to use client funds for personal enrichment.
International crime
The main figures of this scandal, Satyukov and Sokolov, are abroad, presumably in Dubai. Their whereabouts remain unknown, posing a challenge for Russian law enforcement agencies.
A Moscow court sentenced Bilyuchenko to 3.5 years in prison and a large fine. The decision is upheld, highlighting the seriousness of the crimes and the inquisitive look at criminal activity in the cryptocurrency space.
