The post Polish Police Arrest Russian Tied to WEX Exchange Fraud appeared on BitcoinEthereumNews.com.

Polish police arrested Dmitry V., linked to the WEX exchange, for fraud and money laundering amid U.S. extradition proceedings. Polish police have arrested a Russian man, Dmitry V., who is connected to the defunct WEX crypto exchange. This arrest took place in the Wola district of Warsaw. The operation was carried out by an elite unit called the “Shadow Hunters” from the Central Bureau of Police Investigation (CBŚP). The arrest was made in response to an extradition warrant from the U.S. Department of Justice. He is suspected of fraud and money laundering connected with WEX, one of the largest crypto exchanges in Russia, before its shutdown in 2018. U.S. authorities claim that if Dmitry V. is found guilty, he could be sentenced to serve a maximum of 20 years in jail. The exchange called WEX has crumbled, resulting in enormous losses amounting to hundreds of millions of U.S. dollars. Some sources claim that the exchange can be involved in money laundering related to political confrontation. Some Polish outlets have even speculated that the individuals connected to the Kremlin may have used WEX to finance some operations, potentially even military ones connected with the Russian aggression in Ukraine. Arrest in Poland Highlights Ongoing Efforts Against Crypto Crime This is not the first time Dmitry V. has been arrested in Poland. He was arrested in Warsaw Chopin Airport in 2021 at the Kazakh authorities’ request. But he was set free after spending a few weeks because of legal complications involved in extradition. That he was later apprehended in Warsaw could mean that he was living in Poland incognito for some time. Dmitry V. has also been linked with other cases of global occurences. He was arrested in Italy in 2019 but let out due to legal blunders in extradition. He was arrested…

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Filed under: News - @ December 10, 2024 2:14 am