PANews reported on December 3rd, citing DL News, that Russian prosecutors are seeking to seize a large amount of luxury assets belonging to Georgy Satyukov, a fugitive official from a secret service agency. He is accused of receiving $184 million worth of Bitcoin and $30 million worth of Ethereum as bribes from the operators of the now-defunct WEX cryptocurrency exchange. Investigators have identified assets worth $29.6 million related to Satyukov's alleged bribery. Prosecutors claim that Satyukov used the illicit funds to purchase 13 apartments in Russia, several non-residential properties in St. Petersburg, a villa in the UAE, and a million-dollar property in Saratov registered under his brother's name. Furthermore, the investigation found two Porsche Cayenne Turbo cars, seven Patek Philippe watches, and other jewelry worth over $1.3 million in his name, and over $15 million in cash and foreign currency in his family's bank accounts. The bribe allegedly originated from Alexey Ivanov, a former systems administrator at the WEX exchange, who sought Satyukov's help to evade criminal investigation. Satyukov and his former colleague, Dmitry Sokolov, are currently at large, and a Moscow court is preparing to try them in absentia. If convicted, their assets could be confiscated by the state. WEX took over the trading operations of BTC-e in 2017, after the latter collapsed in 2018 following the arrest of its founder, Alexander Vinnik, in Greece on fraud and money laundering charges.PANews reported on December 3rd, citing DL News, that Russian prosecutors are seeking to seize a large amount of luxury assets belonging to Georgy Satyukov, a fugitive official from a secret service agency. He is accused of receiving $184 million worth of Bitcoin and $30 million worth of Ethereum as bribes from the operators of the now-defunct WEX cryptocurrency exchange. Investigators have identified assets worth $29.6 million related to Satyukov's alleged bribery. Prosecutors claim that Satyukov used the illicit funds to purchase 13 apartments in Russia, several non-residential properties in St. Petersburg, a villa in the UAE, and a million-dollar property in Saratov registered under his brother's name. Furthermore, the investigation found two Porsche Cayenne Turbo cars, seven Patek Philippe watches, and other jewelry worth over $1.3 million in his name, and over $15 million in cash and foreign currency in his family's bank accounts. The bribe allegedly originated from Alexey Ivanov, a former systems administrator at the WEX exchange, who sought Satyukov's help to evade criminal investigation. Satyukov and his former colleague, Dmitry Sokolov, are currently at large, and a Moscow court is preparing to try them in absentia. If convicted, their assets could be confiscated by the state. WEX took over the trading operations of BTC-e in 2017, after the latter collapsed in 2018 following the arrest of its founder, Alexander Vinnik, in Greece on fraud and money laundering charges.
Russian prosecutors have applied to seize nearly $30 million in assets belonging to a former investigator involved in a WEX “cryptocurrency bribery” scandal.
PANews reported on December 3rd, citing DL News, that Russian prosecutors are seeking to seize a large amount of luxury assets belonging to Georgy Satyukov, a fugitive official from a secret service agency. He is accused of receiving $184 million worth of Bitcoin and $30 million worth of Ethereum as bribes from the operators of the now-defunct WEX cryptocurrency exchange. Investigators have identified assets worth $29.6 million related to Satyukov's alleged bribery. Prosecutors claim that Satyukov used the illicit funds to purchase 13 apartments in Russia, several non-residential properties in St. Petersburg, a villa in the UAE, and a million-dollar property in Saratov registered under his brother's name. Furthermore, the investigation found two Porsche Cayenne Turbo cars, seven Patek Philippe watches, and other jewelry worth over $1.3 million in his name, and over $15 million in cash and foreign currency in his family's bank accounts.
The bribe allegedly originated from Alexey Ivanov, a former systems administrator at the WEX exchange, who sought Satyukov's help to evade criminal investigation. Satyukov and his former colleague, Dmitry Sokolov, are currently at large, and a Moscow court is preparing to try them in absentia. If convicted, their assets could be confiscated by the state. WEX took over the trading operations of BTC-e in 2017, after the latter collapsed in 2018 following the arrest of its founder, Alexander Vinnik, in Greece on fraud and money laundering charges.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Wholecoiner Inflows to Binance Hit Cycle Lows, Signaling Reduced Sell Pressure
Wholecoiner inflows to Binance have reached cycle lows, according to on-chain analytics firm CryptoQuant, indicating a potential decrease in sell pressure for Bitcoin (BTC). This metric, tracking addresses holding at least 1 BTC, suggests shifting market dynamics that could support price stabilization or upward momentum.
Share
MEXC NEWS2025/12/15 20:49
Coinbase Vs. State Regulators: Crypto Exchange Fights Legal Fragmentation
US-based crypto exchange Coinbase has made a significant appeal to the Department of Justice (DOJ) regarding a wave of lawsuits aimed at its operations. The company is urging federal action to address what it describes as an “increasingly fragmented and hostile” regulatory landscape for the crypto market. Coinbase Urges Federal Action In a recent letter, Coinbase highlighted the steps taken by the current Administration to create a more equitable framework for digital asset regulation. This includes the introduction of stablecoin legislation and two pending bipartisan market-structure bills aimed at fostering uniformity in the oversight of cryptocurrencies. Coinbase argues that these initiatives have begun to mitigate the adverse effects of the previous Administration’s enforcement-driven regulatory approach. However, the company warns that certain states are perpetuating this problematic trend by adopting “expansive and flawed” interpretations of securities laws and implementing new licensing requirements that undermine the federal government’s pro-innovation stance. Related Reading: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow They make an example with the Oregon Attorney General, who has filed a lawsuit against Coinbase, claiming that many digital assets traded on its platform qualify as alleged unregistered securities. The letter affirms that the suit not only targets Coinbase but also encourages other states to address what the Attorney General perceives as a regulatory gap left by federal authorities. Similarly, the New York Attorney General has initiated legal action to regulate transactions involving digital assets based on decentralized protocols as securities, further complicating the regulatory environment. Coinbase has faced cease-and-desist orders from four states, which demand the company halt its retail staking services. These orders are deemed by Coinbase as “legally unfounded and inconsistent.” Unified Framework For Digital Assets In light of these challenges, the letter to the DOJ calls for urgent federal intervention to establish broad preemption provisions. The crypto exchange argues that preemption has historically been an effective tool for addressing state interference in national markets, referencing past Congressional actions. Coinbase contends that the current patchwork of state regulations not only disrupts market efficiency but also leads to unequal access to cryptocurrency services based on geographic location. Related Reading: Citi’s Ethereum Forecast: No New All-Time High Expected, Year-End Target At $4,300 To remedy these issues, Coinbase advocates for Congress to adopt legislation that would exempt federally regulated digital assets from state blue-sky laws and clarify that state licensing requirements do not apply to crypto intermediaries. Additionally, the company urges the SEC to expedite rulemaking and provide clearer guidance on why digital asset transactions and services, including staking, should not be classified as securities. Such clarity would help prevent states from imposing conflicting regulations based on their interpretations of securities laws. Featured image from Shutterstock, chart from TradingView.com
Share
NewsBTC2025/09/18 15:00
Crypto Fear & Greed Index Hits 16, Currently in ‘Extreme Fear’
The Crypto Fear & Greed Index has plummeted to 16, entering 'extreme fear' territory and reflecting heightened anxiety among investors amid ongoing market volatility. This low reading suggests potential buying opportunities for contrarians, as historical patterns show such fear levels often precede recoveries in cryptocurrencies like Bitcoin (BTC).
Share
MEXC NEWS2025/12/15 20:53