The former CEO of the Russian encryption exchange WEX was arrested in Poland and will be extradited to the United States

Odaily Planet Daily News According to the extradition request from the US Department of Justice, the Polish authorities have arrested the former CEO of the Russian Cryptocurrency exchange WEX in downtown Warsaw. Reuters and Polish media Rzeczpospolita reported on December 6 that the man, identified by local law as Dmitry V., is suspected of engaging in fraud and money laundering activities during his management of WEX (the successor to BTC-e), which was the largest cryptocurrency exchange in Russia and collapsed in 2018. A spokesman for the Polish police said, "The man is currently detained, waiting for the entire extradition process to be completed." The spokesman added that if extradited to the United States, Dmitry V may face charges carrying a maximum of 20 years in prison. WEX is a famous “Darknet” exchange, with almost no identity checks and receiving a large amount of funds from Cryptocurrency Hacker incidents, including the early Cryptocurrency exchange Mt.Gox. During its operation, WEX processed over 9 billion US dollars in transactions from more than 1 million users, including many American users. In May, WEX (formerly known as BTC-e) former head Alexander Vinnik admitted to conspiring Money Laundering from 2011 to 2017. Vinnik was arrested in Greece in July 2017 while on vacation and was extradited to the United States in 2022. Prior to being extradited to the United States, he served two years in a French prison. (Cointelegraph)