The scandal around the sanctioned crypto broker Suex is growing in Russia where one of the co-founders of the OTC platform has been removed from his managerial position at a bank. Meanwhile, a drug organization referred the case to the Home Office and the central bank, asking authorities to investigate Suex’s links to financial firms and a darknet market operating in the region.
Co-founder of Suex fired by MTS Bank, another job leaves Chatex
Russian entrepreneur and financial executive Vasily Zhabykin, one of the founders of struggling crypto broker Suex, has been dismissed from his executive role at MTS Bank, where he was leading the innovative Neo bank project, Kommersant reported. . Citing a source familiar with the matter, the main Russian business daily added that the dismissal was due to US sanctions imposed on the platform’s alleged money laundering operations.
The news comes after one of Zhabykin’s partners at Suex, co-owner Egor Petukhovsky, announced that he was leaving crypto exchange bot Chatex, a company linked to Suex. In a Facebook post published on Friday, Petukhovsky reacted to what he called the “discredential media campaign,” saying that neither he, nor any affiliated company, had ever engaged in any illegal activity.
“I intend to firmly defend my name in litigation in the United States of America,” revealed the co-founder of Suex.
Besides Zhabykin and Petukhovsky, other people suspected of being associated with the cryptocurrency broker include Ildar Zakirov, Maxim Subbotin, Maxim Kurbangaleev, who has denied any direct involvement, and Czech venture capitalist Tibor Bokor, who is believed to be the one of the leaders of Suex with Zhabykin. The platform is incorporated in the Czech Republic under the name Suex OTC sro, but would operate from physical offices in the Russian Federation, including branches in the capital Moscow and St. Petersburg.
Stopnarkotik urges Russian authorities to investigate suspected partners of Suex Exmo, Qiwi, Concord Bank
Meanwhile, the All-Russian public movement Stopnarkotik has informed the Central Bank of Russia and the Interior Ministry of Suex’s alleged ties to Exmo, a major cryptocurrency exchange in Eastern Europe, the financial services firm Qiwi, one of the leading payment providers in Russia. , CIS countries and Concord Bank based in Ukraine.
An investigation by the organization, which is dedicated to curbing the spread of narcotics in the country, also determined that Suex was involved in money laundering for the largest darknet market and drug trafficking platform in the region, Hydra, which has an annual turnover of at least $ 1.5 billion in the Russian Federation alone.
According to Kommersant, Stopnarkotik has asked the Bank of Russia to verify the operations of Suex, Exmo and Qiwi in Russia and to consider blocking payments from Russian residents to the Ukrainian bank. He also called on the Home Office to check all the facts and hold everyone involved to account. The newspaper took note of the official requests filed with the two institutions.
Exmo rejected the allegations of involvement in Seux’s activities and pointed out that Egor Petukhovsky is not a co-founder of the exchange and has never been part of its management. The company noted that he had no family ties to Exmo founder Ivan Petukhovsky, despite their last names being coincident. Speaking to Forklog earlier this week, Exmo Director of Development Maria Stankevich confirmed that Suex had made some of his first transactions through the exchange, but insisted that “there is nothing illegal to that “.
Qiwi said the information about his ties to the other companies and the Ukrainian bank mentioned by Stopnarkotik does not correspond to reality. The financial services group, which represents platforms such as Qiwi Kiosks, Qiwi Wallet and Qiwi Bank in Russia and the region, stressed that it operates under Russian law and does not carry out activities such as those described in the documents.
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