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In Russia, the country’s first criminal case has been opened on the embezzlement of crypto-exchange funds.

Investigators of the Ministry of Internal Affairs are investigating the first criminal case in Russia on the embezzlement of funds and property of a crypto exchange. What happened? One of the actual owners of the trading platform, who controlled the movement of large amounts of cryptocurrency and transferred them to electronic wallets, withdrew part of the funds and appropriated them.

The suspect was detained at a private airfield hotel in the Moscow region. The detainee had cash in excess of 190 million rubles with him. The police also conducted 29 searches in the dwellings of the person involved in Moscow, St. Petersburg, Novosibirsk and Yala.

The police seized over 50 million rubles, $1 million, 70 thousand euros, computer equipment, hardware crypto wallets, luxury goods and documents. The detainee was charged and taken into custody. Also, an arrest was made on his account, a petition was sent to the court to seize the property of the accused. Its total value exceeds 2 billion rubles.

The theft of funds was allegedly committed by one of the actual owners of the online trading platform, who controlled the movement of large amounts in cryptocurrency and their transfer to electronic wallets.  Taking advantage of his position, he withdrew part of the funds and appropriated them.  The suspect was detained at a private airfield hotel in the Serpukhov city district of the Moscow region.  With him, the man had two travel suitcases with cash totaling more than 190 million rubles.

“At the same time, 29 searches were carried out in the homes of the defendant and his alleged accomplices in Moscow, St. Petersburg, Novosibirsk and Yalta.  More than 50 million rubles, one million US dollars, 70 thousand euros, expensive computer equipment, hardware crypto wallets, luxury items and documents of evidentiary value were seized,” said Irina Volk.

The attacker has already been charged, he is taken into custody.  In addition, as an interim measure to compensate for the material damage caused, the court seized the accounts of the defendant.  Also, a petition was sent to the court to seize the property of a man, the value of which exceeds 2 billion rubles.

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Treadstone 71

@Treadstone71LLC Cyber intelligence, counterintelligence, Influence Operations, Cyber Operations, OSINT, Clandestine Cyber HUMINT, cyber intel and OSINT training and analysis, cyber psyops, strategic intelligence, Open-Source Intelligence collection, analytic writing, structured analytic techniques, Target Adversary Research, cyber counterintelligence, strategic intelligence analysis, estimative intelligence, forecasting intelligence, warning intelligence, threat intelligence
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By Treadstone 71

@Treadstone71LLC Cyber intelligence, counterintelligence, Influence Operations, Cyber Operations, OSINT, Clandestine Cyber HUMINT, cyber intel and OSINT training and analysis, cyber psyops, strategic intelligence, Open-Source Intelligence collection, analytic writing, structured analytic techniques, Target Adversary Research, cyber counterintelligence, strategic intelligence analysis, estimative intelligence, forecasting intelligence, warning intelligence, threat intelligence