Finance
Polish police arrest former Russian crypto exchange boss wanted by US
Published by Global Banking & Finance Review®
Posted on December 6, 2024
1 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 6, 2024
1 min readLast updated: January 27, 2026
Polish police have arrested Dmitry V., a former Russian crypto exchange boss, wanted by the US for fraud and money laundering.
WARSAW (Reuters) - Polish police have detained a Russian citizen wanted in connection with fraud and money laundering while running a large cryptocurrency exchange, they said in a statement on Friday.
The man, named only as Dmitry V. due to Polish privacy laws, was detained on the basis of an extradition request from the United States, police said.
"Dmitry V. is suspected of numerous frauds, money transfers and money laundering in connection with running one of the largest cryptocurrency exchanges in the world," the police said in a statement.
"For the crimes the detained man is suspected of, he could face up to 20 years in prison in the U.S."
Polish daily Rzeczpospolita reported that Dmitry V. managed WEX, which was the largest cryptocurrency exchange in Russia until it collapsed in 2018.
"The man is in custody awaiting the completion of the entire procedure in connection with his extradition to the U.S.," a police spokesperson said.
(Reporting by Barbara Erling and Alan Charlish. Editing by Mark Potter)
The main topic is the arrest of a Russian crypto exchange boss in Poland, wanted by the US for fraud and money laundering.
Dmitry V. is a Russian citizen and former manager of the WEX crypto exchange, arrested for fraud and money laundering.
WEX was one of the largest cryptocurrency exchanges in Russia before its collapse in 2018.
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