Crypto Exchange Wex Has A New Owner
The cryptocurrency exchange WEX seems to have a new owner. WEX is known as the successor of the BTC-e exchange, involved in different controversies in the past. Dmitry Havchenko took the decision to purchase this virtual currency exchange through a family member.
Wex is operated by the Singapore-based World Exchange Services and has been acquired by Havchenko’s daughter, Darya. The information was released by BBC Russian Service. Havchenko is an entrepreneur and also a separatist fighter that was present in the conflicts in the eastern part of Ukraine, more specifically in the region of Donbass.
The crypto exchange Wex has been out of service for several months and registered very limited activity. Moreover, there are just a few coins available for trading. There were several users that informed the police that they are not able to withdraw their funds from the platform.
WEX is also the successor of the BTC-e crypto exchange, one of the largest trading platform in Russia. The WEX platform was launched again back in September 2017. Indeed, it was able to be among the top 20 largest crypto trading platforms in the market.
World Exchange Services denied connections with the previous operator that was located in Seychelles and it was known as Canton Business Corp. World Exchange Services was reportedly registered by one of its clients, Dmitry Vasiliev.
It is also important to mention that BTC-e has been used to launder funds from the Mt. Gox hack. This is why the co-owner of the exchange, Alexander Vinnik, was arrested a few months ago in Greece and it is waiting to be extradited.
Havchenko wants to establish the exchange in Crimea, the Autonomous Republic that was recently taken by Russia. He has also told BBC that they aim at providing services to other unrecognized pro-Russian entities such as Donetsk, Lugansk, Transnistria and many others.
The platform has also promised to restore the funds that Wex users lost in the platform. In order to do so, Havchenko commented that they have a group of lawyers and collectors working on this issue. Nevertheless, he did not give information about when the platform could be open and running once again.
The exchange was working with 15 different entities in a wide range of offshore jurisdictions. Some of these places include Cyprus, Belize or even the National Investment Bank of Mongolia.
Another important goal set by the Ukrainian entrepreneur is to track down the digital funds that disappeared when the exchange BTC-e went offline. Apparently, the amount of money from this fund, which is called ‘Vinnik’s treasure’ could range from $150 to $500 million.
Until now, neither the U.S. nor other investigators were able to find Vinnik’s treasure.