Russian Ministry Officials ‘Took BTC, ETH Bribes from Crypto Exchange Exec’
Russian Ministry of Inner Affairs police took a $53.2 million Bitcoin and also ETH bribe from a crypto fair executive, a substantial newspaper in the suv asserted this week.
Per Kommersant, the police were named Georgy Satyukov and also Dmitry Sokolov, workers at “one of the ministry’s most key divisions.”
The media electric outlet and also substantial Russian Telegram news channels asserted the duo functioned at the Bureau of Unforgettable Geeky Coatings. The bureau is presumably codenamed “Division K.”
Records claim the duo brought their bribes in crypto over a period from March 19 to October 2021.
Russian Ministry of Inner Affairs Rocked by Crypto Bribe Allegations
Telegram news channels asserted Division K is a key cyber crime interrogation unit. The unit shows up to have been investigating the BTC-e crypto fair.
A computer system wizard named Alexander Vinnik founded BTC-e. Vinnik functioned at the firm from 2011 to 2017. He was arrested in Greece in 2017 on rip-off and also silver laundering penalties.
Media electric outlets defined that a Singapore-based firm named Wex appropriated BTC-e corporation operations. But, anxieties proceeded to be over what have to collar place startling BTC-e patron subsidizes.
Law enforcers presumably believe a Wex executive named Alexey Ivanov readily available Satyukov and also Sokolov Bitcoin and also Ethereum coins to “retain” him from a police probe.
Officers presumably believe Ivanov sent out Satyukov and also Sokolov a integrated wrap up amount of BTC 2,200 and also “more than ETH 10,000 thousand.”
The media electric outlets asserted the silver “was sent wearing Sokolov to cryptocurrency wallets clutched by Satyukov.”
German police blockage two individuals mistrusted of espionage for Russia and also registration of a horror team planning deportments of sabotage versus military and also saleable landmarks https://t.co/nKRj62Obb6
— Bloomberg (@corporation) April 18, 2024
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Kommersant asserted the duo had been arrested “in absentia” after running away the suv. An unnamed resource asserted they were residing in Dubai, wearing one living in an apartment in the Burj Khalifa – the earth’s highest anatomy.
The media electric outlet asserted that investigatives had “learned around the suppositional corruption in the department of the Ministry of Inner Affairs” from Ivanov.
The last was crook of embezzling silver from a crypto fair in 2023. Kommersant asserted Ivanov had particularized to offer precisions in a “pre-trial arrangement” wearing the First Deputy Prosecutor-Basic Anatoly Razinkin.
Satyukov, the media electric outlet lingered, is a previous “head of a department that counteracts IT-relevant crook activities in the credit and also economic field.”
The newspaper concocted that, if the duo were guilty, this would conceivably be a brand name-modern paper for a bribery shell in Russia.
The previous “holder” of this “paper” was another interior ministry police, Colonel Dmitry Zakharchenko. The last was incarcerated for 13 years in 2019 after snatching a bribe worth nearly $15 million.
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Media analysts asserted there was “a false impression that bribes or any fraudulent deeds that render utilise cryptocurrency cannot be tracked” in Russia. As such, several corrupt police “proactively utilise” crypto.
BFM approximated the Co-chairman of the Russian Association of Cryptocurrency and also Blockchain Alexander Treshchev as asserting:
“There is nice stress and anxiety around the lawful status of cryptocurrency in Russia, even though there are at least 1.5 to 2 million crypto traders in this suv. Few of them recognize anything around whether [crypto trading] is lawful. They don’t recognize what can be snatched on out, and also what cannot be snatched on out.”
⚡️ Russian Federal government Crypto Chief: Mining Statute Is Our Priority
The Russian government’s crypto kneading team chairman opines Bitcoin (BTC) mining ordinance is now a priority for Moscow.#CryptoNews #newshttps://t.co/Gqdg4vwnZB
— Cryptonews.com (@cryptonews) April 9, 2024
Treshchev added:
“As we can plainly see, law enforcement execs have embarked to recognize what crypto wallets are and also how to transmit [coins]. But they are still merely as naive as every man else in that they carry out not recognize that every single purchase is deducible [on blockchain networks].”
Russia’s lack of crypto ordinance possesses come to be a thorn in Moscow’s side. Earlier this year, the Economic Reaction Job-related Brunt (FATF) downgraded Russia’s conformity rating due to its “poverty-stricken ordinance of virtual assets and also cryptocurrencies.”
Politicians and also main economic institutions have asserted they are close to issuing a draft crypto ordinance bill, wearing saleable miners urging a sooner rollout for instruction.
Earlier this week, anti-corruption police in Ukraine decreed that a serving lawmaker will stand trial after presumably attempting to bribe a public police wearing Bitcoin.
