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The Russia News

May 27, 2022 6:31 pm

Michael Novakhov - SharedNewsLinks℠

Russia’s FSB Linked to $450M Bitcoin Disappearance – BBC – The Moscow Times

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Russia’s intelligence agency the Federal Security Service (FSB) could be behind the disappearance of $450 million worth of cryptocurrency from an online exchange platform, the BBC has reported.

The BBC investigation into how Wex, an online exchange for Bitcoin and other cryptocurrencies, went out of business in 2018 has revealed fresh links between the platform’s demise and Russia’s security services. 

One of the site’s co-founders told BBC News Russian he was forced to hand over information about customer’s digital wallets to individuals from the FSB in 2018. That information would enable them to seize the cryptocurrency which customers had saved on the platform — worth a total of around $450 million at the time.