Polish Police Arrested Crypto Kingpin For $450M WEX Exchange Fraud

The post Polish Police Arrested Crypto Kingpin For $450M WEX Exchange Fraud appeared first on Coinpedia Fintech News Polish Police have detained Dmitry V., a 37-year-old Russian citizen, suspected of fraud and money laundering connected to the collapse of the WEX cryptocurrency exchange. Known as the “Crypto King,” Dmitry V. is believed to be Dmitry Vasiliev, WEX’s former CEO. The arrest was carried out by Poland’s elite Central Bureau of Police Investigation following a U.S. extradition request. Vasiliev allegedly oversaw WEX’s operations until its collapse in 2018, which saw $450 million in customer funds vanish. If extradited to the U.S., Vasiliev could face up to 20 years in prison for his role in what authorities describe as significant crypto-related crimes.