PANews reported on December 3rd, citing DL News, that Russian prosecutors are seeking to seize a large amount of luxury assets belonging to Georgy Satyukov, a fugitive official from a secret service agency. He is accused of receiving $184 million worth of Bitcoin and $30 million worth of Ethereum as bribes from the operators of the now-defunct WEX cryptocurrency exchange. Investigators have identified assets worth $29.6 million related to Satyukov's alleged bribery. Prosecutors claim that Satyukov used the illicit funds to purchase 13 apartments in Russia, several non-residential properties in St. Petersburg, a villa in the UAE, and a million-dollar property in Saratov registered under his brother's name. Furthermore, the investigation found two Porsche Cayenne Turbo cars, seven Patek Philippe watches, and other jewelry worth over $1.3 million in his name, and over $15 million in cash and foreign currency in his family's bank accounts. The bribe allegedly originated from Alexey Ivanov, a former systems administrator at the WEX exchange, who sought Satyukov's help to evade criminal investigation. Satyukov and his former colleague, Dmitry Sokolov, are currently at large, and a Moscow court is preparing to try them in absentia. If convicted, their assets could be confiscated by the state. WEX took over the trading operations of BTC-e in 2017, after the latter collapsed in 2018 following the arrest of its founder, Alexander Vinnik, in Greece on fraud and money laundering charges.PANews reported on December 3rd, citing DL News, that Russian prosecutors are seeking to seize a large amount of luxury assets belonging to Georgy Satyukov, a fugitive official from a secret service agency. He is accused of receiving $184 million worth of Bitcoin and $30 million worth of Ethereum as bribes from the operators of the now-defunct WEX cryptocurrency exchange. Investigators have identified assets worth $29.6 million related to Satyukov's alleged bribery. Prosecutors claim that Satyukov used the illicit funds to purchase 13 apartments in Russia, several non-residential properties in St. Petersburg, a villa in the UAE, and a million-dollar property in Saratov registered under his brother's name. Furthermore, the investigation found two Porsche Cayenne Turbo cars, seven Patek Philippe watches, and other jewelry worth over $1.3 million in his name, and over $15 million in cash and foreign currency in his family's bank accounts. The bribe allegedly originated from Alexey Ivanov, a former systems administrator at the WEX exchange, who sought Satyukov's help to evade criminal investigation. Satyukov and his former colleague, Dmitry Sokolov, are currently at large, and a Moscow court is preparing to try them in absentia. If convicted, their assets could be confiscated by the state. WEX took over the trading operations of BTC-e in 2017, after the latter collapsed in 2018 following the arrest of its founder, Alexander Vinnik, in Greece on fraud and money laundering charges.

Russian prosecutors have applied to seize nearly $30 million in assets belonging to a former investigator involved in a WEX “cryptocurrency bribery” scandal.

2025/12/03 23:37

PANews reported on December 3rd, citing DL News, that Russian prosecutors are seeking to seize a large amount of luxury assets belonging to Georgy Satyukov, a fugitive official from a secret service agency. He is accused of receiving $184 million worth of Bitcoin and $30 million worth of Ethereum as bribes from the operators of the now-defunct WEX cryptocurrency exchange. Investigators have identified assets worth $29.6 million related to Satyukov's alleged bribery. Prosecutors claim that Satyukov used the illicit funds to purchase 13 apartments in Russia, several non-residential properties in St. Petersburg, a villa in the UAE, and a million-dollar property in Saratov registered under his brother's name. Furthermore, the investigation found two Porsche Cayenne Turbo cars, seven Patek Philippe watches, and other jewelry worth over $1.3 million in his name, and over $15 million in cash and foreign currency in his family's bank accounts.

The bribe allegedly originated from Alexey Ivanov, a former systems administrator at the WEX exchange, who sought Satyukov's help to evade criminal investigation. Satyukov and his former colleague, Dmitry Sokolov, are currently at large, and a Moscow court is preparing to try them in absentia. If convicted, their assets could be confiscated by the state. WEX took over the trading operations of BTC-e in 2017, after the latter collapsed in 2018 following the arrest of its founder, Alexander Vinnik, in Greece on fraud and money laundering charges.

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Bitcoin ETFs Record Strongest Inflows Since July, Push Holdings to New High

Bitcoin ETFs Record Strongest Inflows Since July, Push Holdings to New High

The post Bitcoin ETFs Record Strongest Inflows Since July, Push Holdings to New High appeared on BitcoinEthereumNews.com. In brief Bitcoin ETPs saw a net inflow of 20,685 BTC last week, driven mostly by U.S. ETFs. The recent uptick in investor risk appetite is driven by rate cut expectations and new crypto IPOs. Despite institutional demand outpacing new Bitcoin supply, realized and implied volatility remain historically low. Bitcoin exchange-traded products globally logged net inflows of 20,685 BTC last week, the strongest weekly intake since July 22, according to digital assets firm K33 Research. The renewed momentum lifted U.S. spot bitcoin ETFs’ combined holdings to 1.32 million BTC, surpassing the previous peak set on July 30. U.S. Bitcoin ETF products contributed nearly 97% of last week’s 20,685 BTC ETP inflows, highlighting the surge in demand ahead of the FOMC meeting.  Bitcoin ETF inflows “tend to be one of the key determinants of Bitcoin’s performance,” André Dragosch, head of research for Europe at Bitwise Investments, told Decrypt, adding that the “percentage share of Bitcoin’s performance explained by changes in ETP flows” has reached a new all-time high. Compared with Ethereum ETF flows, “there appears to be a ‘re-rotation’ from Ethereum back to Bitcoin in terms of investor flows,” Dragosch said, citing their data. “Over the past week, flows into Bitcoin ETFs have surpassed new supply growth by a factor of 8.93 times, a key tailwind for Bitcoin’s recent performance.”  Analysts at K33 agree, writing that flows have been a key driver of bitcoin’s strength since ETF approvals earlier last year, and the latest surge signals an acceleration in demand that could underpin further price support. In the last 30 days, investors accumulated roughly 22,853 BTC via various products, outpacing the new supply of 14,056 BTC. This rising risk appetite for Bitcoin has supported the recent recovery, Bitwise noted in its Monday report. Fidelity’s FBTC product accounted for a substantial…
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BitcoinEthereumNews2025/09/18 10:19