Express

Russian Intelligence Agency Linked To Disappearance Of $450 Million In Cryptocurrency

Ramsey Baker

Summary: Russia’s intelligence agency the Federal Security Service (FSB) may be the reason for the disappearance of $450 million worth of cryptocurrency from an online exchange platform, the BBC has reported. It is believed that when the online exchange Wex went out of business it was due to the FSB. One of the site’s co-founders claimed ...

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

It is believed that when the online exchange Wex went out of business it was due to the FSB. One of the site’s co-founders claimed he was forced to give up information about customer’s digital wallets to the FSB in 2018. That information was then allegedly used to confiscate the cryptocurrency which users had saved on the platform, the total worth of which currently around $450 million.

By Ramsey Baker

Last Update:

Tags: ,,,
Link: Russian Intelligence Agency Linked To Disappearance Of $450 Million In Cryptocurrency   [Copy]
Next:

Related Articles

  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 14 hours ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 5 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 7 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 9 days ago
  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 12 days ago

    • You need to login to comment.