Andriy Saranenko

Bohdan Prylepa, the owner of cryptocurrency exchanges Coinsbit, Qmall, and other platforms, has been added to Ukraine’s wanted list on charges of large-scale fraud and embezzlement of over one billion hryvnias of clients’ funds. The victims are said to include citizens from several European countries, with the stolen money allegedly meant for purchasing drones for the Ukrainian Armed Forces. Ukrainian authorities are now working with European investigators, and Prylepa is believed to be hiding in Dubai.

Bohdan Prylepa, the owner of cryptocurrency exchanges Coinsbit, Qmall, and other platforms, has been placed on Ukraine’s wanted list on suspicion of large-scale fraud and embezzlement of clients’ funds exceeding one billion hryvnias. The victims reportedly include citizens from several European countries, with the misappropriated funds allegedly intended for the purchase of drones for the Ukrainian Armed Forces. Ukrainian investigators are now collaborating with their European counterparts, while Prylepa is believed to be hiding in Dubai.