Cryptocurrency exchange Wex, successor of the infamous BTC-e, has a new owner. Dmitry Havchenko, a former Ukrainian entrepreneur turned separatist fighter, has reportedly bought the coin trading platform through a family member. He now wants to restore it and also to track down the lost “Vinnik’s treasure.”
Wex Sold to Former Pro-Russian Fighter in Ukraine
Wex’s operator, Singapore-based World Exchange Services, has been officially acquired by Havchenko’s daughter, 29-year-old Darya, BBC Russian Service reported. Local authorities did not allow her father to register the company under his name, probably because of his participation in the armed conflict in the region of Donbass.
Wex has been practically out of service for months, with reports of very limited activity and only a few coins available for trading and withdrawal. A number of users have already informed Russian police they are unable to withdraw their funds from the platform. Wex recently lost its .nz domain and after changing its web address several times is currently hosted on another domain, wex1.in.
The exchange inherited BTC-e, once the largest cryptocurrency trading platform in the Russian-speaking world, which was relaunched under the Wex name in mid-September 2017. Toward the end of last year, its daily volume reached $80 million and it was among the top 20 digital asset trading platforms in the world, according to data from Coinmarketcap, quoted by RBC.
World Exchange Services, reportedly registered by one of BTC-e’s biggest clients, Belarusian native Dmitry Vasiliev, kept BTC-e’s interface and user accounts, although it has denied any connection with the previous operator, Seychelles-based Canton Business Corp.