Aleksey Bilyuchenko, co-founder of Wex, the successor of the infamous Russian crypto exchange BTC-e, will spend only a couple of years in prison. The Russian, who is charged in the U.S. with money laundering, has been sentenced in his homeland as the only defendant in a case over the collapse of Wex which brought heavy losses to its customers.
Wex Co-founder Admits Guilt for Exchange’s Crash, Asks Putin to Be Sent to Ukraine
One of the founders of the crypto exchange Wex, which succeeded once the largest coin trading platform in Russia, BTC-e, received three and a half years of prison time and 500,000-ruble ($5,000) fine for his role in its operation, Russian crypto news outlet Bits.media reported, quoting a Telegram post by journalist and blogger Irek Murtazin.
The mild sentence comes after Aleksey Bilyuchenko, who has been accused in Russia of embezzling several billion rubles in customer funds, sought leniency from Russian President Vladimir Putin while the state prosecutor asked
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