EXMO denied information about connection with crypto-marketplace SUEX

The trading platform has sent a claim to the public movement Stopnarkotik and is ready to sue for false information discrediting reputation The EXMO cryptocurrency exchange is not related to the activities of SUEX, which …

The trading platform has sent a claim to the public movement Stopnarkotik and is ready to sue for false information discrediting reputation

The EXMO cryptocurrency exchange is not related to the activities of SUEX, which the United States suspects of withdrawing funds from ransomware and fraudsters. EXMO has also filed a claim with the All-Russian public movement Stopnarkotik and is ready to sue it, a representative of the trading platform said in a commentary to topplabs.org.

On September 24, Kommersant reported that the Stopnarkotik movement addressed the heads of the Central Bank and the Ministry of Internal Affairs with a description of SUEX's connection with the largest cryptoexchange in Eastern Europe EXMO, the QIWI group of companies and the Ukrainian bank Concord. The public movement calls for checking the legality of the work of SUEX, EXMO, QIWI and considering the possibility of blocking payments by Russians in favor of a Ukrainian bank.

On September 21, the Office of Foreign Assets Control of the US Treasury (OFAC) announced the imposition of sanctions against the Russian crypto exchanger Suex, which is registered in Prague, but has offices in Moscow and St. Petersburg. US officials claim the crypto exchanger facilitated the withdrawal of ransomware and scammers' funds. This is the first time in US history that the authorities have imposed sanctions on a crypto exchange.

After that, one of the founders of SUEX Vasily Zhabykin was fired from MTS Bank, where he headed the structure of Neo bank, Kommersant reported. Sources of the publication noted that the dismissal was due to US sanctions, and the project "was not associated with the personality of the leader." At the same time, Zhabykin confirmed his connection with SUEX in a commentary to the New York Times. Also on September 23, another SUEX co-founder Yegor Petukhovsky announced his dismissal from the Chatex Telegram bot.

Egor Petukhovsky is not a co-founder of EXMO and has never been involved in the management of the company, said a representative of the exchange. In addition, Egor has no family ties with the founder of EXMO, Ivan Petukhovsky. The crypto exchange added that they also have nothing to do with Concord Bank.

“All this looks like one big order for EXMO,” the company stressed. Her representative added that the exchange operates within the British legal framework. He claims that the team and management of the exchange were not involved in illegal operations with cryptocurrencies both in the CIS and abroad.

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