Vasily Zhabykin – Lawsuit of SUEX, Fraud & Money Laundering Cases. Disclosed! (Latest Update 2023)

Vasily Zhabykin – Lawsuit of SUEX, Fraud & Money Laundering Cases. Disclosed! (Latest Update 2023)
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Vasily Zhabykin is the co-founder of SUEX, a crypto exchange sanctioned by the US government for money laundering and ransomware.
2.6/10 (Expert Score)
Product is rated as #362 in category Consumer Reviews
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You can help us put a stop to online scams before they grow too big and end-up ruining thousands of lives. A scam is a scam, doesn’t matter if it’s big or small. Now that this is out of the way, let’s get started with the review.

In 2021, the US Treasury Department imposed multiple sanctions on SUEX, a crypto exchange founded by Vasily Zhabykin. 

The department’s press release said they sanctioned the company as part of their effort to counter ransomware.

Also, they said Vasily Zhabykin’s company had facilitated transactions in a minimum of eight ransomware attacks. The department also claimed that SUEX’s 40% transactions were connected to “illicit actors”. 

Vasily Zhabykin had given an interview to the New York Times a while ago. There, he claimed that SUEX, registered in the Czech Republic, is his firm. 

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(Source)
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30/11/2023 Update
As of now, Vasily Zhabykin has not responded, nor has he apologized for his misdeeds. He has ignored our efforts to highlight the problems faced by his victims. Furthermore, he has only focused on propagating his fake PR.

At the time, the company claimed to be a small one with only three staff members. 

In the interview Vasily denied the firm’s participation in any illegal activity. 

Moreover, he told NYT that his firm has only processed a few transactions since 2019. 

vKLmiE89bYi8VNgOXhk19fu2xPLjipqQ1yULxyp9Gq7rcWdbU1V coFSZGlljYnRq3Txn9 EZMqoz1DGb8giGuSWSPRf77GPTkcJ5QR0aSUc9i1CswF55JziOFOe6vGnP BYQKlHBLNQ zYQEdjj3NQt1hoRPHNkCyNQHmitNU049a9bDlVYGcXAQ

The sanctions prohibit Vasily Zhabykin’s SUEX and any other company owned by them from accessing property interests falling under the US jurisdiction. 

Also, banks and other “people” that engage in specific “transactions or activities” with SUEX might face similar sanctions. 

The press release added that while the US government views most cryptocurrency activity as legal, some exchanges exploit them for ransomware attacks. It noted that SEUX facilitates illicit activities for its own gains. 

What is Money Laundering?

Money laundering is an illegal process that involves concealing the origin of illegally obtained funds and transforming them into legitimate sources of income. This is done to evade prosecution, conviction, and the seizure of criminal proceeds. Essentially, it’s a way to turn “dirty” money into “clean” money.

More on Vasily Zhabykin and His Company’s Shady Connections:

Vasily Zhabykin’s problems didn’t stop after the sanctions. Instead, they began piling up further. 

Vasily Zhabykin

The SUEX founder lost his managerial position at MTS Bank where he was teh head of their Neo bank project. Sources revealed that the cause of his dismissal was the US sanctions for alleged money laundering operations of SUEX.

Before this, one of SUEX’s co-owners, Egor Petukhovsky, made an announcement about leaving Chatex, a company related to SUEX. Chatex is a crypto exchange post. 

Egor claimed that none of the companies connected to SUEX were participating in any illegal activities. 

He said he will firmly defend his name in US courts. 

Apart from Vasily Zhabykin and Egor Petukhovsky, other notable people at SUEX include Maxim Subbotin, Ildar Zakirov and Maxim Kurbabgaleev. 

Another person related to this company is Tibor Bokor, a Czech venture capitalist. 

Vasily Zhabykin’s company is registered in the Czech Republic as SUEX OTC s.r.o. However, it reportedly has offices in Russia including branch offices in St. Petersburg and Moscow.

Vasily Zhabykin’s Company Has Received Allegations of Facilitating the Drug Trade

Stopnarkotik is a prominent movement in Russia against illegal drugs and its business. It has urged the Ministry of Interior and the Central Bank of Russia to take strict action against SUEX. 

Furthermore, the organization has provided the authorities with information about their alleged connections with Exmo and Qiwi. 

Exmo is a major crypto exchange in Eastern Europe while Qiwi is one of the biggest payment processors in Russia.

Apparently, the organization investigated Vasily Zhabykin’s firm. They allegedly found the company was involved in money laundering and was helping Hydra, a drug trading platform. 

Hydra has an estimated annual turnover of $1.5 billion in Russia alone. It is a darknet market and operates illegally. 

Kommersant revealed that Stopnarkotik has asked Bank of Russia to look into Qiwi, Exmo as well as Vasily Zhabykin’s SUEX. 

Vasily Zhabykin

It wants the authorities to block payments from Russian residents to the Ukrainian bank. Also, it wants the Ministry of Internal Affairs to verify all related facts and hold the culprits accountable. 

Exmo claims it is not involved in the activities of SUEX. They have also emphasized that Egor Petukhovsky is not a co-founder of Exmo and was never a part of their leadership. 

Furthermore, Exmo has claimed the company’s founder has no family ties with Egor either. Exmo’s founder is Ivan Petukhovsky. 

A spokesperson for Exmo told the media that although SUEX had made a few transactions on their platform initially, nothing illegal has occurred. 

Similarly, Qiwi has also claimed it has no connections with SUEX. The payment provider said it follows all Russian laws and wouldn’t carry out any illegal activities. 

If you have sensitive information or have had a personal experience with Vasily Zhabykin but want to stay anonymous, then submit it using our secured form. You can connect with our expert contributors and help in finding the truth. We never share your information with 3rd parties.

Using Illegal Tactics To Bury Critical News

It seems to me that Vasily Zhabykin doesn’t want others to find out about his firm’s alleged involvement in money laundering and drugs. 

So, his marketing team is using illegal censoring tactics to bury any news articles mentioning the events. 

According to Lumen Database, there are numerous DMCA complaints against news articles mentioning Vasily Zhabykin and his firm’s alleged money laundering operations.

Vasily Zhabykin
A snippet of their fake DMCA posts

Apparently, notable publications including crypto news websites and Russian news websites have copied their articles from a new and unknown website called “World-news.uk”. 

Someone representing Vasily is copying articles mentionoing SUEX’s alleged illegal operations and pasting them on world-news.uk. Then, they are changing the publication date of the copied article to make it look original. 

Vasily Zhabykin
The website Vasily’s marketers are using to post fake DMCAs.

Afterwards, they contact Google and claim that the article they copied is actually unoriginal and it copied its content from world-news.uk.

Clearly, these are fake DMCA notices. It’s illegal and unethical. 

Obviously, someone representing Vasily Zhabykin doesn’t hesitate to break the law and is stealing content from multiple publications to hide the facts. 

The website they use only has 3-4 articles on it. They primarily use it to post fake DMCAs and take down articles from the internet.

This is a pretty common tactic among online scammers and criminals. HULT Private Capital is a finance firm which has used this tactic to hide any consumer complaints available online. 

Similarly, Stephen Dent Greenwich is a man who used this tactic to hide news articles talking about the time he had hired prostitutes from a sugar daddy website. 

2.5
Shield

Get Your Money Back Suspicious

If you have been scammed by Vasily Zhabykin, then you can get justice by sharing your complaint with us. We will connect with you experts and journalists who will help you get your money back and get heard by the right people.
It is strongly suggested that you do your own research before spending money online. This is a user-generated report.
Vasily Zhabykin’s marketing team might post a fake DMCA on this article to take it down as well. If they do, I’ll rebut the article with Google and post an update here. 

Conclusion

Judging from the available facts, it’s obvious that Vasily Zhabykin has received allegations of fraud and perjury

The US Treasury Department sanctioned his firm for facilitating money laundering and using ransomware. Similarly, Stopnarkotiks has complained about him for facilitating the illegal drug trade. 

On top of that, his marketing team is using fake DMCAs to hide the necessary facts from consumers. 

Beware of Vasily Zhabykin.

2 Total Score
Suspicious

Vasily Zhabykin is the founder of notorious crypto exchange SUEX. It has received sanctions from the US government for being involved in illegal activities and is facing serious charges in Russia for money laundering.

2.6Expert Score
Trust
2.7
Experience
2.6
Professionalism
3
Ethics
2.2
1.4User's score
Trust
1.4
Experience
1.6
Professionalism
1.6
Ethics
1.2
PROS
  • None
CONS
  • Lost his managerial role after US sanctions
  • Using fake DMCAs
  • Alleged involvement in money laundering
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Vasily Zhabykin – Lawsuit of SUEX, Fraud & Money Laundering Cases. Disclosed! (Latest Update 2023)
Vasily Zhabykin – Lawsuit of SUEX, Fraud & Money Laundering Cases. Disclosed! (Latest Update 2023)

29 Comments
Show all Most Helpful Highest Rating Lowest Rating Add your review
  1. This ransomware needs to be stopped… it’s so freaking stressful when something like this pops us n crashes your computers

  2. All this shit sounds so fishy…how do innocent people get out of these shady darknet markets

  3. These freaks totally flip when found guilty…fucking have the guts to be accountable for your crimes

  4. Why is it so that all this darknet shit comes out of Russia…I really feel Russian government support such malicious activities

  5. Who knows what more crimes these frauds have committed…The whole story never comes out and its really hard to find the truth in a world full of corruption

  6. We need to be more aware of the darknet markets and their connections with so-called professionals to stay safe

  7. Hydra seems to be really a dangerous place and this fraud is connected to it…no doubt he has so much power to escape any allegation and perjury

  8. It’s so easy to just change dates and copy-paste articles n show in DMCAs…how like can such critical facts come out…I would like Google to do something about such tactics of scammers

  9. More power to the author and gripeo for standing against such scammers!

  10. It’s so tough and equally important when such scammers keep filing fake DMCAs against people like you, doing a wonderful job, of spreading awareness among people of such fraudsters

  11. Vasily Zhabykin was taking the help of fake DMCAs for taking down the articles, which shows his real business. When some firm is trying to make others not speak about their business means they are practicing something scammy.

  12. Vasily Zhabykin was taking the help of fake DMCAs for taking down the articles, which shows his real business. When some firm is trying to make others not speak about their business means they are practicing something scammy.

  13. The author has explained the article well taking the example of how he introduced the darknet Hydra which is not discussed on social media. Only the main purpose of these darknet websites is to transfer the illegal market of drugs in the country.

  14. The author has explained the article well taking the example of how he introduced the darknet Hydra which is not discussed on social media. Only the main purpose of these darknet websites is to transfer the illegal market of drugs in the country.

  15. Nowadays the crypto market is getting excessive hype and people are using it for hiding their black money, due to no connection with the government it is very difficult to get those bastards. Now the case of processing drugs in the market is not at all acceptable.

  16. The government needs to keep a check on these agencies and also work on the policing services due to the transfer of drugs into the market and not being able to restrict these illegal markets.

  17. How can someone be allowed to deal with drugs with the support of the government and make a profit for them which is very shameful? SUEX should be banned from doing any business in the country the Russian government should take into that matter but the members of the government are themselves involved in the act. Very shameful.

  18. My personal experience says that now things are getting easier, especially the illegal things where people are making use of the darknet to avoid various legal authorities and also get the benefits while sitting in any corner.

  19. My special request to the investors is that they always be aware of the companies like SUEX because they are always trying to loot your money using illegal means. In this case, the government itself was involved in the matter and helped them to scam people.

  20. The government needs to keep a check on these agencies and also work on the policing services due to the transfer of drugs into the market and not being able to restrict these illegal markets.

  21. 0.6
    Trust
    20
    Experience
    10
    Professionalism
    10
    Ethics
    10

    Nowadays we hear a lot of scams related to cryptocurrency, as the boom of the crypto market has allowed everyone to earn money online.

    But everything that seems attractive and opportunistic may have many secrets and shady intentions buried underneath.

    The same is true with this SUEX as it claims to be a crypto exchange platform but doing illegal activities is the real game for them.

    Helpful(0) Unhelpful(0)You have already voted this
  22. I think SUEX was using ransomware for hacking the data, the same case happened with my sister as she got some text messages from an unknown number she replied to him, and got some links as soon as she pressed the link her laptop started malfunctioning. Some of the apps were opening and closing themselves, afterwards, they sent screenshots of her data and asked to pay them if they wanted to get the data deleted.

  23. 1
    Trust
    20
    Experience
    20
    Professionalism
    20
    Ethics
    20

    This company was becoming famous among youths because of their bonus offers. But it’s obvious that they were funding the drug trade. I think it’s horrible how companies like SUEX are capable of avoiding a lot of severe punishment simply because of their financial stature and standing.

    Helpful(0) Unhelpful(0)You have already voted this
    • Companies are scamming people without any regrets and fear. Because no strict actions are being taken against them, there should be some portal launched by the government so the people may report the scams they go through.Beware of the schemes and companies related to Vasily Zabykin.

  24. 0.75
    Trust
    10
    Experience
    20
    Professionalism
    20
    Ethics
    10

    Something I have seen about the crypto market is the lucrative opportunity it gives to the investors, but the scammers are using the smoothness and craze of the market to get rich.
    Vasily Zhabykin should be thrown in jail regardless of what he claims. You can’t trust what he says after seeing all of this evidence. The man needs to be put behind bars.

    Helpful(0) Unhelpful(0)You have already voted this
  25. Vasily Zhabykin is a real scammer and a criminal as well because using this trading platform for promoting the drug trade, as the cases related to drug dealing are rising day by day.

  26. 0.6
    Trust
    10
    Experience
    10
    Professionalism
    20
    Ethics
    10

    When I read about how SUEX was being used by drug dealers, it made me fear the future of the children, who are easily getting involved into this heinous industry.The government should work on putting Vasily Zhabykin under arrest to ensure the safety of people and their money.

    + PROS: none
    - CONS: drugs corrupt
    Helpful(0) Unhelpful(0)You have already voted this
  27. 0.6
    Trust
    10
    Experience
    20
    Professionalism
    10
    Ethics
    10

    The government should take strict actions against Vasily Zhabykin along with other big companies that are using a platform to get the users scammed to earn profits. Similarly, there should be a special squad appointed for having checks on these malicious scams.

    + PROS: none
    - CONS: fraud
    Helpful(0) Unhelpful(0)You have already voted this
    • The governments of all the countries should keep an eye on these small crypto exchanges, online gurus, Small banks so that they can take stringent action as soon as possible. Why wait for people to get scammed and let there be hundreds of victims when you can nip it in the bud? I don’t want to hear about another Vasily Zhabykin.

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