Vasily Zhabykin – SUEX, Fraud & Money Laundering

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. 

34DrqaOu5YTRvk16xiWWB
(Source)

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. 

See also  Michael Keith Napier

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.

See also  Evan Luthra

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. 

See also  Nedjeen Baptiste

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. 

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”. 

See also  Snir Moshe Hananya - Fraud and Money Laundering

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. 

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
Add your review  |  Read reviews and comments
9 Comments
Show all Most Helpful Highest Rating Lowest Rating Add your review
  1. 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
  2. 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.

  3. 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.

  4. 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
  5. 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.

  6. 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
  7. 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.

Leave a reply

Your total score

Gripeo
Logo
Register New Account