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Russia Plans to Seize $3 Billion in Assets Linked to Former Interior Ministry Officials in WEX Exchange Bribery Case
According to TechFlow, on December 4, as reported by Cryptopolitan, Russian prosecutors are seeking to confiscate assets worth over 2.1 billion rubles (approximately $300 million) from former Interior Ministry official Georgy Satyukov. Satyukov is accused of accepting bribes from WEX cryptocurrency exchange administrator Alexey Ivanov, receiving 2,119.5 Bitcoin and 10,016 Ethereum.
Between 2019 and 2021, Satyukov led the “K” department, which specialized in investigating financial fraud and cybercrime. His luxury assets include 13 apartments, commercial real estate, luxury cars, and $1.3 million worth of luxury goods. WEX exchange was the successor to BTC-e and was responsible for the disappearance of approximately $450 million in cryptocurrency due to a lack of anti-money laundering measures.
Satyukov is currently on the run and internationally wanted, with the first court hearing scheduled for December 8, 2025. If found guilty, his assets will be transferred to the Russian treasury.