WEX users apply to the Ministry of internal Affairs of the Russian Federation due to the inability to withdraw funds

Users of the cryptocurrency exchange WEX began to submit applications to the Russian police, as for more than three months they can not withdraw their crypto-currencies and Fiat money from the site. About CoinDesk said a trader by the name of Ruslan.

He calls on other users to initiate an official investigation and clarifies that about 35 applications have already been sent through the website of the Ministry of internal Affairs. According to verified data from CoinDesk, since October such statements on the website of the Ministry of internal Affairs at least seven.

WEX was built on the ruins of the closed FBI exchange BTC-e. This summer, enthusiasm for the revival of BTC-e gave way to complaints about the impossibility of withdrawing funds, which in parallel led to an overestimation of prices on the site. For example, USDT on WEX is trading at $6.99, bitcoin at $8602, and ether at $319.

Traders after months of waiting for a response from the exchange (WEX's last public tweet was posted at the end of August) decided to take the initiative to finally get their funds back and figure out what's really going on in the company.

Ruslan told CoinDesk he hopes to force law enforcement to take action against WEX CEO Dmitry Vasiliev and his team so they can't initiate any new crypto projects.

Neither Vasiliev nor WEX's official Twitter account responded to CoinDesk's requests for comment.

Questions on the background of sky-high prices
Users recognize that since the trouble began, the possibility of withdrawal from THE Wex exchange of some coins was, but with a very high Commission.

In particular, USDT, Zcash, Namecoin and Peercoin were available for output. However, their WEX prices are extremely high compared to the rest of the market, so buying them just to withdraw funds was unprofitable.

At some point, around the end of July, the withdrawal of Fiat money was available, but the Commission reached 45%.

Soon reports were received of RBC (promptly denied by the administrator of the cryptocurrency platforms) that Dmitri Vasilyev is going to sell the exchange to a certain Dmitry Hevchenko. After that, the withdrawal was finally frozen, and Vasilyev later told CoinDesk that he no longer controls the exchange and that its owners do not communicate with him. Who now controls the WEX, and in fact should be responsible for custody of funds of the users is unknown.

Last week, Havenco told CoinDesk that the transaction is completed and money transferred to the seller. However, according to the regulatory body for corporate Affairs and accounting of Singapore, where WEX is registered, Vasilyev is still considered the owner of the exchange.

The volume of trading on WEX, which was previously estimated at tens of millions of dollars a day, has now fallen to $1 million.