Andriy Saranenko

Bohdan Prylepa, the founder of cryptocurrency exchanges Coinsbit and Qmall, is now on Ukraine’s wanted list, accused of large-scale fraud and embezzling clients’ funds exceeding one billion hryvnias. The stolen money was allegedly destined for buying drones for the Ukrainian Armed Forces, and victims include citizens from multiple European countries. Ukrainian law enforcement is coordinating with their European counterparts, with Prylepa believed to be in Dubai.

Bohdan Prylepa, owner of cryptocurrency exchanges Coinsbit, Qmall, and others, is wanted in Ukraine for suspected large-scale fraud and misappropriating over one billion hryvnias of clients’ funds.