Dmitri Vasilev, the former CEO of now-defunct crypto exchange WEX, has reportedly been arrested in Italy.
Cryptocurrency exchange WEX, formerly called BTC-e, may have been used to launder illicit gains from the SamSam ransomware, according to PwC.
Binance has frozen accounts that received more than 93,000 ether (over $18.9 million) from wallets indirectly linked to troubled Russian exchange WEX.
Users of the WEX exchange have begun filing police reports after more than three months of being unable to withdraw major cryptocurrencies or fiat.
Crypto exchange WEX continues to see prices well out of step with the rest of the market amid the continuation of a near-total freeze on withdrawals.
Users of WEX, the cryptocurrency exchange built on the ashes of BTC-e, are reporting withdrawal problems.
Crypto exchange WEX, formerly known as BTC-e, saw its BTC/USD market spike to nearly $9,000 on Wednesday.