Egor Petukhovsky, the founder of the Over-the-Counter (OTC) Crypto Desk Suex and the Telegram chat bot for peer-to-peer crypto trading Chatex, said he was ready to go to court for his name According to the US Treasury Department to protect the Foreign Assets Control (OFAC), Suex was classified as a money laundering vehicle on Tuesday.
“Neither I nor any of my affiliates have ever engaged in any illegal activity,” Petukhovsky said wrote on Thursday on his Facebook page. “I intend to stand firm in litigation in the United States of America.”
He also said that he had “decided to retire from the Chatex shareholders” and quit his job “as an employee of the Chatex company”.
Petukhovsky declined to comment on the situation for CoinDesk.
Who is Suex?
Binance, the world’s largest crypto exchange, announced on Wednesday that it deactivated Suex accounts on the exchange. Most of the 25 Suex cryptocurrency addresses blacklisted OFAC turned out to be bills of exchange deposit addresses, as CoinDesk already reported.
Blockchain investigation firm Chainalysis, which said it helped OFAC identify the Suex addresses and identified around $ 13 million worth of Bitcoin transactions directly linked to ransomware attacks through Suex, said CoinDesk that the company has been on their radar for some time.
“We use our data to research high-level money laundering trends and identified Suex addresses years ago as part of a relatively small group of a few hundred addresses receiving an oversized amount of illicit funds,” said Maddie Kennedy. Chainalysis spokeswoman, via email to CoinDesk, added that Suex may not have all addresses identified and Chainalysis will continue to monitor the company’s activities.
Another crypto detective company, TRM Labs, called Suex was registered in the Czech Republic as SUEX OTC sro with Egor Petukhovsky as the largest shareholder. Another parent company of Suex is the Estonian company Izibits OU, which also owns Chatex, wrote TRM Labs.
Other Suex shareholders include Vasilii Zhabykin, Ildar Zakirov and Maksim Subbotin, who may also go by the name Maxim Kurbangaleev, TRM Labs said. Zhabykin also worked at NUUM, the banking platform of Russia’s largest telecommunications provider, MTS. The Russian newspaper Kommersant published on Wednesday wrote that Zhabykin no longer works at NUUM.
CoinDesk asked for comments from Zhabykin, Zakirov, and Subbotin. We will update this story when we hear something.