Wirecard’s chief operating officer, Jan Marsalek, allegedly used Bitcoin Method to move funds from Dubai to Russia.
Russian media outlets Kommersant reported on July 20 that Marsalek is hiding in Russia with funds he was able to transfer there with the crypto-currency.
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According to the report, Marsalek is currently in a private house near Moscow under the supervision of the Russian special services.
Documents leaked earlier this month also suggest that Marsalek had links to Russian government operators. According to a recent report, he allegedly had secret documents and boasted of his links to the intelligence services in an effort to integrate more with London traders.
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Over $2 billion missing from Wirecard
The scandal involving Marsalek began in late June, when the auditors of the Big Four EY accounting company could not confirm the existence of more than $2.1 billion in cash on Wirecards‘ books.
Marsalek appears to have disappeared after an alleged trip to the Philippines last month to search for the missing funds. However, some suggested that Russia’s Federal Security Service may have helped him forge documents showing he entered the Philippines.
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News of the missing funds led Wirecard to file for insolvency and prompted the arrest of the company’s CEO, Markus Braun, in Germany.
As Cointelegraph previously reported, Wirecard managed many of the major crypto-debit cards, and his disappearance was seen as a potential blow to the crypto-community. The affected crypto cards include those issued by companies such as Crypto.com and TenX.
However, shortly after the initial suspension, European crypt cards managed by Wirecard were reactivated after permission from the UK’s Financial Conduct Authority.