The investigation revealed that the police used threats to coerce Ivanov-Bilyuchenko (who changed his last name to Ivanov shortly before his arrest) into cooperating. In exchange for a monetary reward, they promised him protection and support in a criminal case involving the embezzlement of funds from the collapsed exchange’s clients in 2018.
Between March 2019 and October 2021, Ivanov-Bilyuchenko transferred bitcoins and ethers worth 4.9 billion rubles to Georgy Satyukov’s wallets. The investigation only learned about the police’s actions because the “Red Admin” reached a pre-trial agreement with Anatoly Razinkin, the First Deputy Prosecutor General of the Russian Federation, and confessed to embezzling Wex assets worth 3.1 billion rubles.
Alexey Ivanov-Bilyuchenko assured the representative of the Prosecutor General’s Office that he never planned to use clients’ funds for personal gain but kept it hidden from other officials within the Ministry of Internal Affairs and the FSB.
Currently, Georgy Satyukov and Dmitry Sokolov are abroad, and their exact locations are unknown to Russian law enforcement. It is believed that the former police officers reside in Dubai, where Sokolov owns real estate.
Previously, the Moscow City Court rejected a request to mitigate or overturn the sentence imposed on Alexey Ivanov-Bilyuchenko. As a result, the entrepreneur was sentenced to 3.5 years in prison and fined half a million rubles.