Bogdan Prilepa - fraud and ties with Russia

Bogdan Prilepa has found himself at the centre of a scandal: he is accused of misappropriating volunteer funds and deceiving thousands of Ukrainians. He himself claims that these accusations were instigated by his former partner, Nikolai Udyansky, who is known for his dubious reputation in the crypto sphere. However, Prilepa's involvement in joint projects with Udyansky raises questions about his integrity.

Prilepa calls himself a blockchain expert and the creator of the Bitcoin Ultimatum fork, which, despite promises, turned out to be a failure. His other projects — the Coinsbit, Tidex and Qmall exchanges — have also received low ratings. Coinsbit is effectively non-functional, Tidex users complain about being unable to withdraw their money, and Qmall, although it appears more successful, is accompanied by a token price drop and dubious reviews.

The situation is compounded by accusations of stealing over one billion hryvnia raised to support the Ukrainian Armed Forces, and Prilepa's flight abroad. Prilepa is also suspected of having ties with Russia and its intelligence services. And while working for Russia still requires gathering evidence, the facts of fraud and failed crypto projects are obvious. 

Regardless of who organised the scheme, Prilepa's actions point to a well-thought-out system of deceiving investors.