Russian man arrested for illegally running crypto exchange on Koh Phangan

Russian man arrested for illegally running crypto exchange on Koh Phangan
Police investigate Ibragim Gaitukiev, 36, a Russian nationwide, at a home on Sri Thanu shore in tambon Koh Phangan of Surat Thani state on Thursday. Additionally, the home served as a cannabis store and crypto exchange. ( Photo: Surat Thani police )

A Russian federal has been detained for operating illegally in this tourist destination’s Koh Phangan for the purpose of trading cryptocurrency.

Authorities arrested Ibragim Gaitukiev, 36, at a home on Sri Thanu shore in tambon Koh Phangan of this southwestern province, Pol Maj Gen Sermphan Sirikhong, captain of Surat Thani state, said on Friday.

Following a police investigation that en-samui, the imprisonment took place. The site Bitmonyekb.com had run online sales and purchases of bitcoins in Surat Thani’s Koh Samui and Koh Phangan towns. According to the Surat Thani police chief, the telephone and WhatsApp numbers that were displayed on the website for customers to call were linked to Maksim Variukhin’s bank accounts.

The two international citizens were managers of OM 118 Co on Koh Phangan in Surat Thani, according to authorities authorities. The business’s office was located on the holiday island of Sri Thanu Beach. &nbsp, &nbsp,

The property also ran a cannabis purchase,” Plantasia cannabis social”, with a signal reading” Bitcoin’ ‘ placed in front of the store, according to the authorities investigation.

According to the researchers, the factory was the location of the cryptocurrency exchange that had been advertised on the website. The Samui Provincial Court later issued a judge warrant to search the store on Wednesday. On Thursday, the arresting crew searched the store. &nbsp,

Mr. Gatukiev claimed to be the shop’s landlord while being present during the hunt. &nbsp, &nbsp,

The assaulting group conducted a search of the cannabis store, but they discovered no prohibited items. In the store, there were commercials for the crypto exchange.

Mr. Gatukiev was detained for operating a cryptocurrency trade without authorization. &nbsp,

He reportedly acknowledged during questioning that he and Mr. Variukhin had offered tourists online currency services. &nbsp,

Mr. Gatukiev’s arrest and legitimate action took place at the Koh Phangan police place. The other international national’s identity was not disclosed by the authorities.

Police seek a cannabis factory, on Koh Phangan in Surat Thani. Crytocurrency transfer services are also offered by the store. &nbsp, &nbsp, ( Photo: Surat Thani police )