Embezzlement and fraud: Bohdan Prylepa’s Qmall crypto exchange officially labeled a scam

Bohdan Prylepa, known as the owner of the platforms Coinsbit, Tidex, Godbit, NOTAI, and Qmall, has found himself at the center of a scandal. It has emerged that the latest of the exchanges, Qmall, has caused a lot of trouble for its clients, as the funds they were attempting to withdraw are no longer available.

The national law enforcement agencies of Ukraine have already put Prylepa on the wanted list. He is accused of serious crimes, including fraud and embezzlement of users’ funds. 

Due to Prylepa’s fraudulent schemes, the Tidex and Coinsbit exchanges have already been declared insolvent on the CoinGecko platform. According to preliminary data, Patex, another crypto exchange, may also follow this unfortunate example.

The situation with the CEO of Godbit, who was actively promoting one of Prylepa’s projects, is no less dramatic. He has already been arrested, and the meme coin NOTAI has experienced a significant crash.

If all accusations against Prylepa are confirmed, he could face a life sentence, which would undoubtedly be a serious blow to a number of crypto exchanges and their clients.