Exposing Qmall and crypto scammer Bohdan Prylepa: where did the clients’ money go?

According to Entrepreneur, the situation with cryptocurrency exchanges is growing increasingly concerning.

Bohdan Prylepa, the owner of platforms such as Coinsbit, Tidex, Godbit, NOTAI, and Qmall, is now embroiled in a scandal. Reports reveal that his most recent exchange, Qmall, has left many clients facing issues, as the funds they tried to withdraw have mysteriously disappeared.

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.