1/ Yesterday Andrei Grachev announced DWF wants to purchase FTX’s assets. There are serious/credible allegations (and evidence) that he has been part of fraudulent ICOs & even had a suspended prison sentence of 5 years in Russia for a company he worked for between 2012-2014.
2/ Part of the problem is that many of the evidence has only been published in Russian and some websites have already disappeared. There are at least 4 ICOs that have his name associated with them: BuzCoin, GameCoin, ExportOnline & JOYS.
3/ There are also other scams such as Fly Labs (where he was CEO). He used to work for Huobi Russia and is implicated in the infamous OneCoin scam. On one forum he is accused of not paying his team in 2017 during the GameCoin ICO scam.
4/ The influence of (Russian) organized crime (OC) on the crypto space should not be underestimated and many of the cartels (Chinese, Israeli, Italian, Serbian) work together. If you ever wondered why Do Kwon went to Serbia and was arrested in Montenegro, OC is likely the answer.
5/ Others have also by the way already warned for the dubious practices of DWF and written lengthy threads, i.e.:
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