Wirecard Manager Hiding in Russia With A ‘Significant’ Amount of Bitcoin Stashed

Former Wirecard board member – Jan Marsalek, who has been in hiding for weeks, has fled to Russia with “significant” amounts of bitcoin stash, which he bought from Dubai where the company had dubious operations, according to a report by the German news outlet.

Marsalek had much interest in cryptocurrencies as earlier this month The Wall Street Journal noted:

“Mr. Marsalek liked engaging in late-night discussions about cryptocurrencies and their ability to move money without a trace.”

He is currently staying at a private house in the Moscow region under the supervision of the Russian military secret service GRU.

Last month, the head of Wirecard’s Dubia-based unit was arrested by the German prosecutors, and an arrest warrant was also issued for Masalek. But he escaped, leaving behind “a slew of false leads and clues as to whether he may be hiding,” including falsified immigrant records and airline bookings.

The company which operates crypto debit cards, filed for insolvency at the end of June after it was found to have $2.1 billion missing from the balance sheet.

This resulted in the crypto debit cards operated by the company getting frozen, and now crypto companies are looking for new partnerships.

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