P2B Exchange: TOP 30 crypto exchange managed by Ukrainian scammers

The P2B Exchange crypto exchange, included in the TOP 30 according to the CoinMarketCap rating, began to cause concern among market participants.

The first reason was customer statements about difficulties with withdrawing funds, after which analysts paid attention to P2B Exchange, lowering the compliance rating from “Orange” to “Red” .

The editors of our publication looked into why the P2B Exchange crypto exchange could collapse after the Turkish Thodex and the American FTX , and investor funds could be irretrievably lost.

The main problem of P2B Exchange is the opaque ownership structure, because you will not be able to find complete information about its owners anywhere. According to open data, the only known owner of P2B Exchange is Valerii Solodovnyk.

However, Valery Solodovnik officially owns only 0.00%; the rest of the ownership structure remains hidden.

The second problem that helps the P2B Exchange crypto exchange attract new investors by hiding the real state of affairs is the use of fraud involving “trading bots”, which reach 60% of the total trading volume. Such frauds, according to experts, allow P2B Exchange to occupy high places in the rankings on CoinMarketCap . The fact of being in the TOP 30 is actively used by P2B Exchange marketers to attract potential victims.

The third problem that P2B Exchange clients face, and which is evidenced on many forums, is the impossibility of withdrawing their own funds for a number of far-fetched reasons, such as unfounded suspicions of connections with the Russian Federation, or blocking the withdrawal of funds without specifying a reason. For example, there have been cases where, in order to withdraw their own funds, clients had to explain in writing to the legal department of P2B Exchange for months the reasons why they wanted to leave the exchange.

Also, according to FinTelegram , the P2B Exchange crypto exchange, due to the lack of real control and reporting mechanisms, is a platform for the distribution of many scam projects, such as REAL-TOK, which are on their Black Compliance List.

At the same time, the founders of P2B Exchange continue their fraudulent activities, as they are confident in their impunity. The fact that this crypto exchange was originally registered by people from the city of Kharkov, Ukraine, where hostilities are currently taking place, helps those known to us to avoid liability before the law.

The only minority owner of the P2B Exchange founded in Lithuania known to us is Valery Solodovnik, who is associated with a Ukrainian businessman with a very dubious reputation, Gennady Balashov. According to our sources, P2B Exchange (formerly P2PB2B) was founded in Lithuania in 2018 for the purpose of money laundering and tax evasion by a group of individuals affiliated with Balashov.

We remind you that it was in 2018 that Ukrainian law enforcement officers opened criminal cases against Gennady Balashov, including for non-payment of taxes .

It is worth noting that in addition to Valery Solodovnik, other people from Ukraine with a dubious reputation and lack of experience in cryptocurrency and blockchain projects work at P2B Exchange.

We are talking about Anastasia Manin and Igor Glushchenko. For example, Kharkov resident Igor Glushchenko came to the project from the position of “phone card seller” for Vodafone.

Regarding Anastasia Manina, according to data from the Linkedin network, her area of ​​expertise is exclusively marketing, in other words, attracting new clients.

It is worth noting that in addition to P2B Exchange, Valery Solodovnik is registered as a private entrepreneur , which indicates that Solodovnik is a representative of a small business.

Valery Solodovnik, together with another native of Kharkov, Maxim Turovsky , is related to the registered company Partida Services, but if you look at the financial results of its activities, you can draw conclusions that it also belongs to the category of small business.

At the same time, Maxim Turovsky positions himself as an expert and participant in the Spanish real estate market . Here we can draw a parallel with the fraudulent project REAL-TOK (THE REAL ESTATE CRYPTO CURRENCY), which was listed by P2B Exchange.

As we can see, the P2B Exchange crypto exchange is run by people from Ukraine who previously had problems with the law, and the project itself has signs of a scam and with a high degree of probability can collapse at any moment.

The editors send requests to regulatory authorities to fully verify the legal operation of the exchange and disclose the final beneficiaries