$30M in ETH on the move after authorities confirm arrest of WEX exchange founder

[RSRS]

Earlier this week, reports emerged that Polish authorities had arrested Dmitri Vasiliev, the founder of crypto exchange WEX, in Warsaw.

Yesterday, as authorities officially confirmed that Vasiliev was in custody, $30 million in ether (ETH) started moving out of a wallet associated with WEX.

However, it appears that the actual handling of the funds could be problematic for those in control. On a 9,916 ether transaction, valued at $29.7 million as of the time of wriitng, whoever initiated the transaction ordered a max cost of 0.00042 ETH and a gas price of 20 Gwei.

Gas — or the cost of transacting — has not been that low in months, with the result that the transaction has been pending for about 24 hours, as of publication time, and doesn't seem likely to move forward soon.

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