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WhiteBIT Coin

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Summary

WhiteBIT Coin (WBT) is the native token of WhiteBIT, a cryptocurrency exchange founded in 2018 and headquartered in Lithuania, claiming to be Europe's largest CEX by traffic. As of May 2026, WBT ranks approximately 11th by market capitalization at around $12.6 billion with a maximum supply of 400 million tokens. The exchange and its token face serious, ongoing allegations including disputed ownership linked to pro-Russian political figures, money laundering claims from multiple jurisdictions, and a Ukrainian law enforcement investigation into alleged drug cartel fund flows, all of which WhiteBIT formally denies.

Connected Entities

1 entity

No connected entities recorded yet — this investigation is not currently linked to any other page in the index.

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Timeline(20 events)

2018

WhiteBIT exchange founded by Volodymyr Nosov in Ukraine.

WhiteBIT Blog / LIGA.net Interview

February 2022

WhiteBIT bans Russian users from the platform following Russia's invasion of Ukraine.

Protos

August 2022

WBT token launched via IEO on WhiteBIT Launchpad at $1.62 private sale price.

Kraken Blog Token Spotlight

2022

WhiteBIT severs ties with KIT Group service following alleged compliance failures, per WhiteBIT's own account.

Media Hub (crime.hab.media)

2022

WhiteBIT relocates headquarters from Ukraine to Lithuania.

PANews

March 2023

Approximately $12 million in Bitcoin associated with BTC-e (whose founder Vinnik was convicted of $4B money laundering) allegedly transferred to WhiteBIT, per Russian IT journalists.

Crypto Intelligence UK

August 2023

Whitechain Layer 1 blockchain (formerly WB Network) launches with WBT as gas token.

Whitechain Documentation

2023

Dmytro Shentsev stripped of Ukrainian citizenship by presidential decree.

ANTIKOR portal

2024

Four Dragons (Kyrgyz exchange) hacked; over $841,000 in crypto alleged to have been routed through WhiteBIT. Three criminal cases opened in Kyrgyz Republic.

4-Dragons.com / InView.org.uk

18 November 2024

Hacken proof-of-reserves audit reports WhiteBIT total collateral ratio of 238%.

MEXC News exchange review

24 November 2024

WhiteBIT returns frozen funds to Four Dragons' rightful owners.

WhiteBIT Official Statement

November 2024

Volodymyr Nosov appointed Honorary Consul of Ukraine in the Balearic Islands (Palma de Mallorca).

GNcrypto News

11 December 2024

WhiteBIT becomes first exchange to achieve CCSS Level 3 certification via Hacken audit.

CryptoTimes

8 January 2025

Gate.io announces delisting of WBT token.

Gate.com Announcements

October 2025

Ukraine's Main Investigative Department of the National Police opens investigation into alleged drug cartel money laundering involving WhiteBIT, Liberty Finance, and KIT Group.

ANTIKOR portal

18 November 2025

WBT reaches all-time high of approximately $64.11.

CoinCodex

December 2025

WhiteBIT officially announces US market entry with a dedicated US entity and Times Square marketing campaign.

Scroll.media

4 December 2025

S&P Dow Jones Indices adds WBT to five cryptocurrency indices including the Broad Digital Market Index.

PR Newswire

26 January 2026

Russia's Prosecutor General's Office designates WhiteBIT and W Group as 'undesirable organizations' over support for Ukraine's military.

CoinDesk

5 March 2026

WBT begins trading on Kraken exchange with WBT/EUR and WBT/USD pairs.

Chainwire / CryptoPatato
Provenance & Audit Trail

Decision Log

This investigation is cryptographically anchored to the Solana blockchain (3 events). 22 of 24 cited source URLs have an Internet Archive snapshot.

model: claude-sonnet-4-6

generated: 5/12/2026, 10:07:22 PM

last updated: 8/27/2026, 4:10:31 PM

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