A number of foreign crypto exchanges are already cooperating with Russian arbitration managers in the search for digital assets of debtors. This was stated by the head of the Department of compulsory recovery and bankruptcy of Sberbank Evgeny Akimov, Vedomosti writes.
In particular, cooperation has been established with the Dubai Bybit exchange, the European Bitstamp, the Singapore Bitrue, and the American one Gate.io and OKX registered in the Seychelles. Platforms inform managers about the presence of their clients crypto wallets and their addresses.
Akimov said that some of them provide information on request in free form, others ask for official requests, including from law enforcement agencies, others-only if there is a court decision translated into English, others — request additional information.
"You can try to get official requests from the state agency from bailiffs, "Interfax quotes Akimov as saying.
Courts have the right to oblige the debtor to provide the manager with a username and password to access the crypto wallet, but sometimes the latter transmits incorrect data. To avoid such a situation, the court may order the bankrupt to enter the wallet in the presence of a notary, said Ilya Ulyanov, the arbitration manager.
One of the problems on the way to recovery is the withdrawal of detected digital assets. However, some exchanges, such as Coinbase, have their own procedure.
"The arbitration manager confirms his powers by a judicial act, assets are frozen, the manager opens his wallet and transfers the debtor's money there, converts it and already transfers it to the main account [for settlements with creditors]," Ulyanov described.
At the suggestion of Akimov, arbitration managers should be allowed to independently sell cryptocurrencies on the exchange with withdrawal to fiat, similar to the sale of property abroad. At the same time, the question of the legality of withdrawing such assets directly to accounts in the Russian Federation remains open.
In particular, cooperation has been established with the Dubai Bybit exchange, the European Bitstamp, the Singapore Bitrue, and the American one Gate.io and OKX registered in the Seychelles. Platforms inform managers about the presence of their clients crypto wallets and their addresses.
Akimov said that some of them provide information on request in free form, others ask for official requests, including from law enforcement agencies, others-only if there is a court decision translated into English, others — request additional information.
"You can try to get official requests from the state agency from bailiffs, "Interfax quotes Akimov as saying.
Courts have the right to oblige the debtor to provide the manager with a username and password to access the crypto wallet, but sometimes the latter transmits incorrect data. To avoid such a situation, the court may order the bankrupt to enter the wallet in the presence of a notary, said Ilya Ulyanov, the arbitration manager.
One of the problems on the way to recovery is the withdrawal of detected digital assets. However, some exchanges, such as Coinbase, have their own procedure.
"The arbitration manager confirms his powers by a judicial act, assets are frozen, the manager opens his wallet and transfers the debtor's money there, converts it and already transfers it to the main account [for settlements with creditors]," Ulyanov described.
At the suggestion of Akimov, arbitration managers should be allowed to independently sell cryptocurrencies on the exchange with withdrawal to fiat, similar to the sale of property abroad. At the same time, the question of the legality of withdrawing such assets directly to accounts in the Russian Federation remains open.
