WhiteBIT Coin
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anchored·5qm3ag…HzQTSummary
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 entities- + 9 more
Timeline(20 events)
2022-08
WBT token launched via IEO on WhiteBIT Launchpad at $1.62 private sale price.
Kraken Blog Token Spotlight2022
WhiteBIT severs ties with KIT Group service following alleged compliance failures, per WhiteBIT's own account.
Media Hub (crime.hab.media)2023-03
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 UK2023-08
Whitechain Layer 1 blockchain (formerly WB Network) launches with WBT as gas token.
Whitechain Documentation2024
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.uk2024-11-18
Hacken proof-of-reserves audit reports WhiteBIT total collateral ratio of 238%.
MEXC News exchange review2024-11-24
WhiteBIT returns frozen funds to Four Dragons' rightful owners.
WhiteBIT Official Statement2024-11
Volodymyr Nosov appointed Honorary Consul of Ukraine in the Balearic Islands (Palma de Mallorca).
GNcrypto News2024-12-11
WhiteBIT becomes first exchange to achieve CCSS Level 3 certification via Hacken audit.
CryptoTimes2025-10
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 portal2025-12
WhiteBIT officially announces US market entry with a dedicated US entity and Times Square marketing campaign.
Scroll.media2025-12-04
S&P Dow Jones Indices adds WBT to five cryptocurrency indices including the Broad Digital Market Index.
PR Newswire2026-01-26
Russia's Prosecutor General's Office designates WhiteBIT and W Group as 'undesirable organizations' over support for Ukraine's military.
CoinDesk2026-03-05
WBT begins trading on Kraken exchange with WBT/EUR and WBT/USD pairs.
Chainwire / CryptoPatatoDecision Log
- #3review revise-20⛓ pending8/27/2026, 4:10:31 PMhash: FQJiVJEdoE589FxFgi533Xgxr94g6hEaxaXyjYx3LS14
- #2review⛓ pending8/27/2026, 4:10:31 PMhash: 6K5JpE3gGVTNLHAVpk9qCTBAmFQqJRkodwnL4BtvmuTc
- hash: GQjHc2DKdodJFtTNNzNukR9U8sovuAiYPtBuDBSeHe9C
This investigation is cryptographically anchored to the Solana blockchain (1 event). 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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