The Qmall token scheme: how crypto fraudster Bohdan Prylepa profited from "empty shells"

confirmed by another resource – Coingecko: coin volume – zero, trading pair volume – zero, trading volume – zero. And users state that it’s impossible to withdraw money from Coinsbit.

the reviews on the same Minfin are far from inspiring:

"Liquidity – zero, junkyard", "functional zero, no liquidity, the list of trading pairs consists of 80% trash, the exchange is not developing, the exchange token fell by 93%". The token, by the time since the comment date (February 2023), fell not by 93%, it hopelessly plummeted into the abyss. As of December 13, 2024, the Qmall token costs 61 kopecks. Although at the launch of the exchange, its price was 21.64 hryvnias, and at its peak, it was 35.05 hryvnias.

Now, let’s return to the beginning of the publication. As already mentioned, several publications specializing in investigations have reported in recent months that Bohdan Prylepa not only "threw" people who invested money in his crypto exchanges but also fled abroad, taking with him money allegedly collected to help the Ukrainian Armed Forces. Following this escape, materials appeared linking Prylepa to Russian special services.

Whether Bohdan Prylepa is connected with Russian special services – there is no definitive data yet. But the fact of escape is evident. As is the disappearance of over a billion hryvnias from cryptocurrency accounts intended for purchasing drones for the army. Analysis of the activities of all three crypto exchanges associated with Bohdan Prylepa - Coinsbit, Qmall, and Tidex – shows that these are unequivocally failed projects. But it very much seems that this is exactly how they were conceived. After people invested money and trading began, it was discovered that withdrawing this money back was practically impossible.

On the exchanges where this possibility exists, Prylepa profited differently – by selling his token at an inflated price. Initially, interest in the token was fueled by artificial price inflation, causing an agitated demand, and then it turned out that investors had bought a mere empty shell. A striking example is the Qmall token price chart shown above. The scheme is simple and elegant, proving fraudulent intentions is almost impossible, and all the victims’ arguments are countered with a simple response: this is the exchange rate, it’s the market.

The conclusion from all the above is simple: whatever Bohdan Prylepa claims in paid publications, he is just an ordinary fraudster, among those that have recently become notorious in Ukraine. Regarding the fact that the "attack" on him was ordered by his former partner Mykola Udyanskyi – it is possible, but this does not cancel the fact of fraud, as well as the theft of money that people collected for the army. As for cooperation with the FSB – let competent authorities figure it out. If they suddenly find the time and desire