A member of the board of the Safmar group Said Gutseriev sold his stakes in the cryptocurrency platforms Currency.com, Capital.com and Zubr.io, according to «Ведомости». The businessman’s representative confirmed the deal.
The buyers were the FTX exchange and Belarusian entrepreneur Viktor Prokopenya. The financial terms were not disclosed, but according to the publication, Gutseriev could have earned around $150 million.
A representative of VP Capital told ForkLog that the information presented in the newspaper «Ведомости» was inaccurate. He explained that the buyer of the stakes in Currency.com and Capital.com was VP Capital, the business of Viktor Prokopeni, and Zubr.io was the FTX exchange.
The businessman invested in Capital.com in 2017, together with Prokopeni, $12.5 million each. Later the startup became the infrastructure company for the cryptocurrency exchange Currency.com.
In 2018 Gutseriev founded the cryptocurrency derivatives platform Zubr.io. Control of the legal entity belonged to Innovatia Ltd. In May its owner, instead of Gutseriev’s fund, became Larnabel Enterprises Ltd, the buyer being the FTX exchange.
The stakes in Currency.com and Capital.com were bought back by Prokopeni. The businessman confirmed in a ForkLog comment that he is now the full owner of the two companies.
Representatives of the investment firm VP Capital said they had bought out Larnabel Ventures’ stakes in Currency.com and Capital.com. In their words, it took more than a year to complete the deal and required clearance from several international financial regulators.
Financial terms and other details of the deal were not disclosed.
As previously reported, at Currency.com’s launch Gutseriev and Prokopenya together invested about $10 million in the exchange.
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