French authorities have placed a woman under formal investigation as they examine whether alleged manipulation of Verasity’s VRA cryptocurrency helped finance tens of millions of euros in Dubai property purchases.
Summary
- French investigators suspect VRA price manipulation helped finance Dubai property purchases linked to Svetlana A.
- Svetlana A. was formally investigated and detained over organized fraud, money laundering and criminal conspiracy.
- Le Monde says she spent over €50 million on roughly 100 Dubai apartments and villas.
- VRA rose about 65-fold during spring 2021 before later collapsing from its speculative price surge.
- Patent records list Svetlana Astakhova…
