Introduction
Nikolay Udyansky, a Ukrainian tech entrepreneur born in 1983, has developed, acquired, and sold several cryptocurrency exchanges such as Coinsbit, LocalTrade, and QMall. He currently holds the position of Honorary Consul of Romania in Kharkiv. Journalists and blockchain investigators claim he is the concealed founder or beneficial owner of YoBit, an exchange known for its opacity, though the platform remains registered in Panama with nominee directors and has never confirmed its true ownership. The alleged links to YoBit remain disputed, with some investigations naming Russian businessman Pavel Krymov as its original creator. Due to Udyansky’s prominent public image, large Instagram following, and multiple allegations of fraud and Russian associations, he presents substantial reputational and compliance risks to business partners.
2. Identity & Background
|
Item |
Detail |
|
Full name |
Mykola Oleksandrovych Udyanskyi (also known as Nikolay Udyansky) |
|
Date / place of birth |
22 May 1983, Kharkiv, Ukraine (Source: uk.wikipedia.org) |
|
Education |
B.Eng in Highway & Airport Construction (2009), Kharkiv National Automobile-Road University; LL.B in Cyber-security (2019), Kharkiv National University of Internal Affairs (Source: uk.wikipedia.org) |
|
Current public role |
Honorary Consul of Romania in Kharkiv (appointed 2023) |
|
Social media reach |
~2 million Instagram followers (@ud30) (Source: instagram.com) |
3. Corporate Footprint
|
Year |
Entity / Product |
Role |
Notes / Status |
|
2013 |
Prof-IT / EHold |
Co-founder |
Ukrainian development firm specialising in exchange back-end and blockchain solutions (Source: golden.com) |
|
2018 |
Coinsbit |
Co-founder & CEO (exited 2019) |
Exchange targeted at CIS retail traders; persistent wash-trading and fake volume allegations |
|
2019 |
LocalTrade |
Majority owner (sold 2020) |
OTC / DeFi hybrid exchange; sold to undisclosed buyer |
|
2021- |
QMall |
Co-founder (with Bohdan Prilepa) |
Ukrainian exchange aiming for MiCA compliance; HQ in Kyiv |
|
2023- |
Parlament Media Group |
Shareholder |
Ukrainian media holding (non-crypto) |
4. Alleged Involvement with YoBit
Corporate structure. YoBit operates as YoBiCrypto Corp., registered in Panama (Plaza 2000 Tower, Calle 50) since 2014 by anonymous “European developers”. Public records do not list directors or UBOs (Source: coincentral.com).
Statements by Udyansky. In a 2021 interview with Forbes Ukraine, he described EXMO, YoBit, and BTC-E as platforms “quietly built by our Phuket developer circle,” suggesting knowledge or participation (Source: forbes.ua).
Marketing indicators. Tweets from Udyansky’s controlled accounts during 2022–2023 promoted YoBit pump timers and airdrops, implying at least an affiliate connection (archive copies exist, original links now require login).
Counter-claim. Investigations by CoinRivet (2018–2020) and other reports identify Pavel Krymov, arrested in Moscow for fraud, as YoBit’s founder (Source: coinrivet.com).
Assessment. While direct proof linking Udyansky to YoBit corporate records is missing, his statements, developer community ties in Phuket, and YoBit marketing activities suggest plausible beneficial ownership. The Krymov narrative may indicate multiple owners or use of nominee structures.
5. Legal, Regulatory & Reputational Issues
-
Fraud and AML claims. Ukrainian media and BlackBox OSINT (April 2025) allege involvement in “crypto-laundromats,” diversion of military donations, and connections with Chechen businessmen aligned with Kadyrov (Source: news.depo.ua).
-
Wikipedia allegations. States his exchanges helped clients bypass NBU restrictions via P2P transfers.
-
Russian citizenship. Reports indicate Udyansky retained a Russian passport until mid-2023.
-
Watch-lists. Listed on the Ukrainian Myrotvorets database for activities deemed “threatening national security”.
-
Academic integrity dispute. Ukrainian anti-corruption outlets claim he purchased his 2019 law PhD (Source: antikor.com.ua).
-
Interpol notice (unconfirmed). A December 2024 blog post alleged several Interpol Red Notices (A-15032-/33-/35-/36-2024) were issued against him, with no official verification (Source: 4-dragons.com).
6. Wealth & Public Persona
-
Ranked as the 59th richest Ukrainian by Forbes Ukraine in 2021, with an estimated net worth of approximately USD 180 million.
-
Uses Instagram to present a lifestyle brand featuring private jets, Monaco trips, and Binance events, branding himself as a “Top-10 CIS blockchain entrepreneur” (Sources: instagram.com, prostir.fandom.com).
7. Risk Analysis for Counterparties
|
Risk Vector |
Observation |
Impact |
|
KYC / Beneficial ownership opacity |
Uses offshore shell companies with nominee directors for YoBit and other ventures |
High – potential CDD failure |
|
Regulatory exposure |
Runs no-KYC exchanges; previously linked to circumventing NBU controls |
Medium-High |
|
Reputational |
Listed on OSINT and Myrotvorets; repeated fraud and Russian ties allegations |
High |
|
Law-enforcement |
Unverified Interpol notices; former partner Coinsbit faced exit-scam rumours |
Medium |
|
Operational |
Pattern of launching and exiting exchanges within short timeframes |
Medium (continuity risk) |
8. Open Questions & Next Steps
-
Corporate registries: Obtain ultimate-beneficial-owner filings for YoBiCrypto Corp. (Panama) and related UAE entities.
-
Banking/payment rails: Identify correspondent accounts used by YoBit/QMall to establish potential control links.
-
Telegram & GitHub forensics: Map Phuket-era developer commits and chat logs mentioning YoBit.
-
Law-enforcement: Confirm existence of any Interpol Red Notices or active Ukrainian charges.
9. Conclusion
Nikolay Udyansky remains a high-profile Ukrainian crypto entrepreneur adept at rapidly launching and exiting exchanges before regulatory or reputational risks escalate. While direct proof of his ownership of YoBit remains elusive, his public comments and multiple circumstantial ties point towards at least silent shareholder status or early operational influence.