Tokens for a Billion in Anonymous Wallet: Russia, USA, Elbe
- PRAGUE (AP) — the Mitilena cryptocurrency wallet, marketed as a secure storage solution, faces scrutiny due to its unclear ownership structure.While originating in the Czech republic, the wallet's...
- Mitilena came to the attention of SZ Business editors during an investigation into the Verdant APF group.
- Karel Mičulka of Verdant APF stated, "We decided to use Mitilena's wallets so that we do not have to create our own infrastructure and blockchain...
Mitilena Cryptocurrency Wallet’s Opaque Ownership Raises Concerns
Table of Contents
- Mitilena Cryptocurrency Wallet’s Opaque Ownership Raises Concerns
- Mitilena Cryptocurrency Wallet: unveiling the Concerns
- What is the Mitilena Cryptocurrency wallet?
- What are the main concerns about Mitilena?
- How is Verdant APF connected to Mitilena?
- Why did Verdant APF choose Mitilena wallets?
- Who recommended Mitilena, and what is their background?
- What is Platon Life, and what is its connection to this story?
- Who is Igor Sokurenko, and what is his role?
- What is Blackwood Software?
- Why is Verdant APF’s connection to Blackwood Software significant?
- How did the ownership of Mitilena shift?
- Why is Wyoming’s registration location concerning?
- Why is open-source code important for a cryptocurrency wallet?
- Does Mitilena have public source code?
- What advice was given about the security of a wallet with no source code?
- What were the outcomes of attempts to contact igor Sokurenko?
- Summary of Key Concerns
PRAGUE (AP) — the Mitilena cryptocurrency wallet, marketed as a secure storage solution, faces scrutiny due to its unclear ownership structure.While originating in the Czech republic, the wallet’s management has shifted, leading to questions about openness and security.
Verdant APF and mitilena: A Tangled Web
Mitilena came to the attention of SZ Business editors during an investigation into the Verdant APF group. Verdant APF, a holding company focused on agricultural land investment, utilizes its own digital tokens. Investors are required to store these tokens in the Mitilena wallet, according to the terms of service. Verdant APF has reportedly sold tokens worth approximately 1 billion Czech crowns and holds unsold tokens within Mitilena wallets.
Karel Mičulka of Verdant APF stated, “We decided to use Mitilena’s wallets so that we do not have to create our own infrastructure and blockchain… we have been told that it is a reliable wallet.” Mičulka indicated that Vanda Koromházová, a cryptocurrency specialist and former banker, recommended Mitilena. Koromházová also designed Verdant APF’s cryptocurrency architecture.
Links to Platon Life and Igor Sokurenko
Koromhazová previously worked at Platon Life, a cryptocurrency firm under investigation by the National Center Against Organized Crime since 2022 for alleged fraud. During her time at Platon Life, Koromhazová collaborated with igor Sokurenko, a Russian developer based in the Czech Republic.
Verdant APF Group: Key Facts
- holding is profiled as a group of investing in agricultural land
- The Verdant APF Group Financing mainly ensures the sale of digital tokens
- At the end of 2024, the accounting value of the land group was to be 665 million crowns
- verdant APF’s total liabilities are 1.2 billion crowns
- The Verdant APF Group is managed by Karel Mičulka, who is a natural person in insolvency and in the past was punished for non -payment of taxes
- After breaking up with a retailer network in 2024, the holding faces financial difficulties
- In March 2025, one of the companies from the insolvency petition group briefly faced, but the court rejected the insolvency petition
- The Verdant APF Group has client and personnel links to the cryptocurrency company PLATON LIFE investigated for suspicion of fraud
According to Vanda Koromhazová, Sokurenko was “a great guy.”
Sokurenko founded Blackwood Software, a British company that acquired Mitilena Wallet in March, according to the British Commercial Register. He served as a director until April 2024.
Moreover, one of Verdant APF’s companies holds a minority share (one percent) in Blackwood Software.
“We knew we would need a lot of wallets because we would have a lot of clients,” an unnamed source stated, implying the share in Blackwood Software secured verdant APF preferential access to mitilena.
Ownership Transfer to the United States
On march 5, Mitilena Wallet became Mitilena Wallet USA, registered in Wyoming, according to the British Commercial Register.The Wyoming-based entity was established just a week prior to acquiring the British Mitilena Wallet.
The terms and conditions on Mitilena’s website now refer to the American company, Mitilena Wallet USA, rather of the British company.
wyoming Registration and Anonymity
wyoming is known as a tax haven within the United States, offering companies minimal taxes beyond federal levies.The state also allows for the concealment of company ownership, making it unachievable to ascertain the ultimate owners of Mitilena Wallet USA.
Security Concerns and Open-Source Verification
For cryptocurrency wallets,publishing source code is a common practice,allowing users to verify security.Tomáš Sušánka, Technical Director of SATOSHILABS, the company behind the Trezor hardware wallet, emphasized the importance of open-source access. “If the hardware wallet manufacturer offers its source code freely for inspection… it can be checked that it is really safe,” Sušánka said. He added that a strong community of technically skilled individuals constantly searches for vulnerabilities in open-source wallets.
No public source code was found for Mitilena wallets.
Sušánka advised that if source code is unavailable, investigating the company’s history, market presence, customer base, product reviews, and company structure is crucial for protecting cryptocurrency savings.
Attempts to Contact Sokurenko Unsuccessful
SZ Business attempted to contact Igor Sokurenko and Blackwood Software for comment but received no response. Available telephone contacts for Sokurenko and his associates were either non-functional or unanswered.
Mitilena Cryptocurrency Wallet: unveiling the Concerns
What is the Mitilena Cryptocurrency wallet?
The Mitilena cryptocurrency wallet is a digital storage solution designed to hold and manage various cryptocurrencies. It was initially marketed as a secure option for users to keep their digital assets safe.
What are the main concerns about Mitilena?
The primary concern surrounding the Mitilena wallet revolves around its opaque ownership structure. While the wallet originated in the Czech republic, its management has shifted, raising questions regarding openness and security. This lack of clarity makes it challenging to ascertain who ultimately controls the wallet and,by extension,the digital assets stored within.
How is Verdant APF connected to Mitilena?
Mitilena came to attention during an investigation into the Verdant APF group, a holding company investing in agricultural land. Verdant APF requires its investors to store their digital tokens in Mitilena wallets. The company reportedly sold tokens worth approximately 1 billion Czech crowns and holds unsold tokens within mitilena wallets.
Why did Verdant APF choose Mitilena wallets?
According to Karel Mičulka of Verdant APF, the company chose Mitilena to avoid building its own infrastructure and blockchain.He mentioned they were told Mitilena was a reliable wallet. He also noted that Vanda Koromházová, a cryptocurrency specialist and former banker, recommended Mitilena and designed Verdant APF’s cryptocurrency architecture.
Who recommended Mitilena, and what is their background?
Vanda Koromházová, a cryptocurrency specialist and former banker, recommended Mitilena to verdant APF. She also designed Verdant APF’s cryptocurrency architecture.
What is Platon Life, and what is its connection to this story?
Platon Life is a cryptocurrency firm that is under investigation by the National Center Against Organized Crime since 2022 for alleged fraud. Vanda Koromházová previously worked at platon Life.
Who is Igor Sokurenko, and what is his role?
Igor Sokurenko is a Russian developer based in the Czech Republic. He collaborated wiht Vanda Koromhazová when she worked at Platon Life. sokurenko founded blackwood Software, a British company that acquired Mitilena Wallet in March, according to the British Commercial Register. He served as a director until April 2024.
What is Blackwood Software?
Blackwood Software is a British company founded by Igor Sokurenko. it acquired the Mitilena Wallet in March. One of Verdant APF’s companies owns a minority share (one percent) in Blackwood Software.
Why is Verdant APF’s connection to Blackwood Software significant?
The minority share owned by Verdant APF in Blackwood Software implies preferential access to Mitilena for Verdant APF clients.
How did the ownership of Mitilena shift?
Mitilena Wallet’s ownership changed significantly. On march 5, it became Mitilena Wallet USA, registered in Wyoming. This shift from a British entity to a US-based one is a notable change.
Why is Wyoming’s registration location concerning?
Wyoming is known for its business-friendly environment, including offering minimal taxes. Furthermore, Wyoming allows companies to conceal their ultimate owners, making it difficult to identify the individuals behind Mitilena Wallet USA. This secrecy raises concerns about accountability and transparency.
Why is open-source code important for a cryptocurrency wallet?
Publishing source code is standard practice for cryptocurrency wallets. Tomas Sušánka, Technical Director of SATOSHILABS (Trezor wallet), said that open-source code allows users to verify the security of a wallet. A large community of skilled individuals can inspect the code for vulnerabilities.
Does Mitilena have public source code?
No public source code was found for Mitilena wallets.
What advice was given about the security of a wallet with no source code?
If source code is unavailable,investigating the company’s history,market presence,customer base,product reviews,and company structure is crucial.
What were the outcomes of attempts to contact igor Sokurenko?
SZ Business attempted to contact Igor Sokurenko and Blackwood Software for comment but received no response.Available phone contacts were either non-functional or unanswered.
Summary of Key Concerns
| Aspect | Details | Concerns |
| —————— | —————————————————————————————————————————————————————————- | ——————————————————————————————————————————— |
| Ownership | Initially Czech, shifted to British, then to Mitilena Wallet USA (Wyoming) with unclear ultimate owners. | Lack of transparency; who controls user funds? |
| Verdant APF Links | Requires clients to store tokens in Mitilena wallets; Verdant APF also has a small share in Blackwood Software. | Possible conflicts of interest; preferential access. |
| Wyoming Registration | State known for minimal taxes and allowing concealment of ownership. | Makes it harder to trace who is responsible and reduces accountability |
| Source Code | No public source code available for Mitilena.| Makes it difficult to verify the security of the