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Automatically translated version. May contain inaccuracies compared to the original.
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Who is behind Trustee — Russian money
Absolution is starting work on the crypto service Trustee Plus (Trustee Global UAB). The impetus was readers' reports that the app blocked funds and customer support replied with templated responses for months. Before talking about users' money, let's figure out who owns the service through which those funds pass.
The face of the brand is known. It is Vadym Volodymyrovych Hrusha (1985), a native of Vinnytsia, founder and CEO of Trustee. Beside him is CTO and co-founder Kseniya Zhytomyrska. In an interview she explicitly called Hrusha the majority owner and herself a minority owner.
Legally the brand is spread across three countries. The noncustodial Trustee Wallet in app stores is issued by BlockSoftLab Inc from Delaware, whose owners are not publicly disclosed. The custodial Trustee Plus, where clients' money is actually held, is served by the Lithuanian UAB Trustee Global.
It was registered on 14 June 2022, with authorized capital of 125 thousand euros, director Vadym Hrusha. In February 2025 the company moved from Vilnius to Šiauliai. According to Lithuanian registers, it has one shareholder, a foreign natural person whose name is not shown in open data, and only two insured employees. At the same time turnover for 2024 year amounted to 2,79 million euros, and year-end assets were almost 10 million euros.
In Ukraine there is LLC “Trasti Global” from Vinnytsia (45058862). Director Vadym Hrusha holds 75%. The other part is registered to Dmytro Ivanovych Kalashnikov.
The worst moment for the company came on 21 May 2026. The Polish Minister of the Interior, at the request of the Internal Security Agency ABW, added UAB Trustee Global to the national sanctions list. Freezing of funds and economic resources was applied, a ban on directly or indirectly providing funds to the company and exclusion from public procurement.
The Polish decision states that, according to Moldova's Information and Security Service, Russian intelligence used the Trustee app as a funding channel for Shor’s party through people connected to pro-Russian oligarch Ilan Shor. The Polish side called Trustee Global a company business-related to the Russian Federation and classified part of the evidence.
The same day sanctions were also imposed on Trustee’s Polish payment partner, the company Quicko, in which 90% of the Russian LLC “Kviko” is owned. Polish analysts Recoveris claimed that the exchange in Trustee Wallet is integrated with intermediaries outside the EU, including the Kassa.cc service, which they described as a possible bridge to the Russian banking system.
🔈 Trustee denies all of this. In a statement signed by Vadym Hrusha it says the company’s apps are not available in the Russian Federation, that the company does not operate on the Russian market, does not cooperate with sanctioned banks, and Trustee Wallet was never integrated with Quicko. We present this position and await substantive responses.
📌 For Ukrainians this is not the first signal. In September 2025 the National Bank of Ukraine prohibited Trustee Global from providing P2P and euro transfer services to Ukrainian citizens as unlicensed payment activity.
⚙️ The questions to Vadym Hrusha are simple.
✔️Who is the sole shareholder of the Lithuanian operator?
✔️How did Polish counterintelligence see a channel for Shor network money in the app?
✔️Will the company appeal the sanctions in court?
✔️And where exactly are customers’ funds stored after the sanctions and loss of the card partner?
Work continues. The next piece will be about users’ funds that went into Trustee Plus and did not come out. If your funds are blocked, write to [email protected].
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