Romanian Cryptocurrency Entrepreneur Bogdan Peșchir Involved In Election Fraud Investigation

According to Odaily, Romanian cryptocurrency entrepreneur Bogdan Peșchir has been implicated in an investigation concerning election fraud financing. Authorities discovered $7 million at Peșchir's residence, raising suspicions about his involvement in sending $381,000 to various TikTok accounts. These accounts have been actively promoting Călin Georgescu, a far-right, pro-Russian independent candidate, who emerged on Romania's political scene just weeks before the first round of voting in late November. Approximately 25,000 TikTok accounts, with a combined following of 8 million, have suddenly started endorsing Georgescu, an unknown anti-NATO engineer. This unexpected surge in support has drawn attention to Peșchir's connections within the cryptocurrency industry. His business dealings include a partnership with BitXATM, a Romanian crypto ATM company that faced a theft scandal in 2016. The company's founder, Gabrial Prodanescu, accused a former employee of the crime, and Peșchir testified during the trial, which resulted in a conviction. Following the incident, BitXATM ceased updating its website, leading some users to report lost funds. Prodanescu later established another cryptocurrency company in the UK under the same name and also launched a subsidiary called Globaya LTD, where Peșchir is listed as an employee. This series of events has intensified scrutiny on Peșchir's role in the election fraud investigation.