Xsolla founder Aleksandr Agapitov allegedly transferred over $100 million between 2021 and 2023 from the company to his personal accounts, according to a Bloomberg report — a claim dismissed by Xsolla president David Stelzer.
The report analysed financial documents from lawsuits filed by six former executives regarding claims of wrongful termination and the alleged transfer of funds.
This included a suit filed by former VP of global accounting Emil Aliyev last November. Aliyev alleged he was fired after discovering that $40 million had been moved from company accounts to Agapitov’s. Aliyev’s suit was dismissed with prejudice in March 2024.
