Bitfinex Denies Involvements With Crypto Capitals Allegations Of Fraud



Crypto exchange, Bitfinex has openly denounced all allegations put to it in relation to the arrest and prosecution of its ex-fund manager, Crypto Capital. The cryptocurrency exchange also clearly stated that Crypto Capital performed no fraudulent or event of money laundering on its behalf.

Crypto Capital’s Key Execs In Custody Of Authorities

According to an official statement by Bitfinex, a key official of its ex-fund management firm, Crypto Capital, Ivan Manuel Molina Lee, who was detained by Greek authorities few years ago has, this week been extradited to Poland to be tried in a court of law sited in the country.

Similarly, another Crypto Capital executive, Oz Yosef (more commonly known as Oz Joseph), was indicted on three criminal counts by the U.S. Attorney for the Southern District of New York. Proceedings and previous court and public hearings have mentioned Bitfinex as a client of Crypto Capital, a relationship of which made it reasonable to believe that Bitfinex might, in one way or the other, be involved in some of the criminal count charges against its former fund manager.

Bitfinex Denies Suggestions Of Illicit Financial Pratices

However, though Bitfinex admitted it in its official statement that it indeed “rely upon various systematic representations from Crypto Capital, including from Molina and Yosef, that proved to be false”, it maintained that the cryptocurrency exchange, Bitfinex was a victim of fraud rather than an accomplice. According to the official statement,

“Among those misrepresentations, Crypto Capital regularly referred to its integrity, banking expertise, robust compliance programme and financial licences. This was designed to assure us that Crypto Capital was capable of handling Bitfinex’s transactions.”

“Bitfinex is the victim of a fraud and is making its position clear to the relevant authorities, including those in Poland and the United States.”

Further defining its position on the matter, Bitfinex concluded that suggestions regarding Crypto Capital laundering proceeds of drug deals and other illicit activities for which its key officials are being tried on behalf of Bitfinex are false.

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