June 19, 2024

Bitfinex Denies Crypto Capital Management's Presumptive Money Laundering

Bitfinex Denies Crypto Capital Management's Presumptive Money Laundering

On Friday, a statement in response to the extradition of the head of Crypto was published on the website of the Bitfinex crypto exchangeCapital by Manuel Molina Lee. Bitfinex categorically denies any suggestion of involvement in the laundering of drug proceeds or other illegal activities of Crypto Capital.

The company noted that it is conducting legal proceedingsproceedings against Crypto Capital, reporting that they provided custody services to Bitfinex for several years. According to Bitfinex, Crypto Capital executives misrepresented their banking expertise, integrity, legal compliance, and financial licenses.

In a statement, Bitfinex identified itself as a victim of fraud:

Bitfinex is a victim of fraudand explains his position to authorities, including in Poland and the United States. We cannot speak for Crypto Capital's other clients, but any suggestion that Crypto Capital is laundering drug proceeds or any other illicit funds on behalf of Bitfinex or its clients is categorically incorrect.