October 22, 2020

Bitfinex Denies Crypto Capital Management's Presumptive Money Laundering

Bitfinex Denies Crypto Capital Management's Presumptive Money Laundering

On Friday, a statement-response to the extradition of the head of Crypto was published on the Bitfinex crypto exchange website Capital by Manuel Molina Lee. Bitfinex categorically rejects any suggestion that Crypto Capital is involved in drug laundering or other illegal activities.

The company noted that it is conducting litigationa lawsuit against Crypto Capital, reporting that they had provided custody services for Bitfinex for several years. According to Bitfinex, Crypto Capital executives provided false information about banking expertise, honesty, legal compliance, and financial licenses.

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

Bitfinex is a victim of fraud andexplains his position to the authorities, including in Poland and the USA. We cannot talk about other clients of Crypto Capital, but any assumption that Crypto Capital launders proceeds from the sale of drugs or any other illegal funds on behalf of Bitfinex or its customers is categorically incorrect.