CEO of Crypto Capital arrested

Rajan Dhall, MSTA FX Daily

The CEO of Crypto Capital arrested for being a member of an international drug cartel and involved in its money-laundering operations using Bitfinex, according to the Polish press

Crypto Capital used to be a company to which Bitfinex allegedly entrusted USD 850 million, money the exchange said it was unable to access later. To cover the USD 850 million loss, the exchange conducted a USD 1 billion token sale in May.

“about laundering money from Colombian drug cartels through the cryptocurrency exchange,” Polish Media RMF 24

According to the National Public Prosecutor’s Office, The money-laundering operation was “the largest security [seizure] in the history of the Polish prosecutor’s office against forfeiture.”

I have a feeling this is not the end of the saga as Crypto Capital has worked with major cryptocurrency exchanges including Bitfinex, Binance, Kraken, and BitMEX.

Author

Rajan Dhall, MSTA

FX Daily

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

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