Exchange Bitfinex says they are a victim of fraud after the CEO of Crypto Capital was arrested for being a member of an international drug cartel and involved in its money-laundering operations using the Bitfinex exchange. The exchange and affiliated companyTether claimed that it was the “victim of a fraud” at the hands of Crypto Capital, a payment processor that allegedly lost $880 million of Bitfinex’s cash. The authorities had written that Crypto Capital’s Molina Lee’s crimes included “laundering dirty money for Columbian drug cartels using a cryptocurrency exchange.”. In a statement Bitfinex stated it will “make its position clear” to U.S. and Polish authorities and will continue to pursue the funds that Crypto Capital lost. They also added Crypto Capital had misrepresented its “integrity, banking expertise, robust compliance programme and financial licences” the firm. The case still continues with Bitfinex still in hot water with the New York attorney general. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next USD/JPY technical analysis: There is room to the upside – 110.00 can be next FX Street 3 years Exchange Bitfinex says they are a victim of fraud after the CEO of Crypto Capital was arrested for being a member of an international drug cartel and involved in its money-laundering operations using the Bitfinex exchange. The exchange and affiliated companyTether claimed that it was the "victim of a fraud" at the hands of Crypto Capital, a payment processor that allegedly lost $880 million of Bitfinex's cash. The authorities had written that Crypto Capital's Molina Lee's crimes included "laundering dirty money for Columbian drug cartels using a cryptocurrency exchange.". In a statement Bitfinex stated it will "make its position… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
