The prevalent crypto exchange, Bitfinex, has refuted playing any part in any illicit activities. The platform has claimed that it scammed as it was the “victim of a fraud” from the Crypto Capital.
Crypto Capital, the payment processor, purportedly lost amount worth $880 million of Bitfinex’s money, and Ivan Manuel Molina Lee, the president of the capital, was seized this Thursday by Polish authorities on charges of money laundering. As per the officials, Molina Lee is indicted for the crimes, including “laundering dirty money for Columbian drug cartels using a cryptocurrency exchange.”
Stuart Hoeger, Bitfinex general counsel, stated, ” We cannot speak about Crypto Capital’s other clients, but any suggestion that Crypto Capital laundered drug proceeds or any other illicit funds at the behest of Bitfinex or its customers is categorically false.”
Bitfinex has declared that it will “make its position clear” to the United States and Poland authorities. The exchange stands firms to obtain back the funds the Crypto Capital has expended. As per the statement, Crypto Capital has misled its “integrity, banking expertise, robust compliance program, and financial licenses” to the crypto network.