According to a Polish news website, Crypto Capital President Ivan Manuel Molina Lee was arrested on late Thursday evening. Prosecutors have alleged that Ivan Manuel is a member of an international drug cartel. Earlier this year, Polish authorities seized $350 million in cryptocurrencies in a money-laundry case that allegedly belonged to two companies that were affiliated to Crypto capital.
According to several reports, Polish authorities were looking for Ivan Manuel in connection with the money laundering case. National Public Prosecutor’s Office reported that it was the largest security seizure in the country’s history.
Crypto Capital has worked with several global crypto exchanges, including Bitfinex, Binance, Kraken, and Bitmex. Bitfinex had earlier reported that they lost $850 million that they entrusted with Crypto Capital. The exchange is still trying to recover those funds. It is alleged that Crypto Capital has been providing banking services to crypto exchanges around the world without a proper license.
