President of Crypto Capital Was Arrested
October 25, 2019, by Marko Vidrih on ALTCOIN MAGAZINE
Crypto Capital president Ivan Manuel Molina Lee was arrested by the Polish authorities for allegedly participating in an international drug cartel and money laundering through the Bitfinex cryptocurrency exchange, according to several Polish news sites.
It was the exchange that supposedly entrusted the payment service Crypto Capital to $850 million, after which it lost access to it and used the reserves of its sister company Tether to make up for the loss.
Earlier, the Polish Ministry of Justice blocked the bank accounts of Crypto SP. Z O.O. and seized $350 million, allegedly owned by the company and NESP SP. Z O.O., which, in turn, may be associated with Crypto Capital and the detainee, is evidenced by several financial documents. The withdrawal of funds was carried out as part of an operation by Polish law enforcement authorities to prevent the laundering of money from a Colombian drug cartel through a cryptocurrency exchange.
According to the Decrypt portal, several other large exchanges, including Binance, Kraken and BitMEX, also used Crypto Capital payment services.
Earlier this week, it became known that Bitfinex asked to sue Rondell Clyde Monroe, the former vice president of TCA Bancorp, allegedly associated with Crypto Capital.
Author: Marko Vidrih
