Bitfinex Denies Connection to Alleged Crypto Capital Money Laundering





On Friday, Bitfinex published a statement in response to Crypto Capital principal Manuel Molina Lee’s extradition to Poland this week. Bitfinex categorically rejected any suggestion that it had any involvement in Crypto Capital’s alleged laundering of drug proceeds or other illicit activities.

The company noted that it has already explained its relationship with Crypto Capital in court filings and said that the company provided fund processing services for Bitfinex for several years. According to Bitfinex, Crypto Capital principals provided “systematic representations” about the company’s banking expertise, integrity, legal compliance and financial licenses “that proved to be false.”

In the statement, Bitfinex referred to itself as a victim of fraud:

Bitfinex is the victim of a fraud and is making its position clear to the relevant authorities, including those in Poland and the United States. 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. This week's developments do nothing to affect or otherwise deter Bitfinex's claims to funds in Poland or anywhere else. We will continue to work to recover all funds for and on behalf of our stakeholders.

Author: Ken Chase

Freelance writer whose interests include topics ranging from technology and finance to politics, fitness, and all things canine. Aspiring polymath, semi-professional skeptic, and passionate advocate for the judicious use of the Oxford comma.

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