On Friday, the Bitfinex cryptocurrency exchange and Tether`s stable coin issuing company said they were the “victim of fraud” by Crypto Capital.
Recall, the president of Crypto Capital, Ivan Manuel Molina Lee, was arrested on Thursday in Poland. Earlier, the company said that they allegedly lost $880 million, which belonged to Bitfinex. The media say that Crypto Capital was involved in money laundering for Colombian drug cartels.
In a Friday`s statement, Bitfinex said it would “clarify its position” with the US and Poland authorities and will continue using funds lost by Crypto Capital. According to the statement, Crypto Capital provided false information to Bitfinex about its integrity, results of a banking examination, compliance program and financial licenses.
Molina Lee was wanted in Poland for laundering $1.5 billion zlotys (about $390 million) from illegal sources, according to reports in the Polish newspaper W Polityce. Bitfinex has denied rumors that it played a role in money laundering with this payment processor.