Information is emerging of the seizure of €400 mln from an account that is reportedly affiliated with crypto exchange Bitfinex at the Cooperative Lender in Skierniewice, Poland. The investigation is allegedly tied to Colombian drug cartel operations, a neighborhood news outlet reported April 6. The report has not however been officially verified or denied by Bitfinex.
The confiscated money are explained to correspond to the defrauding of €400,000 from The Belgian Ministry of International Affairs during the design of its embassy in the Democratic Republic of Congo.
Prosecutors are explained to be investigating accounts connected to two businesses. One particular is registered in the vicinity of Pruszków, and is explained to be headed by somebody of Canadian-Panamanian descent. The second organization is allegedly presided about by a gentleman with Colombian and Panamanian citizenships. The two businesses are explained to have about 1.27 bln PLN ($371 mln) deposited on their accounts.
It is this second account that is documented to be tied to Bitfinex. In late 2017, files posted on line appeared to clearly show Bitfinex directing its shoppers to an account at the Cooperative Lender in Skierniewice, as Bloomberg reported.
On Polish forum Bitcoin.pl, one Bitfinex consumer has claimed he was interrogated by Polish police very last 7 days: “I testified as a witness regarding the case of Crypto sp z o.o for the reason that they sent me cash from Bitfinex and their accounts have been blocked.”
Today’s reviews in Polish media lifted the suspicion that there is a link among Panama registered Crypto sp z o.o (and guardian organization Crypto Capital Corp.) and narcotics trafficking networks, suggesting that the criminals converted fiat into crypto to go over their tracks.
No fees have been filed however, with Polish prosecutors awaiting Europol and Interpol cooperation.
There has been much controversy bordering Bitfinex and sister organization Tether, both obtaining subpoenas from U.S. regulators in December for undisclosed factors. In 2017, Wells Fargo & Co. allegedly refused to proceed functioning as a correspondent bank for Bitfinex and sister organization Tether. Bitfinex then filed a lawsuit that was quickly dropped.
Blogger Bitfinex’ed repeatedly posted his problems about the obscurity bordering the exchange’s bank accounts, ensuing in Bitfinex threatening to pursue authorized action from him.
Speculation has also arisen that Tether has been functioning a fractional reserve and is masking about its reserve deficit in complicity with Bitfinex. Suspicions mounted further when Tether allegedly dissolved its romantic relationship with a third-social gathering auditor.
As of push time, Bitfinex has not responded to Cointelegraph’s ask for for remark.