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Bitfinex’s parent company iFinex Inc. has filed a lawsuit with representatives of several banks that may withhold funds from Crypto Capital’s payment processor, CoinDesk reports.
The firm has filed requests to call SunTrust Bank employees in Georgia, Bank of Colorado and ABT & Trust, respectively, in the states of Colorado and Arizona.
The company expects to receive evidence of the legitimacy of the claims for funds in the amount of approximately $ 880 million, which are stored in bank accounts in Poland, Portugal, the United Kingdom and elsewhere. Regulators frozen the assets in 2018 as part of an investigation into money laundering by the Panamanian Crypto Capital prosecution.
Last October, Polish police arrested Crypto Capital President Ivan Manuel Molina Lee, accused of participating in a drug cartel and money laundering through Bitfinex. United States Attorney Oz Yosef accused the US attorney of bank fraud and conspiracy to provide unlicensed money transfer services.
Bitfinex’s general counsel, Stuart Hogner, explained that the court’s statements are intended to elicit additional information. Banks, as a general rule, cannot share transaction data without a court order. He recalled that the exchange is considered a victim of fraud.
Last year, the court granted Bitfinex a request for testimony from former TCA vice president Bancorp Rondell Clyde Monroe. He had to confirm ownership of the exchange over “various funds”.
Remember that Bitfinex reimbursed a $ 850 million loan loss to Crypto Capital from an affiliate company, Tether. The New York State Attorney General’s Office accused the exchange of concealing the loss of assets from shareholders and violating the law by opening a line of credit with a stablecoin issuer.
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