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Crypto Capital President Arrested in Connection to Money Laundering and More

The president of Crypto Capital, Ivan Manuel Molina Lee was arrested in Poland. He is said to be part of international narcotics cartel. His company Crypto SP Zoo had the Bitfinex bank account in Poland with 850 million USD that was seized by the Polish Ministry of Justice some time ago.

After BFX couldn’t access money, they did an IEO that got them over 1 billion USD worth of crypto to still be liquidated.

The media claim that the company was washing Colombian drug cartels money through the companies and bank account in a very small city of Poland.

Decrypt claims that Binance, Kraken, and BitMEX also used the banking services offered by Crypto Capital.

It is still not clear if all this mess was already counted into loses of the exchange(s) or this arrest will make more harm to the crypto sphere.

Exchanges of this size might tend to overlook this event. While this news may not hurt Bitcoin (BTC), speculators love to play on them, which will uncertainly lead to the downside of bitcoin price

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Crypto Stats


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin56,560 0.14 % 0.66 % 5.59 %
Ethereum2,325.4 0.64 % 5.30 % 8.54 %
Binance Coin567.45 1.10 % 11.04 % 5.20 %
Tether1.000 0.38 % 0.31 % 0.21 %
Polkadot43.88 0.58 % 0.43 % 36.39 %
Cardano1.260 0.81 % 3.08 % 4.24 %
XRP1.370 1.06 % 1.13 % 6.16 %
Uniswap31.68 0.10 % 2.43 % 13.75 %
Litecoin267.46 0.88 % 0.31 % 9.29 %
Chainlink38.41 0.00 % 2.62 % 15.74 %