Crypto Capital

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Crypto Capital
Headquarters Panama City, Panama
Key People Ivan Manuel Molina Lee, Director
Products Bitcoin and other cryptocurrency financial services
Website cryptocapital.co

Crypto Capital is a Panama-based non-bank entity at the center of the Tether/Bitfinex scandal in which $850 million went missing and undisclosed, according an injunction sought by the New York Attorney General in April 2019.[1]

Crypto Capital is owned by Global Trade Solutions AG ("GTS").[2] Crypto Capital's website says that GTS is a member of and regulated by the Swiss "SRO ARIFF [sic]" (ARIF is the abbreviation for the Association Romande des Intermediares Financiers), which is recognized by the Swiss Financial Market Supervisory Authority as a self regulatory authority for asset managers. ARIF "is open to any non-banking financial intermediary acting in Switzerland." [3]

The Crypto Capital website also indicated in May 2019 that it still provided services for the by then defunct Canadian cryptocurrency exchange QuadrigaCX that had been put into bankruptcy by the Nova Scotia Supreme Court.[4]

According to an April 30, 2019 announcement, Ravid Yozef, an Israeli national, and Reginald Fowler, an Arizona resident, were charged by the Department of Justice for making fraudulent representations in relation to banking transactions with Crypto Capital.[5]

References

  1. U.S. DOJ Moves to Detain Defendant in Crypto ‘Shadow Banking’ Case. CoinDesk.
  2. Website. Crypto Capital.
  3. Website. Association Romande des Intermediares Financiers.
  4. Website. Crypto Capital.
  5. Arizona Man And Israeli Woman Charged In Connection With Providing Shadow Banking Services To Cryptocurrency Exchanges. Southern District of New York, U.S. Attorney's Office, Department of Justice.