What is Crypto Capital, the Dark Bank of the Cryptographic Currency Industry?
The bank account where iFinex, which operates Bitfinex, a virtual currency exchange, has deposited the US dollar, which is the deposit of Tether, has been frozen by the US Department of Justice, and has been put there. Many people know that $ 850 million has been frozen.
The corporation called Crypto Capital, which managed this account, is a business operator of payment processors, but also a business operator. Crypto Capital is treated as if it were shadow banking for a cryptocurrency operator.
Crypto Capital has become the black bank of the cryptocurrency industry
The bank is registered in Panama, which is offshore South America and is rumored to be involved in money laundering and crime funding. Not only that, but BitMex and Binance also hold Crypto Capital’s bank account and are said to manage the legal currency there.
Since BitMex and Binance operate in an unspecified number of countries, it is expected that it will be difficult to create bank accounts in many countries in terms of their legitimacy. It is this Crypto Capital that provides a bank account there. Kraken is also believed to have used Crypto Capital for a while.
The company that seems to be the parent of Crypto Capital was established in 2012, and since then, it has repeatedly made establishments of subsidiaries and paper companies until now, and it is a bank whose reality is unclear. The real name of the representative has not been clarified until now.
Nevertheless, since the age when the crypt industry itself was treated as being embarrassing, the bank opened an account for businesses unable to create a bank account and stated that it has managed it until now. This is the dark side of the cryptocurrency industry of the period.
The purpose of iFinex’s token issuance is to compensate for frozen funds
While iFinex has been denounced on Tether, Crypto Capital may be even more suspicious. In addition, iFinex, which operates Bitfinex, sold tokens in May for the purpose of compensating for the funds deposited in this bank after the funds are frozen.
The unique token issued at this time is UNUS SED LEO. Tokens worth $ 1 billion were sold, and a public sale was planned after a private sale, but sold out at the private sale.
The token has already begun trading on its platform from May 20. This token is described in detail in this report.
iFinex is also a substantial operation company of Tether known as USDT etc. As is widely known, there is often skeptical debate about its actuality. Similarly, iFinex is a company with deep suspicion, but it can be said that Crypto Capital, which conducts banking while keeping the exchange and others at the front, may be even darker than that.
Gloss