Bitfinex and Tether have filed a lawsuit demanding the return of $800 million of client funds frozen in four countries after the arrest of Crypto Capital accounts.
Parent company iFinex filed a lawsuit in the States of Colorado, Arizona and Georgia with a request for assistance in recovering funds blocked in the company’s crypto Capital accounts. It was the payment processor of the Bitfinex cryptocurrency exchange and the tether firm behind the USDT stablecoin.
iFinex sued SunTrust Bank in Georgia, Bank of Colorado in Colorado and Arizona Bank ABT&Trust. Also, Bitfinex money was stored in banks in Poland, Portugal and the UK on the accounts of the payment company Crypto Capital, which is accused of illegal financial transactions.
“As we said earlier, the Bitfinex exchange has become a victim of fraud. Its funds were blocked in Crypto Capital accounts that were frozen at the request of law enforcement agencies in several countries, ” an iFinex representative said.
In the past 40 days alone, Tether has issued usdt stablecoins worth more than $2 billion. The total capitalization of the token on all blockchains exceeded $8 billion.
Recall that last fall, the Prosecutor’s office of the southern district of new York filed
charges against the founder of the Crypto Capital company Oz Yosef (Oz Yosef) on three articles in the framework of the ongoing criminal investigation.