Bitfinex Denies Involvement with Columbian Drug Cartels
Illustration of a washing machine with dollars and bitcoins by sides

Bitfinex Denies Involvement with Columbian Drug Cartels

Apr 10, 2018, 4:53PM
Hacks & Frauds 1 min, 43 sec READ
by Ricardo Carrasco

Bucking rumors of connections to Colombian drug cartels and money laundering scandals, Bitfinex continues with business as usual.

Recent reports suggested the $380 million Polish Police seized from two companies in connection with a massive money laundering scheme linked with Colombian drug cartels also connected to the cryptocurrency exchange Bitfinex.  Yesturday spokespersons for the company have reached out to adamantly deny any involvement the scandalous affair.

Local Polish news site tvp.info published the sensational accusation on April 6th.  The article suggested a Bitfinex board member was connected to an account in the Cooperative Bank in Skierniewice that was later linked to Colombian cocaine trafficking. The account, and the drug cartels, were then linked to Panama-registered "CRYPTO SP Z O.O" and its parent company "Crypto Capital Corp", both of which were apparently created with the goal of laundering drug money, for the cartel, through crypto.

Bitfinex made the following statement: 

"Bitfinex can confirm that it is aware of the current allegations that have been reported by Polish media over the past several hours. Bitfinex believes that these allegations are untrue and Bitfinex customers and operations are unaffected by false rumors. Bitfinex is proud to be the world’s leading crypto exchange, and in this capacity works tirelessly to remain in strict compliance with authorities and regulators worldwide.”

RELATED ARTICLES

Unphased by the sensational rumors Bitfinex, recently added 12 new Ethereum Tokens, and new Fiat trading pairs.

The platform now supports the following Ethereum Tokens:

  • Aion (AION)
  • IOSToken (IOST)
  • Request Network (REQ)
  • Raiden Network (RDN)
  • Loopring (LRC)
  • BnkToTheFuture Token (BFT)
  • Cofound.it (CFI)
  • WAX (WAX)
  • SingularityNET (AGI)
  • MedicalChain (MTN)
  • ODEM (ODEM)
  • DAI (DAI)

They have also added the following trading pairs:

  • BTC – BTC/JPY & BTC/GBP
  • ETH – ETH/EUR, ETH/JPY & ETH/GBP
  • NEO – NEO/EUR, NEO/JPY & NEO/GBP
  • EOS – EOS/EUR, EOS/JPY & EOS/GBP
  • IOTA – IOTA/JPY & IOTA/GBP

No charges have been filed against Bitfinex, and Polish authorities await Europol and Interpol cooperation.

 

Disclaimer: information contained herein is provided without considering your personal circumstances, therefore should not be construed as financial advice, investment recommendation or an offer of, or solicitation for, any transactions in cryptocurrencies.