Bitfinex’s Former Payment Processor Crypto Capital’s Oz Yosef Indicted in NY Court

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The US Attorney for the Southern District of New York indicted Oz Yosef, an executive at Crypto Capital, on three criminal counts. According to an October 23 court filing, Oz Yosef was indicted by US authorities on charges involving conspiracy to carry out bank fraud, bank fraud, and conspiracy to run an unregistered money transmitting service. The filing seems to acknowledge accusations from digital asset exchange Bitfinex, which recently released a statement in which it claimed that it was a victim of fraudulent activities, allegedly carried out by Crypto Capital, the exchange’s former payments processor. On April 25 2019, the New York Attorney General’s (NYAG) office issued a statement in which it claimed that Bitfinex lost $850 million and then tried to cover the shortfall by borrowing funds from sister company Tether Ltd. However, Bitfinex’s management says that Crypto Capital spread the company’s money across several financial institutions in different…

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