Second Crypto Capital Executive Will Face Criminal Charges

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Recently, Live Bitcoin News reported that the president of Crypto Capital had been arrested for allegedly taking part in drug running and money laundering schemes. We also reported that further arrests were expected in the coming weeks. One of those arrests has now taken place. More Bad News for Crypto Capital Oz Yosef, a principal executive of the company, is charged with being the man responsible for the loss of roughly $850 million in crypto funds transferred to the company by Bitfinex, one of the world’s most popular cryptocurrency exchanges. The charges claim that Yosef conspired to potentially commit bank fraud, wire fraud and a desire to “operate an unlicensed money transmitting business.” Some of the primary evidence against Yosef is a text he sent last year to an unnamed source regarding the transfer of approximately $10 million to a bank based in the Bahamas. These funds, the text mentions,…

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