Official Court Filing From the State of New York Against iFinex Ltd.

Here's the link: https://docdro.id/V8nmrzr

Enjoy. Analysis already on the way.

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Let's switch over to more definitive evidence that QuadrigaCX was a money laundering scheme (I said we were going in today; so if you hate notifications - mute me).

Do you all remember this?

https://cointelegraph.com/news/unconfirmed-polish-prosecutors-seize-400-mln-amid-allegations-bitfinex-is-implicated-in-fraud

In April 2018, CoinTelegraph broke a story regarding a raid conducted by the Polish government of one of its banks.

While the title states, ‘unconfirmed’, the part of this story that was unconfirmed was whether this bank account was/is tied to Bitfinex.

This was done, more than likely, due to legal concerns (i.e., to avoid being sued since the title suggests ‘fraud’ specifically).

What’s interesting to note in the CoinTelegraph article are the following statements:

1. “ Prosecutors are said to be investigating accounts linked to two companies. One is registered in the vicinity of Pruszków, and is said to be headed by someone of Canadian-Panamanian descent. The second company is allegedly presided over by a man with Colombian and Panamanian citizenships. Both companies are said to have over 1.27 bln PLN ($371 mln) deposited on their accounts.”

2. “ It is this second account that is reported to be tied to Bitfinex. In late 2017, documents posted online appeared to show Bitfinex directing its customers to an account at the Cooperative Bank in Skierniewice, as Bloomberg reported.”

3. “ It is this second account that is reported to be tied to Bitfinex. In late 2017, documents posted online appeared to show Bitfinex directing its customers to an account at the Cooperative Bank in Skierniewice, as Bloomberg reported.”

4. “ On Polish forum Bitcoin.pl, one Bitfinex user has claimed he was interrogated by Polish police last week: ‘I testified as a witness regarding the case of Crypto sp z o.o because they sent me money from Bitfinex and their accounts were blocked.’”

Obviously, the above information is significant, if true, but it begs more clarification and exposition before making any definitive assumption.

Although the forum post was made before the actual news released, more definitive information must be ascertained from the situation before any conclusions can be made.

Visiting the Original Article (from Poland)

The link to the original article can be found here (Translate Must Be Used):

https://www.tvp.info/36692986/kolumbijskie-kartele-praly-setki-milionow-przez-spolki-z-pruszkowa-i-okolic

The source, which is ‘tvp.info’ is a government-owned source, according to its Wikipedia:

https://en.wikipedia.org/wiki/TVP_Info

Here Are Some Takeaways From the Article:

a. “A billion PLN 270 million taken over in March by the CBSP prosecutor’s office is most likely the money belonging to Colombian drug cartels — according to informer tvp.info.”

b. “It is known that the money was on the accounts of two companies from the vicinity of Pruszkow, owned by a Canadian-born Panamanian descent and a Colombian with Panama citizenship. One of these companies was a shareholder of an online cryptocurrency exchange office. Millions of such operations were to flow through a small cooperative bank in Lodz.”

c. Later in the article it states, “While checking the connections of this company [the company that they described as a shareholder of an online cryptocurrency exchange office], investigators came across another company C. At its head stood a man with citizenship of Colombia and panama. This, in turn, the company was associated with a large online cantor exchange of cryptocurrencies.”

d. “Investigators determined that both companies did not actually carry out any economic activity. They were created solely to share your [probably a mistranslation of ‘your’, I think they meant ‘their’] bank accounts with international criminal financial operations.”

Objective Evidence That Bitfinex, CEX.IO and QuadrigaCX Used the Crypto ZO.O.O Bank Account

Before presenting evidence that conclusively identifies the bank account is the one in question in the Polish raid, let’s go ahead and look at the evidence that QuadrigaCX, Bitfinex, and CEX.io (all members of Crypto Capital Co), were all accepting deposits to this bank account.

Evidence That QuadrigaCX Used the Crypto SP ZO.O.O Bank Account

https://www.reddit.com/r/QuadrigaCX/comments/6u162r/quadrigacx_usd_deposit_directs_to_a_different/?utm_content=title&utm_medium=post_embed&utm_name=e7d12ed5a4c54fd39cbac4b84d2f63c2&utm_source=embedly&utm_term=6u162r

In the post above, a user notes how they found it odd that QuadrigaCX, a Canadian exchange, would be directing them to deposit their money in a Canadian account.

One reply to the comment gives specific details about Quadriga’s banking

Despite the fact that the source is Reddit, the date of the post adds significant validity to the accuracy. The comment is dated August 16th, 2017, which is well before there were any widespread questions about QuadrigaCX, banking/withdrawal issues, account freezes, and almost a full calendar year before the seizure of the Polish accounts.

The above post was made by a user on the social media site, Reddit, on November 27th, 2017. Again, this was well before the banking issues, CIBC freezing of funds, or the Polish bank raid.

This was posted in the r/QuadrigaCX subreddit, which was created by QuadrigaCX directly.

To add even more validity to the above post, a spokesperson from an official QuadrigaCX account (which moderated the QuadrigaCX subreddit) affirmed the details posted by the user above.

The ‘QuadrigaCX’ moderator account replied to the user’s original post by stating

QuadrigaCX also confirmed this bank account belongs to them here as well

Evidence That Bitfinex Used the Crypto ZO.O.O Owned Bank Account For Deposits

The first, and most credible piece of evidence attesting to the fact that Bitfinex was using this bank account stems from an article published in November 2017 by the publication, ‘Trustnodes’.

https://www.trustnodes.com/2017/11/22/bitfinex-reveals-new-polish-bank-account-panama-registered-company

This, in conjunction with a slew of posts on the internet (in 2017, well before this Polish account was subject to any serious public scrutiny), provide significant, verifiable evidence that Bitfinex was also using this account.

The article also contains a screenshot of bank wire information being given to a Bitfinex customer that shows this bank account as well. So, the evidence is more than definitive here.

Evidence That CEX.io Used the Crypto ZO.O.O Owned Bank Account For Deposits

In the same article published by Trustnodes, there is an actual screenshot of the Crypto SP ZO.O.O bank account information being displayed directly on CEX.io’s website.

Evidence Tying the Crypto SP ZO.O.O Bank Account to the Polish Raid

Upon first look, it seems like the connection being made between this bank account and the Polish bank account is speculative.

However, upon closer inspection, it becomes immediately clear that this could not be further from the truth.

While the TVP report did not explicitly cite the company’s name, there is enough evidence to make a definitive connection.

Examining Crypto SP ZO.O.O

In order to gain more insight into the company that opened up this bank account in Poland, records were obtained by the author (ME!) from Poland.

https://www.scribd.com/document/379441450/CRYPTO-SP-Z-OO-MICHA%C5%81OWICE-A-Report-Prepared-by-InfoVeriti#download&from_embed

The obtained document is uploaded above.

The owner of the company is listed as ‘Ivan Manuel Molina Lee’.

Independent research conducted by Bloomberg confirmed that ‘Ivan Manuel Molina Lee’ is a Canadian.