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Indictment reveals new clues in the Crypto Capital situation

by Robert-Jan den Haan

May 1, 2019, 8:00AM EDT  ·  4 min read

Quick Take

  • Two individuals charged by the SDNY for bank fraud and conspiracy after obtaining bank accounts under false pretenses to process payments for cryptocurrency exchanges
  • The company named in the indictment, Global Trading Solutions LLC, is directly linked to troubled payment processor Crypto Capital
  • The chance that SDNY’s indictment is separate from the investigation by the NYAG’s office into Bitfinex and Crypto Capital is near zero

by Robert-Jan den Haan

May 1, 2019, 8:00AM EDT  ·  4 min read

A superseding SDNY indictment unsealed yesterday charged two individuals with multiple felonies including bank fraud. Although the case makes mention of processing payments for cryptocurrency exchanges, it also helps put some pieces together in the unfolding story of Crypto Capital, the payment processor that reportedly had $850 million belonging to Bitfinex seized.