21 Oct Bitfinex Cryptocurrency Exchange In Pursuit Of $850 Million Of Frozen Funds
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Bitfinex Cryptocurrency exchange is in pursuit of recovering its $850 million of frozen funds. In a recent attempt on October 18th, 2019, the exchange has filed in a California court to subpoena an ex-executive member, Mr. Rondell Rhon Clyde Monroe, of TCA Bancorp Investment & Trust, that it believes can shed light on the whereabouts of the funds. Mr. Monroe has served as a vice president of the trust.
Contents Of The Subpoena
The cryptocurrency exchange has requested the court for a permit to take Mr. Monroe’s deposition testimony. It was further added in the file that Bitfinex would also like to appeal for the documentation of the communication between Crypto Capital staffers and Mr. Monroe to be revealed.
The filing has also alleged Crypto Capital to make illegal and uninformed use of multiple accounts at TCA Bancorp to move Bitfinex’s funds that the exchange claims to be well over $850 million in valuation. Mr. Monroe has been accused of concealing…
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