Crypto Capital Corp. was a payment processing company that provided financial services to major cryptocurrency exchanges, including Bitfinex, QuadrigaCX, and others who struggled to maintain traditional banking relationships. Operating as an unlicensed money transmitting business, it handled hundreds of millions of dollars by allegedly misrepresenting the nature of the transactions to financial institutions. The company's operations collapsed after authorities in Poland, Portugal, and the United States seized approximately $850 million of its funds, which were co-mingled client and corporate funds. This event was central to the New York Attorney General's investigation into Bitfinex and Tether for an alleged cover-up of these losses. The principals of Crypto Capital have since faced indictment in the U.S. on charges of bank fraud and conspiracy.

Founded in

United States