Coinbene Used MXM to Liquidate All of its Users Funds

https://blog.zerononcense.com/2019/04/06/coinbene-used-mxm-to-liquidate-all-of-its-users-funds/

Steemit article and all of the lies have officially been debunked officially on video (in person) by the CEO of Zerononcense (James Edwards):

https://www.pscp.tv/w/b37ngDFNV0V3YVlSbkJPS2J8MVprS3pyREFNT0xLdmLI1EX8OJAgnI4gNeb27EFxpvfY73L3Ito0VO0i3btH

Analyzing Currency Inflows into the Crypto Market (and Stablecoins) [Originally Authored and Published by Zerononcense on Bitcoinexchangeguide:

https://blog.zerononcense.com/2019/04/12/analyzing-currency-inflows-into-the-crypto-market-and-stablecoins/

Revised (Improved) NVT Ratio Calculation for Bitcoin

https://blog.zerononcense.com/2019/04/12/revised-improved-nvt-ratio-calculation-for-bitcoin/

Blockchain Could Be the Solution to Facebook’s Data Woes

https://blog.zerononcense.com/2019/04/12/blockchain-could-be-the-solution-to-facebooks-data-woes/

KuCoin’s IEO Was a Massive Failure: Bots & Exchange Mismanagement

https://blog.zerononcense.com/2019/04/12/kucoins-ieo-was-a-massive-failure-bots-exchange-mismanagement/

Litecoin Bull Pennant

https://blog.zerononcense.com/2019/04/16/litecoin-bull-pennant/

Dissecting HTLC Use for Lightning Network and its Limitations

https://blog.zerononcense.com/2019/04/16/dissecting-htlc-use-for-lightning-network-and-its-limitations/

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 noscript 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 noscript 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=noscript&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.