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.

Source:
https://www.bloomberg.com/news/articles/2018-05-24/bitfinex-said-to-find-bank-in-puerto-rico-after-wells-fargo-exit

Crypto Capital Co. holds 99% of all shares in Crypto SP ZO.O.O per the report obtained from Poland on the company

Corporate records show that Ivan Manuel Molina Lee is also director of Crypto Capital Co. in Panama.

Source: https://opencorporates.com/officers/277019976

Pause for a second - just to say I am going off right now.

Business records from Poland, corporate governance records, research from Bloomberg, etc.

This isn't 'internet sleuthing' here unless you consider these sources to be bogus.

Let's continue.

Examining the Bank Account Specifically

The bank details for the Polish bank account owned by Crypto SP ZO.O.O are as follows:

Bank Name: Bank Spoldzielczy w Skierniewicach Address: ul.Reymonta 25, Skierniewice 96–100, Poland Swift code: poluplpr

There are a few facts that we can confirm about this bank, which are:

* The bank is a ‘Cooperative Bank’.

* The bank was managing less than $10 million worth in assets before Bitfinex, QuadrigaCX, and CEX.io all began banking there.

* The bank is located in ‘Lodz’ = ‘Lodzkowski’.

Comparing What We Know With the Polish Media Report (Government-Owned Source)

Below, is a list of facts that allow us to be almost certain that the bank account that was raided in Poland was CRYPTO SP ZO.O.O:

1. The Polish report stated that the account was owned by a company headed that starts with ‘C’. Crypto SP ZO.O.O. starts with a ‘C’ (in both Polish and English).

2. The Polish report stated that the company that held the account at the bank was headed by someone with Canadian and Panamanian citizenship. We know that Ivan Manuel Molina Lee, the head of Crypto Capital Co., was a Canadian with Panamanian citizenship, per the Bloomberg report.

3. The Polish report determined that the bank in question that was raided was a small cooperative bank. We know that ‘ Bank Spółdzielczy w Skierniewicach’ was a small cooperative bank.

4. The Polish report stated that the bank was a small cooperative bank in Lodz, specifically. Using the confirmed banking information for the Polish bank that Bitfinex, CEX.io, and QuadrigaCX had customers deposit money to, we can confirm the bank was in this location as well. This information can be verified at this link: https://www.bisnode.pl/firma/?id=712240&nazwa=BANK_SPOLDZIELCZY_W_SKIERNIEWICACH. The specific location of the bank was “Ul. Reymonta 25 96–100 Skierniewice, województwo ŁÓDZKIE”. Google Map results place it within the vicinity of Pruszkow as well.

5. The Polish report states that the account was related specifically to cryptocurrency. There is no doubt that Crypto SP ZO.O.O is absolutely related to cryptocurrency (we’ve confirmed all Crypto Capital Co. related exchanges were depositing money there).

Additional Information:

Crypto SP ZO.O was founded in September of 2016. There are no financial records for the company as they have never filed any. They sold 99% of their shares to Crypto Capital Co. for 9000 PLN, which amounts to roughly $1.7k. The town/area that the bank account is located in houses roughly 10k-15k people, which qualifies it as a meager village.

An actual picture of the general area where this account is registered; Source: https://mapio.net/a/94948632/

Given all of the above information, it is almost implausible to suggest that the account in question would belong to another entity.

There are certain, unique factors that the CRYPTO SP ZO.O.O bank account and the Polish bank account have in common that seem to be far beyond simple coincidence.

Namely:

a. There is probably no other instance on planet earth where an individual with dual citizenship in Canada and Panama operates a Polish bank account on behalf of cryptocurrency exchanges.

b. There is more than likely no other instance where the above is true on top of the fact that the bank account is located in the same 30 to 40 mile radius in a small Polish town with a population of less than 15,000 people.

C. The above two bullet points notwithstanding, there is more than likely no other entity in the crypto space that would also have nearly half a billion dollars stuffed in a Polish account that is owned by a guy with dual citizenship in Panama and Canada.

————————

Given the above bullet points, it can be asserted 100% that the account that was raided in Poland belonged to Crypto SP ZO.O.O.

So let's go back to the top, shall we?

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

That bank account that got raided? Belonged to Crypto SP ZO.O.O

The banking details are known now.

QuadrigaCX themselves admitted that they own this bank account.

What do you know - we have QuadrigaCX, Bitfinex, Coinapult, and CEX.io all listed under Crypto Capital Co