Bitfinex files subpoena against banking exec to recover $880M in frozen funds

posted 4 months ago
Bitfinex applied for a US court ordered subpoena against a former banking executive of a trust company, the crypto exchange believes this can help recover $850 million in frozen funds.

Bitfinex alleges Crypto Capital “has used one or more accounts held at TCA Bancorp to facilitate the transfer of funds” belonging to itself and believes Rondell “Rhon” Clyde Monroe, a former vice president of TCA Bancorp, has information and documents vital to their claims to over $850 million. Bitfinex’s filing comes as part of the on-going proceedings where it seeks to recover $880 million of its funds held at its payment processor Crypto Capital that was said to be frozen by multiple government agencies.
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