A few days ago (Nov 23) one of the biggest Bitcoin market - Bitfinex, announced trading BTC/EUR. Some polish journalists discover something interesting (references below).
We are pleased to announce trading is now live on our first Euro pair, BTC:EUR https://t.co/Y6sW7pRmEl
— Bitfinex () 22 listopada 2017
There is nothing spectacular, and this is excellent news for many traders, but one thing is alarming and can show how risky is the whole crypto coin market.
What stinks?
For Euro transactions market choose Polish bank service. Nothing bad .. yet. But.. this bank is really small, distrustful organization, no control and with really little responsibility for transactions, and also connected with another fictitious company.
"Crypto Sp. z o.o." - is a company which entire capital is only 5000PLN so at this moment ~1400USD, ~0.55BTC. Company was registered in Polish KRS institution in Sep 2016, and has only one member and CEO - Ivan Manuel Molina Lee, and 99% of whole company capital (4950PLN) is in Crypto Capital Corp. from Panama.
It's really interesting what other Companys in Panama have connections with Ivan Manuale Molina Lee:
All information you can confirm here, polish registration document:
https://ems.ms.gov.pl/krs/wyszukiwaniepodmiotu.podmiotdaneszczegolowe/RP/0000637589 (you have to select first checkbox and use 0000637589 in first text field + captcha)
All it sinks!
We have huge Bittfinex market with 1.3B USD which is connecting with small Polish company, with 1K USD responsibility, which is connected with fake institution in tax heaven - Panama.
I am curious when and how loudly this bubble will burst.
References: