Ivan Manuel Molina Lee, president of payment processor Crypto Capital, a company connected to crypto exchange Bitfinex, has been arrested by the Polish authorities, local publication wPolityce reports.
Molina has been accused of money laundering and of being part of an international drug cartel.
His arrest is the result of a European Arrest Warrant issued by the prosecutor's office in Wroclaw, Poland, which connects him to $350M seized by the country's ministry of Justice.
These funds reportedly belong to Crypto SP. Z O.O., a local company affiliated with Crypto Capital. Molina has been accused of laundering money for Colombian drug cartels through his cryptocurrency exchange.
Some major exchanges such as Binance, Kraken and BitMEX have used Crypto Capital's services in the past.
Molina has been arrested just a few days after it was known that cryptocurrency exchange Bitfinex had submitted an application to the United States District Court for the Central District of Southern California to recover $880M allegedly controlled by Crypto Capital. However, Crypto Capital assures these funds have been frozen by the authorities of various countries.
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