[Shadow Bank 'Crypto Capital Corp's Ravid Yosef Evades Extradition in Israel]
According to Golden Finance, more than seven years ago, numerous cryptocurrency exchanges, including Bitfinex and Canada's leading exchange QuadrigaCX, began experiencing severe financial issues. These exchanges were suddenly 'choked' by their ultimate payment processor—Panama-based shadow bank Crypto Capital Corp—while no one at the bank answered their calls. As hours turned into days, weeks, and months, the situation became clear: Crypto Capital Corp's staff decided to shut down operations and quietly abscond with over $88 million.
Shortly thereafter, the list of individuals involved in the Crypto Capital Corp scandal was made public, revealing only four names: Reginald 'Reggie' Fowler, Ivan Manuel Molina Lee, and siblings Ozzie Yosef and Ravid Yosef.
Soon, the Southern District of New York filed an indictment, and not long after, Fowler and Molina Lee were arrested. Fowler pleaded guilty and was ordered to pay nearly $800 million in fines and restitution, while serving a 75-month prison sentence—although as of this month, he is still seeking a sentence reduction. Molina Lee, who holds dual citizenship in Panama and Poland, is currently imprisoned in Poland.
However, Ozzie and Ravid Yosef remain unresolved cases. They successfully evaded detention in the U.S. and Europe and are still on the run to this day.
