Bitfinex parent company submits application for search procedure to recover the frozen 880 million US dollars

According to The Block, Bitfinex's parent company, IFinex Inc., filed a search for a Discovery application to the US District Court for the Southern District of Southern California on October 18, 2019, to recover Bitfinex's entrustment to Global Trade Solutions AG (Crypto). Capital's parent company) has $880 million in funding. Bitfinex also said it has been unable to use the $880 million in Crypto Capital since December 2018 because the payment processor claims that its bank accounts in Poland, Portugal, the United Kingdom and the United States have been seized or frozen by government agencies. . Bitfinex has or plans to file legal proceedings in all of these countries in an attempt to recover funds.