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Bloomberg just published an about #TransactiveSystemsUAB, AKA "#Nexo and #CryptoCom's European banking partner." The thing I published an article about last week (see my profile). Turns out it was founded by convicted money launderers who hired other convicted money launderers to run it. Coupled with the fact that #BankOfLithuania accused the company of massive money laundering it makes you wonder if perhaps people launder money there.

They were #Nexo's bank. And they are also #CryptoCom's bank. This is where #CryptoCom customers' euros were being sent (and are probably stuck right now, if they weren't already stolen).

https://archive.is/aXwxp#selection-4719.0-4719.601

Some good quotes below.

@davidgerard @ncweaver @JorgeStolfi @molly0xfff

This is why #Cryptcom suddenly made an emergency transition from #TransactiveSystemsUab (their Lithuanian banking partner for euro denominated funds) to #OpenPayd for their #SEPA (#Euro) bank transfers.

"The Bank of Lithuania, having carried out an inspection of the Prd electronic money institution Transactive Systems UAB, identified significant violations and shortcomings of the Law on the Prevention of #MoneyLaundering and #TerroristFinancing"

It seems like all #Cryptocom's European users assets are probably now frozen in inside the bank. Oh and just a few hours ago they were frozen out of #GBP transfers as well.

Fun times.

(Also remember this happened the same day #Binance announced they would no longer processing any SWIFT transfers as of February 1st - in 5 days.)

more: https://twitter.com/Cryptadamist/status/1618777145639317505
#cryptocurrency #USDT #BUSD #cryptocalpyse