Has €400 mln of the Fiat backing TETHER USDT been siezed in Poland??

Cointelegraph- Bitfinex Denies Fraud Allegations Tied To Confiscated Funds In Poland
Trustnodes- Bitfinex Reveals a New Polish Bank Account Under a Panama Registered Company

#Bitfinex is in the news again, as discussed by Marie Huillet @ Cointelegraph. It would seem that approximately 400 mln Euros were seized by Polish authorities from a small bank.

On April 7, Cointelegraph reported on a controversy surrounding Bitfinex, after Polish prosecutors reportedly seized €400 mln from two accounts at a little-known Polish bank, one of which was allegedly linked to Bitfinex.

Suspicion had been raised in Polish media that the confiscated funds were involved in an international fraud and money-laundering scheme, in which criminals had been converting laundered fiat into crypto via the exchange and its affiliated accounts.

This news just raises more questions about the complex, and almost completely hidden, relationship between Tether and the largest crypto exchange, Bitfinex. Were the seized funds from #Tether USDT? If not and they were investors funds from Bitfinex, where is the fiat backing USDT banked and how immune is it from similar prosecutor lead seizures?

Bitfinex therefore appears to have created a complex structure to move funds within the banking system and to their exchange.

They have recently been subject of close scrutiny due to their relationship with Tether, a centralized cryptocurrency of sorts which is pegged to the dollar.

Nearly $700 million Tether has been printed this year at a time when Bitfinex is under a banking blockade, probably due to their continued provision of unregulated margins.