It was over seven years in the past when quite a few crypto exchanges, together with Bitfinex and main Canadian alternate QuadrigaCX, started to expertise severe cash points.
Crypto exchanges, usually, have been immediately being squeezed by their cost processor of final resort, the Panamanian shadow financial institution Crypto Capital Corp, and nobody on the financial institution was answering calls.
As hours became days, days into weeks, and weeks into months it grew to become clear: the individuals working at Crypto Capital Corp had determined to shut up store and quietly stroll away with over $800,000,000.
It wasn’t lengthy earlier than the names of these concerned with Crypto Capital Corp have been public, and it turned on the market have been solely 4 of them: Reginald “Reggie” Fowler, Ivan Manuel Molina Lee, and brother and sister duo Ozzie and Ravid Yosef.
Quickly, an indictment was filed within the Southern District of New York and shortly thereafter, Fowler and Molina Lee have been arrested.
Fowler pled responsible and was ordered to pay nearly $800,000,000 in forfeitures and restitution and spend 75 months behind bars — although as of this month, he’s hoping to cut back that sentence.
Molina Lee, a Panamanian-Polish citizen, is locked up in a Polish jail.
Unfinished enterprise nonetheless sits with Oz and Ravid Yosef, who managed to flee US and European custody by occurring the run.
A (very) public fugitive
Although Ravid Yosef appeared to outwit US and European legislation enforcement she was very public along with her whereabouts: the fugitive had globetrotted her option to Israel and up to date her Google Evaluations to show as a lot.
She took her profile personal after this got here to gentle.
Nevertheless, her very public and really daring flaunting of attainable US authorized ramifications continued.
Again in 2020, Yosef put in a trademark software for Embie, a purchasable app that supplied girls a option to monitor after they have been probably to have the ability to conceive. Nevertheless, the applying fell by means of in 2021.
All this occurred whereas she was underneath indictment for financial institution fraud, wire fraud, and working an unlicensed cash transmitter.
In response to the web site, the app was accessible for buy by means of 2023.
A public path
One of many widespread threads in Ravid’s enterprise life is her obvious obsession with the acronym “TBD” (to be decided). Certainly, her first US enterprise was known as “Love Life TBD,” and the corporate ran a software program app known as “Veed T.B.D., LTD.”
Checking the Israeli company registry confirmed the corporate being assigned the Hebrew identify “Ambi Clinic” and the English identify “Embie Clinic.”
The listed tackle for the corporate is a co-working house known as Margalit Startup Metropolis in Jerusalem and the company affairs for the corporate are in good standing and updated as of 2025.
Company registry information for Embie Clinic LTD (aka Veed TBD LTD) from the Israeli authorities.
Not solely did Ravid proceed to replace trademark functions post-fugitive standing and begin up a brand new software program app firm, she additionally up to date a Pinterest profile in 2021.
Ravid used the location to search out designs for decorations for a celebration.
So now what for Ravid Yosef?
Whereas it’s clear that Ravid Yosef relocated to Israel and continues to work there after being indicted within the US, what’s much less clear is what which means for the US, Israel, Bitfinex, or Yosef herself.
Catching the fugitive can be fairly easy and simple for Israeli legislation enforcement on condition that she’s carried out little or no to cover the place she works and lives, however the willingness for Israeli legislation enforcement to apprehend a monetary felony who hasn’t harmed different Israelis appears minimal.
It’s additionally vital to notice that her brother, Oz Yosef, has carried out a much better job of wiping his web presence because the early aughts.
It’s unclear if he’s in Israel together with his sister.
The extradition coverage between the US and Israel permits Israel to disregard requests for extradition if it’s believed the extradition is politically motivated or may contain the demise penalty.
The Yosefs actually don’t face the demise penalty for the fees they’re up towards, and it’s unclear how or if the extradition request may very well be spun as politically motivated.
