It was over seven years in the past when quite a few crypto exchanges, together with Bitfinex and main Canadian trade QuadrigaCX, started to expertise severe cash points.
Crypto exchanges, basically, had been immediately being squeezed by their fee processor of final resort, the Panamanian shadow financial institution Crypto Capital Corp, and nobody on the financial institution was answering calls.
As hours changed into days, days into weeks, and weeks into months it turned 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 had been public, and it turned on the market had 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 had been arrested.
Fowler pled responsible and was ordered to pay virtually $800,000,000 in forfeitures and restitution and spend 75 months behind bars — although as of this month, he’s hoping to scale 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 happening the run.
A (very) public fugitive
Even though 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 Opinions to show as a lot.
She took her profile non-public after this got here to gentle.
Nonetheless, her very public and really daring flaunting of doable US authorized ramifications continued.
Again in 2020, Yosef put in a trademark software for Embie, a purchasable app that supplied ladies a option to monitor after they had been almost definitely to have the ability to conceive. Nonetheless, the applying fell via in 2021.
All this occurred whereas she was underneath indictment for financial institution fraud, wire fraud, and working an unlicensed cash transmitter.
In keeping with the web site, the app was out there for buy via 2023.
A public path
One of many frequent threads in Ravid’s enterprise life is her obvious obsession with the acronym “TBD” (to be decided). Certainly, her first US enterprise was referred to as “Love Life TBD,” and the corporate ran a software program app referred to as “Veed T.B.D., LTD.”
Checking the Israeli company registry confirmed the corporate being assigned the Hebrew title “Ambi Clinic” and the English title “Embie Clinic.”
The listed handle for the corporate is a co-working house referred to as Margalit Startup Metropolis in Jerusalem and the company affairs for the corporate are in good standing and updated as of 2025.
Company registry data 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 seek 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 meaning for the US, Israel, Bitfinex, or Yosef herself.
Catching the fugitive can be fairly easy and straightforward for Israeli legislation enforcement provided that she’s achieved little or no to cover the place she works and lives, however the willingness for Israeli legislation enforcement to apprehend a monetary legal who hasn’t harmed different Israelis appears minimal.
It’s additionally essential to notice that her brother, Oz Yosef, has achieved a much better job of wiping his web presence because the early aughts.
It’s unclear if he’s in Israel along 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 might contain the demise penalty.
The Yosefs definitely don’t face the demise penalty for the fees they’re up towards, and it’s unclear how or if the extradition request could possibly be spun as politically motivated.
