 James alleged that in 2018 Bitfinex and Tether knew or suspected that Crypto Capital had absconded with the money, but that their investors were never informed of the loss.Reggie Fowler, who is alleged to have connections with Crypto Capital, was indicted on 30 April 2019, for running an unlicensed money transmitting business for virtual currency traders.He is believed to have failed to return about $850 million to an unnamed client.