Kirill Medvedev has filed go well with in opposition to Binance for allegedly freezing funds tied to the Nimbus Platform Ponzi scheme.
Medvedev (proper) is a crypto bro primarily based out of Florida. He heads up Tenzor Capital, a Gibraltar shell firm that pitches itself as a “$40M enterprise capital fund … specializing in rising cryptoassets and blockchain startups”.
In keeping with Medvedev’s September twenty second filed Criticism, Binance, as BAM Buying and selling Providers Inc. and Binance Holdings Restricted, reduce him off from his account in March 2023.
Medvedev claims he opened a Binance account in Could 2019 and
entered a number of agreements for the acquisition of 58 bitcoins valued at over $2,378,000.00 as of March 2022.
Medvedev funded his Account utilizing these bitcoins. From that point and as much as March 2023, Medvedev was utilizing bought bitcoins for buying and selling as a supply of income.
Medvedev contacted Binance buyer assist, who knowledgeable him “his Account had been blocked resulting from an inside evaluate.”
After days of communication, Medvedev was advised by Binance to contact an “officer in command of this case” at a court docket in Madrid, Spain.
Medvedev acquired authorized counsel in Spain, which led to the invention of a felony investigation into Nimbus Platform.
Medvedev’s Account had been frozen resulting from an ongoing felony continuing in Spain, particularly within the Juzgado Central de Instrucción No. 6 of the Audiencia Nacional, recognized by continuing quantity DPA 78/2020 (“Continuing”).
Throughout Authorized and its attorneys intervened within the Continuing on behalf of Medvedev.
The Continuing revolves round a failed Preliminary Coin Providing (“ICO”) launched by Nimbus Platform about 5 years in the past, which is at the moment the topic of the beforehand talked about felony investigation in Spain.
Medvedev claims his Spanish authorized counsel “didn’t discover any order instantly authorizing Binance to freeze Medvedev’s account.”
He does nonetheless verify that the bitcoin in his Binance account is linked to Nimbus Platform.
Medvedev’s solely connection to the Continuing is the truth that the bitcoins in his Account at one level belonged to Nimbus Platform.
However, Medvedev had bought these bitcoins in good religion years after the Nimbus Platform ICO, as acknowledged above.
Taking that at face worth, it seems neither Medvedev or Tenzor Capital ever had something to do with Nimbus Platform.
When Medvedev queried Binance on the freeze, Binance advised him it was
not at liberty to reveal such order…”
Following this response, Binance didn’t present additional clarifications.
That is typical of cooperation between cryptocurrency exchanges and felony investigations.
Medvedev subsequent claims he logged into his account in August 2023,
solely to find that considerably all of his funds had disappeared, leaving solely round $90.
Medvedev claims neither he or his Spanish authorized counsel receiving notification from Binance of the Spanish court docket relating to what seems to be a seizure.
Medvedev thus concludes his “funds had been illegally taken by Binance with none prior discover or legitimate justification.”
It’s at the moment unclear who possesses the funds that had been transferred out of Medvedev’s Account.
Medvedev’s lawsuit seeks to get better his funds and extra damages.
What I’m not 100% clear on is how the funds wound up in Medvedev’s account. It sounds like he bought the bitcoin from somebody concerned in Nimbus Platform.
And if that’s the case, then he has no declare to the the bitcoin (his beef is definitely with whoever offered him the bitcoin). The bitcoin itself could be the proceeds of crime, which now seem to have been seized by authorities.
Sadly we don’t have any additional data on the Spanish felony investigation into Nimbus Platform.
For reference, Nimbus Platform is an MLM crypto Ponzi that launched in 2020.
My intestine feeling is who Medvedev purchased the bitcoin from is it would reveal a connection to Nimbus Platform (potential cash laundering).
One different factor I’ve to level is that the CFTC has sued Binance and proprietor Changpeng Zhao. The CFTC filed go well with in March 2023, proper across the time Medvedev’s bitcoin was frozen.
It’s not clear if US authorities are cooperating or are part of the Spanish Nimbus Platform investigation.
Through the years and a number of reboots there have been a lot of names hooked up to Nimbus Platform:
- Andrea Zanon, authentic Nimbus Platform CEO
- Fernando Martinho – second Nimbus Platform CEO
- Alex Lemberg – third Nimbus Platform CEO
- Patricio Pozzi – fourth Nimbus Platform CEO
BehindMLM can reveal we obtained a stop and desist from Nimbus Platform’s authorized platform in June 2022.
It has come to our consideration that your regulation agency has revealed what could possibly be thought of defamatory about Nimbus Platform in your web site … the place you disparage Nimbus with and discuss with Nimbus as a “rip-off”.
Most significantly, Nimbus Platform is a world DeFi firm that ranks within the prime 10% of the DeFi trade and thought chief within the revolutionary discipline of Digital Property and Decentralized Finance – which has offered ample regulatory suggestions in america, and European Union Parliament.
The platform and its ecosystem of dapps operate correctly and have been audited by 4 main world audit firms within the trade.
Any digital property obtained by any consumer is transparently trackable, and there has by no means been an occasion of limiting withdrawals (in contrast to different exchanges and ecosystems corresponding to Coinbase or Binance).
Thus, any suggestion on the contrary is fake and defamatory – therefore now we have ample grounds for a defamation case in opposition to you each in america and European Union.
This discover is an official stop and desist and removing of the aforementioned publish out of your web site with rapid impact.
Regards,
Nimbus Authorized Crew
In response BehindMLM identified Nimbus Platform hadn’t truly addressed something in our opinions. Particularly why Nimbus Platform was committing securities fraud within the US and elsewhere.
We by no means heard something again.
In all probability in gentle of the Spanish felony investigation, Fernando Martinho additionally appears determined to cover his involvement in Nimbus Platform.
In July 2023 Martinho tried to tug the ol’ GDPR rip-off on us.
You compile/course of the information and current my knowledge in your platform with out my permission to publish any knowledge about me.
That is named a knowledge processor underneath the EU and UK GDPR legal guidelines and subsequently my request for eradicating the information out of your processing and web site falls underneath the GDPR legal guidelines.
Moreover, feedback on all these articles are false and may have by no means been revealed which reveals unhealthy intention with so many articles written and infrequently.
Additionally, threatning [sic] to share with regulation enforcement and counsel that you’ll do a knowledge breach on goal to share our non-public communications reveals unhealthy intention when a easy search would make you perceive that you’re breaching GDPR regulation.
Any of this knowledge on our non-public communications revealed with out my consent might be thought of a knowledge breach underneath the GDPR regulation, I by no means gave you consent for something.
You can not share this non-public and confidential data with out my consent and while you clearly say that you’ve got the best to breach my privateness it reveals unhealthy intent as soon as once more.
The beneath is the total letter I wished to despatched you, I urge you to learn it fastidiously, however your system deemed to be a spam letter so the primary letter despatched was simply a part of what I wished to ship.
Wanting ahead to listen to from you with a optimistic end result.
Greatest regards,
Fernando Martinho
Seeing as we didn’t gather any private data from Martinho, nor do we want his permission to evaluate and report on MLM firms, we advised him to pound rocks.
Hello Fernando,
You assume you’re the primary scammer we’ve reported on who’s tried to abuse GDPR regulation to cover their reported on affiliation with fraud?
BehindMLM didn’t gather any private data from you as a part of our editorial course of. We’ve no collected data to delete.
BehindMLM retains the best to publish obtained correspondence in full and share it with our contacts in regulation enforcement.
That is my closing response and I think about this matter closed.
-Oz
The third Nimbus Platform reboot kicked off in late 2022 with SYNTA token. Aside from bagholders from Nimbus’ earlier Ponzi iterations, there doesn’t appear to be a lot curiosity.
Because it ties into Nimbus Platform, I’ve added Medvedev’s Binance lawsuit to BehindMLM calendar. Keep tuned for updates as we monitor the case.
We’re additionally holding an eye fixed out for any updates on the Spanish Nimbus Platform felony investigation.