Bitfinex a cryptocurrency exchange has called itself a “victim of a fraud” in response to the recent arrest of the president of Crypto Capital exchange. The statement came out on Oct 25 from Stuart Hoegner, Bitfinex's general counsel. The statement presents the company as a “victim of fraud” and denies the potential accusations of illegal activity by Bitfinex. Bitfinex denies the allegation put on them by Crypto Capital.