Since experiencing regulatory pressure in many parts of the world, Cryptocurrency has been working hard to cooperate with authorities and regulators. and one example of such cooperation has just been disclosed.
The cryptocurrency exchange shared information about two of its customers with German police, according to a Reuters report published on Thursday (3).
Two men are suspected of being accomplices of 20-year-old Austrian gunman Kutjim Fejzulai. He shot and killed four people in Vienna in November 2020. The Islamic State later claimed responsibility for the attack.
Coin legal representatives said they passed information about the suspects to the German Federal Criminal Police Office (BKA) in May and June of last year.
In a letter to Reuters, Cryptocurrency said it provided "as much information as possible" given the limitations of archived information.
German Police Request Information from Coin
Previously, the German police notified the exchange in 2021 that there was evidence of suspect use of the platform.
At that time, the police requested data from Coin Security related to the suspects. In addition, BKX asked for a list of all cryptocurrency transactions they had conducted.
The legal representative of the platform sent the above letter after Reuters published a report about the case.
In it, they say the exchange responded to BKA's request on May 18, 2021, the day the request was received. The company said it provided "a link to the requested information and the accompanying cryptocurrency.
In addition, a Coin representative said that BKA requested more information on June 7.
This time, Cryptocurrency's compliance department responded that the exchange "does not contain all of the requested information". According to the text, the data would "relate to fiduciary deposits processed by the provider.
Then, on June 22, BKA requested new information. This time, the exchange indicated that it had provided the requested data.
A Coin spokesperson further stated that the information submitted includes the customer's deposit and withdrawal history.