ProCap Newsletter No. 3

Dear Clients,

The investigation into the ProCap platform and its affiliated entities is actively ongoing. Recently, authorities in several countries arrested key members of this organization, including the CEO, James Te, who was detained in China on suspicion of fraud and money laundering.

How does the refund process work through criminal proceedings?

Within the criminal proceedings, the court has the authority to order the confiscation of illegally obtained assets. This means that if the court finds the responsible parties guilty, assets linked to this fraud may be seized, and part of those assets could be used to compensate defrauded investors.

In order to claim a refund, it is crucial for each investor to be registered as an injured party in the proceedings and to provide evidence of payments made and losses suffered. In practice, this requires active participation in the case through legal representation. Your attorney will submit the necessary documents on your behalf, monitor the case progress, and request compensation from the seized assets.

Although this process is lengthy and there are no guarantees that all victims will be fully compensated, experience shows that participating in the official criminal proceedings is the only realistic way to attempt to recover at least part of the lost funds.

Our team continues to monitor developments related to ProCap and will keep you regularly informed of any new information relevant to protecting your rights.

Kind regards,

Zoran Miljakovic

Attorney at Law