DoJ Seizes $3.6B in Bitcoin From 2016 Bitfinex Hack

DoJ Seizes $3.6B in Bitcoin From 2016 Bitfinex Hack

Officers bear also charged a New York couple with conspiracy to commit money laundering and conspiracy to defraud the US.

The $3.6 billion sum makes it the Division of Justice’s largest financial seizure in historic previous. 

DoJ Recovers Funds From Bitfinex Hack

U.S. officials bear correct confirmed the largest crypto seizure ever. 

Two Arrested for Alleged Conspiracy to Launder $4.5 Billion in Stolen Cryptocurrency

Authorities Seized $3.6 Billion in Stolen Cryptocurrency Straight Linked to 2016 Hack of Digital Forex Substitute

— Justice Division (@TheJusticeDept) February 8, 2022

The Division of Justice launched Tuesday that it had confiscated $3.6 billion in Bitcoin that used to be stolen from the Bitfinex replace in 2016. 

It added that a New York couple had been arrested in connection to the Bitfinex hack and charged with alleged conspiracy to launder stolen cryptocurrency with a recent charge of $4.5 billion. The 2 people, Ilya Lichtenstein, 34, and his wife Heather Morgan, 31, bear also been charged with alleged conspiracy to defraud the US. They would possibly well moreover face as a lot as 25 years in prison if convicted. 

Discussing the seizure in a press launch, Deputy Authorized knowledgeable Widespread Lisa O. Monaco acknowledged that the incident used to be proof that “cryptocurrency is now not any longer a safe haven for criminals.” She criticized Lichtenstein and Morgan for their “futile effort to withhold digital anonymity” and added that the Division of Justice “can and must silent instruct the money, it is now not any longer for sure significant what assassinate it takes.” 

Court docket documents utter that the couple conspired to launder funds from 119,754 Bitcoin that bear been stolen from Bitfinex in August 2016. A hacker compromised Bitfinex’s platform and despatched over 2,000 unauthorized transactions and allegedly transferred the stolen Bitcoin to a pockets Lichtenstein had obtain entry to to. 

The filings inform that around 25,000 Bitcoin bear gradually been moved from the digital pockets Lichtenstein controlled to plenty of areas over the final five years, all of which Lichtenstein and Morgan save an eye on. The documents inform that special brokers accessed Lichtenstein’s recordsdata and uncovered the non-public key to the pockets the stolen Bitcoin used to be originally transferred to, which ability that that they had a model to obtain entry to the final 94,000 Bitcoin. 

In an announcement, Bitfinex acknowledged it would possibly well possibly continue to cooperate with the Division of Justice and instruct the significant steps to obtain obtain entry to to a pair of the proceeds from the Bitcoin. “Bitfinex intends to invent extra updates on its efforts to assassinate a return of the stolen Bitcoin as and when these updates come in,” the mark read. 

Lichtenstein and Morgan are due to look in court docket these days. 

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