US Justice Department recovers more than 94,000 bitcoin stolen in 2016, currently valued at $3.6 billion, a record seizure
The stolen cryptocurrency, valued at $71 million at the time of the theft, is now valued at $4.5 billion, officials said.
A couple accused of seeking to launder the bitcoin were arrested in New York, the department said on Tuesday. Lichtenstein and Morgan allegedly sought to launder the proceeds of 119,754 bitcoin, then valued at $65 million, that were stolen during a 2016 hack of the virtual currency exchange Bitfinex. About 25,000 of the stolen bitcoin were transferred out of the wallet over the next five years "through a labyrinth of cryptocurrency transactions," and the funds were used to buy items such as gold or digital NFTs .
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$3.6B in Bitcoin Linked to 2016 Bitfinex Hack Recovered | CoinMarketCap🚨 BREAKING NEWS $3.6 billion in Bitcoin linked to the 2016 Bitfinex hack has been recovered ⚠️ It's the biggest financial seizure in the U.S. Justice Department's history 🇺🇸 Two people have been arrested on suspicion of conspiracy to launder crypto 👇
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