🚨 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 👇
Detectives described the defendants' techniques for laundering the crypto as "methodical and calculated." As well as relying on fictitious identities, funds were mixed through crypto exchanges and darknet markets — all with a view to obscuring transaction histories and throwing law enforcement agencies off the scent. Matthew M. Graves, U.S.
"Cryptocurrency and the virtual currency exchanges trading in it comprise an expanding part of the U.S. financial system, but digital currency heists executed through complex money laundering schemes could undermine confidence in cryptocurrency." The charges of conspiracy to commit money laundering and conspiracy to defraud the U.S. collectively carry a maximum sentence offrom the wallet linked to the Bitfinex hack had moved — in regular tranches ofThe hack has gone down in history as one of the biggest to affect a crypto exchange — and at the time, Bitcoin's value plunged from$400 millionof the stolen property as long as they returned the rest."We are pleased that the U.S.
It now plans to "follow appropriate legal processes to establish our rights to a return of the stolen Bitcoin."
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