US government seizes $3.6 billion in bitcoin tied to 2016 hack of crypto exchange Bitfinex

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US government seizes $3.6 billion in bitcoin tied to 2016 hack of crypto exchange Bitfinex
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ICYMI: US government seizes $3.6 billion in bitcoin tied to 2016 hack of crypto exchange Bitfinex

Two individuals, Ilya Lichtenstein and Heather Morgan, were arrested in New York and are expected to appear in court Tuesday afternoon. The two are charged with conspiracy to commit money laundering and conspiracy to defraud the United States. They face as many as 25 years in prison if convicted.

"After the execution of court-authorized search warrants of online accounts controlled by Lichtenstein and Morgan, special agents obtained access to files within an online account controlled by Lichtenstein. Those files contained the private keys required to access the digital wallet that directly received the funds stolen from Bitfinex, and allowed special agents to lawfully seize and recover more than 94,000 bitcoin that had been stolen from Bitfinex.

"These token repurchases can be accomplished in open market transactions or by acquiring UNUS SED LEO in over-the-counter trades, including directly trading bitcoin for UNUS SED LEO," Bitfinex continued.

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