Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

$ 10 million bitcoin? Investment Pro calls it ‘chance’ of your life

2025-05-18

Hedera Hashgraph (HBAR) Price forecast before 19 May

2025-05-18

Jesse Pollak explains how Pectra Upgrade will overload the basic network

2025-05-18
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Jesse Pollak explains how Pectra Upgrade will overload the basic network

    2025-05-18

    Ice Open Network welcomes Soonchain AI in its online+ ecosystem to stimulate Web3 AI-Game Development

    2025-05-18

    Chainware and Karatdao work together to redefine security and identity in chains

    2025-05-18

    Declan Hannon about how Aurora Labs makes blockchain accessible to everyone

    2025-05-18

    Ailayer forges Alliance with Gaea to create a decentralized AI-driven metaverse

    2025-05-18
  • NFT

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16

    Founder wallet emptied while he leaves

    2025-05-15

    British Museum puts sculptures from Dürer’s ‘Rhinoceros’ on Bitcoin Blockchain

    2025-05-14
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18

    Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

    2025-05-17

    $ 40 billion in XRP on the road – where are they going?

    2025-05-17

    Bitcoin who sees heavy accumulation on Coinbase and Binance, says analysis company Glassnode – here is the prospects

    2025-05-17

    Analyst who mentioned XRP price mark at $ 0.5 says that the increase in this level is coming

    2025-05-17
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»Crypto exchange Bitfinex receives stolen crypto from US authorities
Bitcoin

Crypto exchange Bitfinex receives stolen crypto from US authorities

2023-07-06No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


  • Bitfinex recovers cash and BCH from its stolen funds from US authorities
  • The exchange said that this recovered amount still does not meet the current redemption demand

Bitfinex, a leading crypto exchange, has announced that it has received cash and Bitcoin Cash [BCH] of the United States Department of Homeland Security. The money returned comes from the August 2016 hacking incident. The US authorities took control of these funds in 2022, after the arrest of the two individuals accused of hacking the platform.

The hack was one of the biggest hacks in the crypto space at the time. Nearly 119,756 Bitcoin [BTC] was stolen from the exchange due to a security breach. These coins were worth $71.8 million at the time and are currently valued at over $3 billion. Bitfinex hackers had since moved the stolen crypto several times in an attempt to launder it.


Read Bitcoin [BTC] Price Forecast 2023-24


However, the perpetrators were caught by US authorities in February 2022 and identified as a married couple: Ilya Lichtenstein and Heather Morgan. Both suspects were from New York and were charged with conspiracy to commit money laundering.

The arrest also resulted in authorities seizing $3.6 billion in stolen cryptocurrency. Notably, this seizure placed the US government among the wealthiest Bitcoin wallets. Bitfinex Chief of Technology Officer – Paolo Ardoino – said,

“This particular seizure demonstrates the commitment of law enforcement officials to diligently track down all proceeds of the crime committed against Bitfinex nearly seven years ago.”

Bitfinex hack redemption

According to Bitfinex’s announcement, the exchange has recovered $312,219.71 in cash and 6,917 BCH. Ardoino stated that they “look forward to recovering as much of the stolen bitcoin as possible and redistributing it to holders of the tokens issued in response to the 2016 hack.”

See also  ESMA is launching Consult to define Crypto advisers' standards throughout Europe

Bitfinex had distributed Recovery Right Tokens [RTTs] to the victims of the hack, acting as an admission of guilt. The tokens can be exchanged for cash or iFinex capital at a later date. There are currently a total of 30 million RRTs in circulation and the exchange stated that the amount they currently recovered was not enough to meet all the redemptions.

In addition, “RRT holders must be redeemed for $1, after which up to 80 percent of all remaining recovered assets will be paid to UNUS SED LEO token holders,” said Bitfinex.

Source link

authorities Bitfinex Crypto Exchange Receives stolen
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

$ 10 million bitcoin? Investment Pro calls it ‘chance’ of your life

2025-05-18

Data tips on chains Bitcoin to peak at $ 120,000

2025-05-18

Mastermind Behind Sec Sim -exchange schedule sentenced to 14 months in prison for manipulating Bitcoin price

2025-05-18

Bitcoin: This indicator reflects 2024’s Bull Run – will history repeat?

2025-05-18
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Layer 2 transactions accounted for more than 60% of all Ethereum activity in the third quarter

2023-10-11

Texas a step away from creating official Bitcoin Reserve

2025-05-08

Bill Friedman joins Unstoppable Domains as General Counsel

2023-07-13
Editors Picks

Crypterium (CRPT) Price Prediction 2024 2025 2026 2027

2024-03-28

Bitcoin: ‘Greater forces than ETF’ a factor, thanks to ‘other players’

2024-03-22

Bitcoin Ordinals: Miner Fees Break a New Record and Assess Effects on BTC

2023-05-08

Assessing the odds of Cosmos entering a bull rally 

2023-08-08
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

$ 10 million bitcoin? Investment Pro calls it ‘chance’ of your life

Hedera Hashgraph (HBAR) Price forecast before 19 May

Jesse Pollak explains how Pectra Upgrade will overload the basic network

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,486.630.09%
  • ethereumEthereum(ETH)$2,392.39-3.70%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.35-0.69%
  • binancecoinBNB(BNB)$638.52-0.75%
  • solanaSolana(SOL)$165.49-1.28%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.2198451.54%
  • cardanoCardano(ADA)$0.73-2.24%
  • tronTRON(TRX)$0.260950-4.09%
  • suiSui(SUI)$3.770.31%
  • chainlinkChainlink(LINK)$15.16-1.84%
  • avalanche-2Avalanche(AVAX)$21.88-2.14%
  • stellarStellar(XLM)$0.280713-2.29%
  • hyperliquidHyperliquid(HYPE)$25.95-1.38%
  • shiba-inuShiba Inu(SHIB)$0.0000140.12%
  • unus-sed-leoUNUS SED LEO(LEO)$8.660.27%
  • hedera-hashgraphHedera(HBAR)$0.189256-1.31%
  • bitcoin-cashBitcoin Cash(BCH)$391.57-1.71%
  • the-open-networkToncoin(TON)$3.03-1.38%
  • litecoinLitecoin(LTC)$96.78-0.27%
  • polkadotPolkadot(DOT)$4.53-2.16%
  • moneroMonero(XMR)$343.431.26%
  • bitget-tokenBitget Token(BGB)$5.11-0.18%
  • pepePepe(PEPE)$0.0000134.96%
  • daiDai(DAI)$1.000.00%
  • piPi(PI)$0.732.07%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$5.75-0.35%
  • bittensorBittensor(TAO)$403.12-5.10%
  • nearNEAR Protocol(NEAR)$2.70-0.04%
  • aaveAave(AAVE)$217.22-1.83%
  • okbOKB(OKB)$52.39-1.40%
  • aptosAptos(APT)$4.93-3.23%
  • ondo-financeOndo(ONDO)$0.91-1.70%
  • kaspaKaspa(KAS)$0.107995-1.21%
  • internet-computerInternet Computer(ICP)$5.07-1.94%
  • ethereum-classicEthereum Classic(ETC)$17.69-2.79%
  • gatechain-tokenGateToken(GT)$21.43-0.53%
  • crypto-com-chainCronos(CRO)$0.095898-1.88%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.730.00%
  • mantleMantle(MNT)$0.730.49%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.230935-0.92%
  • vechainVeChain(VET)$0.027502-0.97%
  • render-tokenRender(RENDER)$4.45-2.10%
  • usd1World Liberty Financial USD(USD1)$1.00-0.01%
  • ethenaEthena(ENA)$0.355820-2.53%
  • algorandAlgorand(ALGO)$0.216005-0.36%
  • filecoinFilecoin(FIL)$2.77-1.20%
  • cosmosCosmos(ATOM)$4.71-0.64%
  • bitcoinBitcoin(BTC)$103,486.630.09%
  • ethereumEthereum(ETH)$2,392.39-3.70%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.35-0.69%
  • binancecoinBNB(BNB)$638.52-0.75%
  • solanaSolana(SOL)$165.49-1.28%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.2198451.54%
  • cardanoCardano(ADA)$0.73-2.24%
  • tronTRON(TRX)$0.260950-4.09%
  • suiSui(SUI)$3.770.31%
  • chainlinkChainlink(LINK)$15.16-1.84%
  • avalanche-2Avalanche(AVAX)$21.88-2.14%
  • stellarStellar(XLM)$0.280713-2.29%
  • hyperliquidHyperliquid(HYPE)$25.95-1.38%
  • shiba-inuShiba Inu(SHIB)$0.0000140.12%
  • unus-sed-leoUNUS SED LEO(LEO)$8.660.27%
  • hedera-hashgraphHedera(HBAR)$0.189256-1.31%
  • bitcoin-cashBitcoin Cash(BCH)$391.57-1.71%
  • the-open-networkToncoin(TON)$3.03-1.38%
  • litecoinLitecoin(LTC)$96.78-0.27%
  • polkadotPolkadot(DOT)$4.53-2.16%
  • moneroMonero(XMR)$343.431.26%
  • bitget-tokenBitget Token(BGB)$5.11-0.18%
  • pepePepe(PEPE)$0.0000134.96%
  • daiDai(DAI)$1.000.00%
  • piPi(PI)$0.732.07%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$5.75-0.35%
  • bittensorBittensor(TAO)$403.12-5.10%
  • nearNEAR Protocol(NEAR)$2.70-0.04%
  • aaveAave(AAVE)$217.22-1.83%
  • okbOKB(OKB)$52.39-1.40%
  • aptosAptos(APT)$4.93-3.23%
  • ondo-financeOndo(ONDO)$0.91-1.70%
  • kaspaKaspa(KAS)$0.107995-1.21%
  • internet-computerInternet Computer(ICP)$5.07-1.94%
  • ethereum-classicEthereum Classic(ETC)$17.69-2.79%
  • gatechain-tokenGateToken(GT)$21.43-0.53%
  • crypto-com-chainCronos(CRO)$0.095898-1.88%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.730.00%
  • mantleMantle(MNT)$0.730.49%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.230935-0.92%
  • vechainVeChain(VET)$0.027502-0.97%
  • render-tokenRender(RENDER)$4.45-2.10%
  • usd1World Liberty Financial USD(USD1)$1.00-0.01%
  • ethenaEthena(ENA)$0.355820-2.53%
  • algorandAlgorand(ALGO)$0.216005-0.36%
  • filecoinFilecoin(FIL)$2.77-1.20%
  • cosmosCosmos(ATOM)$4.71-0.64%