Market crypto The morning of February 9 was really shocked by the news that the US had arrested the people behind the Bitfinex exchange attack in 2016.
The two suspects are married couple Ilya Lichtenstein - a technology entrepreneur, and Heather Morgan - an entrepreneur, security expert who used to be a contributor to Forbes, rapper with his own YouTube channel and music video, and KOL on many platforms. Social networking platforms such as Twitter and TikTok, were brought before a New York court on February 8 (US time) to hear the indictment.
Lichtenstein and Morgan are accused of conducting money laundering and financial fraud schemes that threaten the interests of the United States. If convicted, the pair face up to 25 years in prison. Even so, the indictment does not confirm whether Lichtenstein or Morgan were indeed the hackers who infiltrated Bitfinex.
Both suspects later applied for bail with a total of $5 million bail.
94,000 bitcoins were recovered from the offender
The US Department of Justice notice reads:
“According to court documents, Lichtenstein and Morgan conspired to launder 119,754 Bitcoin was stolen from Bitfinex after a hacker successfully infiltrated the exchange's system and executed over 2000 unauthorized transactions. These transactions sent the amount Bitcoin stolen to a wallet address owned by Lichtenstein. In the past 5 years, about 25,000 VND BTC was moved out of Lichtenstein's wallet through a complex money-laundering process, in which part of the laundered money was transferred to Lichtenstein and Morgan's bank accounts. The remaining amount, about 94,000 yen BTC, still in Lichtenstein's original wallet.”
Authorities said they had confiscated the entire amount of 94,000 BTC with a value of up to $ 3.6 billion. This is the largest asset confiscation in the history of the US financial crime industry.
The time when the US government confiscated the stolen Bitcoins was on February 1, 2022 – coinciding with a huge transaction from a hacker wallet. Bitfinex.
In a statement released afterward, Bitfinex praised the efforts of the US Department of Justice and said it “will continue to cooperate with the authorities and fulfill legal obligations to return the stolen BTC funds. ".
We've been associated with DOJ since its investigation began and appreciate the dedication and hard work by the DOJ team that led to this great success. Learn more https://t.co/RAlgJO0ggNFebruary 8, 2022
Bitfinex also confirmed that it will use 80% of Bitcoin recovered to buy back and burn its token, UNUS SED LEO (LEO). The LEO price then increased by more than 60% from 24 hours ago, from $4.9 to $8.