2 years ago
In the latest developments surrounding the 2016 Bitfinex hack, the integer plus trading level announced the instrumentality of $312,219.71 successful currency and 6.917 BCH from the United States Department of Homeland Security (DHS) arsenic portion of ongoing efforts to retrieve assets stolen during the information breach.
Bitfinex suffered a important information breach successful August 2016, starring to the theft of 119,756 bitcoins, past worthy $72 million. In a notable improvement successful 2022, the U.S. authorities managed to retrieve a information of the stolen Bitcoin, present worthy $3.6 billion, starring to the arrest of Ilya Lichtenstein and his wife, Heather R. Morgan, for wealth laundering successful transportation with the hack
The seizure was conducted by U.S. Customs and Border Protection, a instrumentality enforcement bureau nether the DHS.
Paolo Ardoino, Bitfinex’s Chief Technology Officer, expressed the company’s restitution implicit this betterment milestone and appreciation for the efforts of instrumentality enforcement agencies. “This circumstantial seizure demonstrates the committedness of instrumentality enforcement officials to diligently way each the proceeds of the transgression committed against Bitfinex astir 7 years ago,” helium stated.
As per Bitfinex’s contractual obligations to token holders, the recovered assets volition beryllium utilized to redeem Recovery Right Tokens (RRTs). These tokens were issued station the 2016 hack. However, with 30 cardinal RRTs presently successful circulation, the recovered magnitude is insufficient to redeem each RRT tokens. As per their contractual commitments, each RRT holders indispensable beryllium redeemed astatine $1. The remaining 80 percent of immoderate further recovered assets volition beryllium paid to UNUS SED LEO token holders.
RRT holders volition person their tokens redeemed pro rata today, based connected the size of their RRT holdings, connected July 6, 2023, astatine 12:00.01 AM UTC. Bitfinex continues its progressive practice with instrumentality enforcement and judicial systems to retrieve the stolen assets.
Previous betterment attempts, similar the betterment of $120,000 worthy of stolen bitcoin successful 2019, and caller arrests of individuals connected to laundering the stolen funds, bespeak ongoing attempts to bring the perpetrators to justness and retrieve stolen assets.
The station Bitfinex, US Homeland Security retrieve an further $500,000 from 2016 hack appeared archetypal connected CryptoSlate.
English (US) 