• Bitfinex has announced that it has recovered some of the stolen assets from the 2016 Bitcoin hack.
• The assets, worth around $312,219 in cash and 6.9 in Bitcoin Cash (BCH), were returned by the United States Department of Homeland Security.
• Two individuals involved with the breach have been arrested by US authorities and they are continuing to make progress in prosecuting them.
Bitfinex Successfully Recovers Some Stolen Assets
Crypto Exchange Bitfinex has announced that it has recovered some of the stolen assets from the 2016 Bitcoin hack but stated that a considerable number of assets are still yet to be recovered. The exchange revealed that it had managed to recover $312,219 in cash and 6.9 in Bitcoin Cash (BCH) worth around $1951 at today’s prices.
Assets Returned By US Department Of Homeland Security
The assets, stolen during the 2016 hack, were returned by the United States Department of Homeland Security. US authorities seized control of the funds in 2022 after arresting two individuals in connection with the Bitfinex hack. The exchange has been working with authorities to recover the assets stolen during the hack and return them to customers.
US Customs And Border Protection Seizure
The United States Customs and Border Protection agency conducted the seizure of the recovered assets. This agency is a law enforcement agency under US Department of Homeland Security and was able to successfully seize these funds for redistribution back to customers who lost money as a result of this attack.
Bitfinex CTO Thanks Authorities For Recoveries
Paolo Ardoino, Chief Technology Officer at Bitfinex expressed his gratitude towards authorities involved stating “We are extremely pleased to be able to reach another successful milestone in the recovery of assets stolen from Bitfinex in 2016” We look forward to recovering as much of this stolen bitcoin as we can redistribute back those affected holders.”
Summary Of The Bitfinex Hack
The Bitfinex hack was one of biggest crypto hacks when 119,756 Bitcoin (BTC) were stolen from exchange valued at $71 million at time but currently stands at an astonishing $3 billion valuation due appreciation increase over years due bull run on market .Two culprits Ilya Lichtenstein & Heather Morgan from New York were apprehended arrested by US authorities and prosecuted for their role involvement .
