U.S. government dispenses funds from 2016 Bitfinex hack
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The United States Department of Homeland Security has distributed $312,219.71 in cash and 6.917 in Bitcoin Cash BCH 🔺$284 to Bitfinex — representing a tiny portion of the funds siphoned in the 2016 cryptocurrency exchange hack. “This is part of Bitfinex’s ongoing efforts, working with law enforcement and other investigation agencies, to recover assets stolen from the exchange in August 2016," Bitfinex said.
The August 2016 hack resulted in the loss of 119,576 Bitcoin, worth roughly $70 million at the time and a whopping $3.7 billion in today's dollars. In February 2022, the U.S. Department of Justice arrested Ilya Lichtenstein and his wife, Heather Morgan, for allegedly conspiring to launder the stolen funds.
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