Crypto-Follow logo Crypto-Follow logo
Cryptoknowmics 2022-02-09 19:42:31

Charles Hoskinson Says DOJ Might Keep the Difference of Original And Cash Value from 2016 Bitfinex Hack

In a tweet made minutes before the time of writing this article, Charles Hoskinson joked about the Department of Justice returning only the exact amount stolen during the 2016 Bitfinex hack and keeping the rest of the amount with them. The value of stolen Bitcoins from the 2016 Bitfinex hack was $71 million. This would amount to $4.5 billion today. However, the DOJ has seized only 94,000 of the 120,000 stolen BTC, which means the seizure was worth $3.6 billion. Therefore, if the DOJ were to indeed take ‘advice’ from Charles Hoskinson regarding the 2016 Bitfinex Hack, they would stand to gain nearly $2.9 billion. U.S. DOJ Carries Out the ‘Largest Crypto Seizure’ In a press release issued by the U.S. Department of Justice on Tuesday, it was revealed that the U.S. Federal officials had seized bitcoin worth $3.6 billion linked to the 2016 Bitfinmex hack. Agents had arrested two individuals in New York on Tuesday on charges of conspiring to launder proceeds from the Bitfinex hack in 2016. The alleged conspirators are Ilya Dutch Lichtenstein and Heather Morgan, who are apparently married to each other. The DOJ has called the seizure the ‘largest crypto seizure to date‘. Soon after the seizure was made, Bitfinex had issued a statement saying that it would work with the DOJ to try and recover the seized bitcoin. It said that if it manages to recover the stolen bitcoins, it will repay investors in its UNUS SED LEO token, which was crea...

#
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer