Changpeng Zhao Says It’s Easier to Track Crypto Than Fiat

The latest seizure of $3.6 billion worth of bitcoin tied to the 2016 hack of the crypto exchange Bitfinex has garnered attention from some of the most prominent names in the crypto world, including Binance CEO, Changpeng Zhao. In a tweet made minutes before the writing of this article, Changpeng Zhao said that it is easier to track crypto than fiat. Changpeng Zhao Highlights the Traceability of Cryptocurrency CZ’s tweet came after the U.S. Department of Justice (DOJ) announced the seizure of 94,636 bitcoins directly linked to the 2016 hack of the cryptocurrency exchange Bitfinex. This is the DOJ’s “largest cryptocurrency seizure to date.” Moreover, two people have been arrested in connection with the hack of the cryptocurrency exchange and the subsequent theft. The latest tweet from the Binance CEO is in contrast to an earlier blog post written by Changpeng Zhao last year in July where he accepted that there were issues with his crypto exchange. However, he had said back then that they were part of the exchange’s growth. U.S. Federal Officials Seize Bitfinex’s Stolen Bitcoins from 2016 The Department of Justice (DOJ) announced on Tuesday that the U.S. government had seized stolen cryptocurrency, which were directly linked to the 2016 hack of the cryptocurrency exchange Bitfinex. According to the announcement, this is the DOJ’s “largest cryptocurrency seizure to date, valued at more than $3.6 billion” at the time of the seizure...