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Bitfinex Crypto Hack: US Arrests Couple For Allegedly Laundering $4.5 Billion - Investment - Nairaland

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Bitfinex Crypto Hack: US Arrests Couple For Allegedly Laundering $4.5 Billion by fergie001: 6:29pm On Feb 08, 2022
Justice Department Says It Seized $3.6 Billion (valued at the time) Stolen in Cryptocurrency Exchange Hack

The FBI arrested a husband and wife on Tuesday morning, alleging they conspired to launder cryptocurrency stolen from the 2016 hack of virtual currency exchange Bitfinex, and said law enforcement has already seized over $3.6 billion in cryptocurrency tied to the hack.

The action represents the Justice Department’s largest-ever financial seizure, Deputy Attorney General Lisa Monaco said, adding in a statement that it shows cryptocurrency is “not a safe haven for criminals.”

Ilya Lichtenstein, 34, and his wife Heather Morgan, 31, both of Manhattan, are scheduled to make their initial appearances in federal court Tuesday at 3:00 p.m. in the U.S. District Court for the Southern District of New York.

The case was filed in a federal court in Washington, D.C.

The pair is accused of conspiring to launder 119,754 bitcoin that was stolen, after a hacker attacked Bitfinex and initiated more than 2,0000 unauthorized transactions.

Justice Department officials said the transactions at the time were valued at $71 billion in Bitcoin, but with the rise in the currency’s value, it is now valued at over $4.5 billion.

“As the complaint alleges, the FBI and federal prosecutors were able to trace the movement of Bitcoin from this hack,” said Matthew Graves, the U.S. Attorney for the District of Columbia.

He added that the money moved through a major darknet exchange tied to a host of crimes, as well as cryptocurrency addresses tied to child sexual abuse materials.

Tuesday’s criminal complaint came more than four months after Monaco announced the department was launching a new National Cryptocurrency Enforcement Team, which is comprised of a mix of anti-money laundering and cybersecurity experts.

Cyber criminals who attack companies, municipalities and individuals with ransomware often demand payment in the form of cryptocurrency.

In one high-profile example last year, former partners and associates of the ransomware group REvil caused a widespread gas shortage on the U.S. East Coast when it used encryption software called DarkSide to launch a cyber attack on the Colonial Pipeline.

The Justice Department was later recovered some $2.3 million in cryptocurrency ransom that Colonial paid to the hackers.

SOURCE

2 Likes

Re: Bitfinex Crypto Hack: US Arrests Couple For Allegedly Laundering $4.5 Billion by dawnomike(m): 6:32pm On Feb 08, 2022
Billion dollar criminal couple...

16 Likes 2 Shares

Re: Bitfinex Crypto Hack: US Arrests Couple For Allegedly Laundering $4.5 Billion by DropsMic(m): 7:23pm On Feb 08, 2022
dawnomike:
Billion dollar criminal couple...

Bonnie and Clyde.

Ride and crash together.

46 Likes

Re: Bitfinex Crypto Hack: US Arrests Couple For Allegedly Laundering $4.5 Billion by slawormiir: 7:23pm On Feb 08, 2022
Damnnn niggar
Isoright

5 Likes 2 Shares

Re: Bitfinex Crypto Hack: US Arrests Couple For Allegedly Laundering $4.5 Billion by Winters23: 7:23pm On Feb 08, 2022
The biggest cyber criminals are not Nigerians.

But the western media derives some kind of satisfaction by labeling Nigerians and other Africans as scammers.

Criminality is not tied to any nation, tribe or religion. It’s the universal language of all men of easy virtue.

No matter how long it takes all criminals will come to justice one way or the other.

148 Likes 11 Shares

Re: Bitfinex Crypto Hack: US Arrests Couple For Allegedly Laundering $4.5 Billion by Koleb: 7:24pm On Feb 08, 2022
Hmmmm too much money.

2 Likes

Re: Bitfinex Crypto Hack: US Arrests Couple For Allegedly Laundering $4.5 Billion by kayzkayz(m): 7:24pm On Feb 08, 2022
dawnomike:
Billion dollar criminal couple...

Nae be BDCC grin

4 Likes 4 Shares

Re: Bitfinex Crypto Hack: US Arrests Couple For Allegedly Laundering $4.5 Billion by Maverickking1(m): 7:24pm On Feb 08, 2022
Ozark couple lol.

5 Likes

Re: Bitfinex Crypto Hack: US Arrests Couple For Allegedly Laundering $4.5 Billion by majekobaje1: 7:24pm On Feb 08, 2022
Oshe awon ti huspopy
Re: Bitfinex Crypto Hack: US Arrests Couple For Allegedly Laundering $4.5 Billion by Frigga13: 7:25pm On Feb 08, 2022
Couple with same goal and vision..

6 Likes

Re: Bitfinex Crypto Hack: US Arrests Couple For Allegedly Laundering $4.5 Billion by Kennyfancy(m): 7:25pm On Feb 08, 2022
See money
Re: Bitfinex Crypto Hack: US Arrests Couple For Allegedly Laundering $4.5 Billion by Dbegining: 7:25pm On Feb 08, 2022
Re: Bitfinex Crypto Hack: US Arrests Couple For Allegedly Laundering $4.5 Billion by Sholaco: 7:25pm On Feb 08, 2022
Na wa oooo
Re: Bitfinex Crypto Hack: US Arrests Couple For Allegedly Laundering $4.5 Billion by Offpoint1: 7:25pm On Feb 08, 2022
That's some shit loads of money...

I can buy justice with such amount of money in Nigeria.

Borrowed the president $1B
Bribe all the judiciary system with $1B
Bribe all the law enforcement agencies with $500m
Bribe all the religious house with $400m
Bribe all my neighbours, friends, relatives, enemies with $100m

keep the rest for myself and everyone's happy

This is kinda crime I will commit if I ever consider going into crime and not all these useless 1k, 5k, 10k, 20k dollars crime these useless boys are ranting about


And what exactly is does this line mean? " Justice Department officials said the transactions at the time were valued at $71 billion in Bitcoin, but with the rise in the currency’s value, it is now valued at over $4.5 billion.

32 Likes 1 Share

Re: Bitfinex Crypto Hack: US Arrests Couple For Allegedly Laundering $4.5 Billion by MufasaLion: 7:25pm On Feb 08, 2022
United States of America! GREATEST of all time!

2 Likes

Re: Bitfinex Crypto Hack: US Arrests Couple For Allegedly Laundering $4.5 Billion by Uzomarvin1121: 7:26pm On Feb 08, 2022
Third to cement
Re: Bitfinex Crypto Hack: US Arrests Couple For Allegedly Laundering $4.5 Billion by DamnnNiggarr: 7:26pm On Feb 08, 2022
shocked

4.5 what
In dollars o! Not in naira angry

Aswear, hush puppy still dey learn work.

1 Like

Re: Bitfinex Crypto Hack: US Arrests Couple For Allegedly Laundering $4.5 Billion by Anthony0094(m): 7:26pm On Feb 08, 2022
If u want to marry,marry ur type

12 Likes 1 Share

Re: Bitfinex Crypto Hack: US Arrests Couple For Allegedly Laundering $4.5 Billion by MrPADDY(m): 7:26pm On Feb 08, 2022
This is serious
Re: Bitfinex Crypto Hack: US Arrests Couple For Allegedly Laundering $4.5 Billion by signature2012(m): 7:26pm On Feb 08, 2022
I have never ever liked Crypto.
A lot of bad deals can be done through it ranging from ;

Fraud
Drug deals
Kidnapping ransom
Politicians stealing
Hacking

To all those that believed Crypto can’t be traced,hope una eyes don clear?

Just imagine you buy bitcoin from some and not knowing the coin we’re gotten from illicit deals.
They trace it and seize your innocent funds.

There is this statement coming in the mouth of Crytpo invest that I dislike so much.
“Don’t invest the amount you can’t afford to lose”
Who invest in biz and look forward to lose?

An investment with not regulatory body to monitor it.
Elon could just wake up tomorrow morning and tweet gibberish.Bitcoin will just fall or rise.

Oya,make una go buy the dipppppppppppp!

13 Likes

Re: Bitfinex Crypto Hack: US Arrests Couple For Allegedly Laundering $4.5 Billion by MufasaLion: 7:26pm On Feb 08, 2022
Frigga13:
Couple with same goal and vision..

WTF? Hilarious.

grin grin grin

3 Likes

Re: Bitfinex Crypto Hack: US Arrests Couple For Allegedly Laundering $4.5 Billion by onedayatime(m): 7:26pm On Feb 08, 2022
Okay. Don't tell me that is the reason why Bitcoin is falling freely today
Re: Bitfinex Crypto Hack: US Arrests Couple For Allegedly Laundering $4.5 Billion by oladapoayo(m): 7:27pm On Feb 08, 2022
This can only happen in a country where things work.
Re: Bitfinex Crypto Hack: US Arrests Couple For Allegedly Laundering $4.5 Billion by yusluvad(m): 7:27pm On Feb 08, 2022
Criminal couple...
Re: Bitfinex Crypto Hack: US Arrests Couple For Allegedly Laundering $4.5 Billion by hedonister: 7:27pm On Feb 08, 2022
I just came to check if it's a Nigerian couple. God, I thank you oo.

7 Likes 1 Share

Re: Bitfinex Crypto Hack: US Arrests Couple For Allegedly Laundering $4.5 Billion by Aloof: 7:28pm On Feb 08, 2022
See major cashout nah

3 Likes

Re: Bitfinex Crypto Hack: US Arrests Couple For Allegedly Laundering $4.5 Billion by toluxa1(m): 7:28pm On Feb 08, 2022
Hmm
Re: Bitfinex Crypto Hack: US Arrests Couple For Allegedly Laundering $4.5 Billion by Adabilaal: 7:28pm On Feb 08, 2022
Nice one
Re: Bitfinex Crypto Hack: US Arrests Couple For Allegedly Laundering $4.5 Billion by Nobody: 7:29pm On Feb 08, 2022
Btc to 9k
Re: Bitfinex Crypto Hack: US Arrests Couple For Allegedly Laundering $4.5 Billion by Amed4bilz(m): 7:29pm On Feb 08, 2022
People get mind sha

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