US recovers billions worth of stolen bitcoins in record financial seizure

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US recovers billions worth of stolen bitcoins in record financial seizure
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US Justice Department recovers more than 94,000 bitcoin stolen in 2016, currently valued at $3.6 billion, a record seizure

The stolen cryptocurrency, valued at $71 million at the time of the theft, is now valued at $4.5 billion, officials said.

A couple accused of seeking to launder the bitcoin were arrested in New York, the department said on Tuesday. Lichtenstein and Morgan allegedly sought to launder the proceeds of 119,754 bitcoin, then valued at $65 million, that were stolen during a 2016 hack of the virtual currency exchange Bitfinex. About 25,000 of the stolen bitcoin were transferred out of the wallet over the next five years "through a labyrinth of cryptocurrency transactions," and the funds were used to buy items such as gold or digital NFTs .

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