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Couple accused of laundering Bitfinex hack proceeds reportedly seeks plea deal

The case listening to for the couple concerned in laundering cash for the Bitfinex hack has been postponed. Ilya Lichtenstein and his spouse Heather Morgan have been accused of being concerned within the Bitfinex hack in 2016.

Bitfinex case postponed

The US Department of Justice was concerned within the arrest of Lichtenstein and Morgan and managed to get well 119,754 Bitcoin (BTC) from the couple. The Bitcoin belonged to Bitfinex, a cryptocurrency trade hacked six years in the past.

The couple that is now famously often known as the “Crocodile of Wall Street” was charged with making an attempt to launder the funds stolen from the large Bitfinex hack in 2016. The detection of the funds being laundered by the couple fashioned a serious argument that cryptocurrencies can’t be used to conduct illicit actions as a result of transactions will be monitored simply.

The newest growth additionally revealed that the 2 have been negotiating a plea deal with the Department of Justice. The courtroom listening to for the case was scheduled for June 3 at a federal courtroom in Washington, nevertheless it has now been postponed to a later date.

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The federal prosecutors have requested the choose to postpone the listening to of the case till August 2. The prosecutors mentioned that they wanted extra time to undergo the monetary data linked to the case. They added that they have been taking a look at a plea deal for the couple.

$3.6B value of stolen Bitcoin

When the couple was arrested, $3.6 billion value of Bitcoin was seized. The Bitcoin was linked to the Bitfinex hack of 2016. Lisa Monaco, the US Deputy Attorney normal, mentioned that this seizure was the division’s largest monetary confiscation to be ever made.

The Department of Justice didn’t problem any costs to the couple associated to hacking the trade in 2016. The couple is solely being accused of laundering the proceeds of the hack and for initiating greater than 2000 unlawful transactions.

When the hack occurred, the stolen Bitcoin was value round $72 million. However, the worth of the belongings has since elevated considerably to be value round $4.5 billion. Bitfinex famous that it was working alongside the DoJ to examine this hack. It additionally famous that it was pleased that the authorities efficiently recovered the large quantity of Bitcoin stolen through the 2016 hack. Bitfinex has remained in operation through the years regardless of the hack.

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