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Officials also charged two people on Tuesday with attempting to launder the money, stolen by a hacker who breached a cryptocurrency platform in The hacker allegedly made off with nearly , Bitcoin. Assistant Attorney General Kenneth Polite Jr said the seizure was proof the government "will not allow cryptocurrency to be a safe haven for money laundering or a zone of lawlessness within our financial system".
The money originates from the hack of a crypto exchange known as Bitfinex. According to Justice Department officials, a hacker breached the platform, made more than 2, unauthorised transactions and then funnelled the money into a digital wallet allegedly run by Ilya Lichtenstein, 34, of New York.
A criminal complaint alleges Lichtenstein and his wife, Heather Morgan, 31, laundered about 25, of the stolen Bitcoin through various accounts over the past five years and used various methods to cover their tracks, from fake identities to converting their Bitcoin into other digital currencies. In a statement, Bitfinex said it had cooperated with the inquiry and was "pleased" the stolen funds had been recovered. Lichtenstein and Morgan will appear before a federal judge later on Tuesday, on counts of conspiracy to defraud the US and conspiracy to commit money laundering.
Buffett, J. Or follow us on Flipboard. Check your inbox or spam folder to confirm your subscription. Ana Nicenko has a plethora of knowledge and experience as a journalist covering the cryptocurrency and blockchain industries, having written for a variety of projects and organizations.
Additionally, Ana has a master's degree in English Language and Literature. At Finbold, she reports news on the digital assets sector. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted.
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Stocks Regulations Financial crime Banking Interviews. Percentage Calculator. Ana Nicenko 3 days ago 2 mins read. Related Commodity expert warns biggest losers in a stock market drop will be Bitcoin, copper and oil Bitcoin outflows from multiple exchanges suggest BTC price hike is imminent Texas bank introduces Bitcoin savings plan for employees. Cryptocurrency news. Stocks news. Finance news.

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