Couple charged with laundering billions in stolen Bitcoin
Stolen Bitcoin worth more than $5bn (拢3.7bn) has been seized by the US Department of Justice - the largest ever confiscation of its kind.
Stolen Bitcoin worth more than $5bn (拢3.7bn) has been seized by the US Department of Justice - the largest ever confiscation of its kind.
Officials also arrested and charged two people on Tuesday with attempting to launder the money, which amounts to nearly 120,000 Bitcoin.
The funds, stolen by a hacker who breached a cryptocurrency exchange in 2016, were valued at about $71m.
But, with the rise in Bitcoin's value, it is now valued at more than $5bn.
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 2016 hack of a crypto exchange known as Bitfinex.
According to Justice Department officials, a hacker breached the platform, made more than 2,000 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 25,000 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. The couple have denied the allegations.
Newsday spoke earlier to Eric Tucker, the national security reporter for the Associated Press in Washington.
(Photo: Bitcoin blockchain E-commerce concept on digital Screen. Credit: Getty Images)
Duration:
This clip is from
More clips from Newsday
-
Liam Payne: Fans mourn death of One Direction singer
Duration: 03:35
-
Sudan's footballers provide 'joy amongst the chaos'
Duration: 04:00
-
Hurricane Milton: The residents deciding to stay, or evacuate
Duration: 02:59
-
Mpox spreading rapidly in Burundi
Duration: 03:21