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2019-02-25 18:40:59

US Govt Returns Stolen Bitcoin to Crypto Exchange Bitfinex From $65 Million Hack

Bitfinex cryptocurrency exchange has revealed that 27.66270285 BTC, a portion of the stolen funds from the 2016 hack, was successfully recovered by law enforcement of the U.S. government. Recovered BTC to Reimburse Recovery Right Token Holders Following the hacking event, Bitfinex launched an investigation with the assistance of enforcement agencies internationally, to trace the 119,756 BTC that vanished from the exchange’s premises. According to the recovery strategy outlined after the incident, Bitfinex generalized the losses from every account and credited a USD-pegged token dubbed BFX in an equivalent amount to the damages each customer suffered. Subsequently, Bitfinex gave its customers the option The post US Govt Returns Stolen Bitcoin to Crypto Exchange Bitfinex From $65 Million Hack appeared first on CCN