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The US has seized $3.6bn (£2.65bn) in cryptocurrency that was stolen in a 2016 hack of Bitfinex, a virtual currency exchange.
The Department of Justice said the action represents its largest-ever financial seizure.
A New York couple have been arrested accused of conspiring to launder bitcoin that was stolen during the massive breach more than six years ago.
How US officials recovered the funds
After a hacker attacked Bitfinex and initiated more than 2,000 transactions, Ilya Lichtenstein and his wife Heather Morgan are accused of conspiring to launder the proceeds of 119,754 bitcoin.
Matthew Graves, the US attorney for the District of Columbia, said the money moved through a major darknet exchange linked to a host of crimes.
The funds were valued at $71m (£52m) at the time but are now worth over $4.5bn (£3.3bn), according to officials.
The stolen bitcoin was allegedly sent to a digital wallet controlled by Mr Lichtenstein.
Over the last five years, 25,000 of these bitcoin were transferred out of the wallet using a “complicated money laundering process” and into financial accounts controlled by the couple, prosecutors said.
Millions of dollars were allegedly cashed out through bitcoin ATMs, with proceeds used to buy gold and non-fungible tokens as well as other items such as Walmart gift cards used for personal expenses.
The remaining funds – more than 94,000 bitcoin – allegedly stayed in the wallet used to store the illegal proceeds from the hack.
Search warrants allowed special agents to gain access to files in an online account allegedly controlled by Mr Lichtenstein, which contained the private keys to access the wallet.
All of the funds that were in the wallet were seized, with a value of more than $3.6bn (£2.65bn).
Cryptocurrency ‘not a safe haven for…
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Source : skynews
