Daily Sabah logo

Politics
Diplomacy Legislation War On Terror EU Affairs Elections News Analysis
TÜRKİYE
Istanbul Education Investigations Minorities Expat Corner Diaspora
World
Mid-East Europe Americas Asia Pacific Africa Syrian Crisis Islamophobia
Business
Automotive Economy Energy Finance Tourism Tech Defense Transportation News Analysis
Lifestyle
Health Environment Travel Food Fashion Science Religion History Feature Expat Corner
Arts
Cinema Music Events Portrait Reviews Performing Arts
Sports
Football Basketball Motorsports Tennis
Opinion
Columns Op-Ed Reader's Corner Editorial
PHOTO GALLERY
JOBS ABOUT US RSS PRIVACY CONTACT US
© Turkuvaz Haberleşme ve Yayıncılık 2023

Daily Sabah logo

عربي
  • Politics
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • Elections
    • News Analysis
  • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Expat Corner
    • Diaspora
  • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • Islamophobia
  • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
  • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
  • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Reviews
    • Performing Arts
  • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
  • Gallery
  • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
  • TV
  • Business
  • Automotive
  • Economy
  • Energy
  • Finance
  • Tourism
  • Tech
  • Defense
  • Transportation
  • News Analysis

US seizes $3.6B worth of Bitcoin stolen in 2016 Bitfinex hack

by DAILY SABAH WITH AGENCIES

ISTANBUL Feb 08, 2022 - 8:32 pm GMT+3
Representations of the virtual currency Bitcoin are seen in this picture illustration taken taken March 13, 2020. (Reuters File Photo)
Representations of the virtual currency Bitcoin are seen in this picture illustration taken taken March 13, 2020. (Reuters File Photo)
by DAILY SABAH WITH AGENCIES Feb 08, 2022 8:32 pm

The United States Justice Department said in a statement late Tuesday that it has seized $3.6 billion worth of Bitcoin stolen during the 2016 Bitfinex exchange hack.

A couple has been arrested for conspiracy to launder cryptocurrency stolen from the exchange, it added.

Nearly 120,000 units of digital currency Bitcoin worth about $72 million back in the day was stolen from the exchange platform Bitfinex in Hong Kong in August 2016, rattling the global Bitcoin community in the second-biggest security breach ever of such an exchange.

But the biggest case was in 2014, when the Tokyo-based Mt Gox trading exchange, then the largest in the world, declared bankruptcy when hundreds of millions of dollars in Bitcoins vanished or were stolen.

The company admitted 850,000 coins – worth around $480 million at the time – had disappeared from its digital vaults.

The collapse left a trail of angry investors calling for answers and denting the virtual currency's reputation.

  • shortlink copied
  • Last Update: Feb 09, 2022 10:51 am
    RELATED TOPICS
    fight-against-terrorism DEUTSCHE-BANK US-LIBYA-RELATIONS
    KEYWORDS
    bitcoin bitfinex cyber attack
    The Daily Sabah Newsletter
    Keep up to date with what’s happening in Turkey, it’s region and the world.
    You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    Brazil's Dani Alves in action during the FIFA World Cup Qatar 2022 Round of 16 match between Brazil and South Korea at Stadium 974, Doha, Qatar, Dec. 5, 2022. (Getty Images Photo)

    Dani Alves remains in jail as new rape case's harrowing details unfold

    DANI-ALVES
    A fragment of the statue of Pan, the Greek god of shepherds and flocks in Greek mythology, discovered in Saraçhane Archaeology Park, Istanbul, Türkiye, June 1, 2023. (DHA Photo)

    Excavations in Istanbul unearth statue of Greek deity Pan

    pan

    Sudan's paramilitary forces take over Khartoum museum

    SUDAN

    'Ulysses of Istanbul': Celebrating James Joyce's masterpiece

    james-joyce
    No Image
    Laylat al-Miraj: Holy Muslim night marked in mosques across Turkey
    PHOTOGALLERY
    • POLITICS
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • News Analysis
    • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Diaspora
    • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • İslamophobia
    • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
    • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
    • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Performing Arts
    • Reviews
    • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
    • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
    • Photo gallery
    • Jobs
    • privacy
    • about us
    • contact us
    • RSS
    © Turkuvaz Haberleşme ve Yayıncılık 2021