Bitfinex Recovers $312,000 and 6.917 BCH from 2016 Theft
Crypto exchange Bitfinex has successfully recovered $312,000 in cash and 6.917 BCH ($2,000) that were stolen in a 2016 hack. The assets were received from the United States Department of Homeland Security, which played a crucial role in seizing the stolen digital assets and prosecuting the culprits.
Key Points:
– United States Department of Homeland Security helps Bitfinex recover stolen assets from the 2016 hack.
– Bitfinex Chief Technology Officer Paolo Ardoino expresses satisfaction with the recovery.
– The recovered funds will be distributed proportionally to owners of Recovery Right Tokens (RRT).
– RRT holders can swap their tokens 1:1 with $1 of the recovered funds.
– 30 million RRTs are still in circulation.
This recovery marks another milestone for Bitfinex in reclaiming stolen assets from the 2016 hack. The exchange looks forward to recovering more stolen bitcoin and redistributing it to the holders of the tokens that were issued in response to the hack.
Hot Take
Bitfinex’s successful recovery of stolen assets is a positive development for both the exchange and its users. By working closely with government authorities, Bitfinex has demonstrated its commitment to addressing security breaches and compensating affected users. This recovery also serves as a reminder of the importance of storing digital assets securely and the potential for law enforcement agencies to assist in such cases.
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