120,000 Bitcoin from 2016 Bitfinex Hack to be Returned
- A court has ruled that approximately 120,000 Bitcoin seized from the 2016 Bitfinex hack should be returned to the exchange.
- The Bitcoin was originally valued at $71 million and has appreciated to over $4 billion.
- On July 6, 2023, Bitfinex received $312,219.71 in cash and 6.917 BCH as part of recovery efforts.
- The defendants, Ilya Lichtenstein and Heather Morgan, were sentenced in November 2024 for money laundering.
- Law enforcement has recovered about $10 billion in stolen assets since February 2022.
The court’s decision mandates the return of approximately 120,000 Bitcoin to Bitfinex, significantly increasing from its initial value of $71 million to over $4 billion today.
