Possibly the largest seizure ever in the United States
Russian-American couple stole cryptocurrencies from virtual exchanges since 2016
The value of 7.71 million bitcoins stolen by the pair in 2017 reached 50 450 million today
WASHINGTON: The US Justice Department has ordered the largest financial seizure in its history of over Rs 60 crore (Rs 2,700 crore). He has also ordered the arrest of a couple from New York in this case. The couple has been stealing cryptocurrencies from virtual currency exchanges since 2016.
The 7.71 million bitcoins stolen in 2017 are now valued at 4.4.5 billion. Federal law enforcement officials said the amount they collected was from virtual currency exchange Bitfinex. Its system was hacked by hackers six years ago. Russian national Ia Dutch Liechtenstein, 34, and his American wife Heather Morgan, 31, were arrested on Tuesday morning.
The criminals have been accused of laundering stolen cryptocurrencies and conducting financial transactions using a variety of highly sophisticated methods. He is accused of money laundering and fraud with the US.
At the preliminary hearing, Magistrate Judge Liechtenstein ordered the release on 30 5 million bonds signed by the parents and Morgan on 30 3 million bonds. But he will remain in custody till the conditions of his bail are fulfilled. Bitfinex says it is working with the Justice Department to recover stolen bitcoins.
The prosecution argued that the accused should not be granted bail. They still have the possibility of running away with huge amounts of money. The couple are not the only ones to be accused in the Bitfinex case.
The hackers also transacted about two thousand bitcoins from the stolen funds. They have laundered 1,19,754 bitcoins stolen by hackers. The deals are from Liechtenstein’s digital wallet. The 7.71 million bitcoins stolen at that time are worth 4.4.5 billion today.
Authorities say they have unearthed dozens of accounts from Liechtenstein, his wife and their business. They tried new types of money laundering techniques to hide their activities.
He opened an account in a false name and used a computer program to automate transactions. They were using the dark web’s criminal marketplace Alphabet. The Justice Department dismissed him in 2017.