It will be really interesting to see how everything plays out from here in regards to the DOJ returning the Bitcoin to Bitfinex and Bitfinex dispersing 80% of the value of the [94,000] recovered bitcoins [...] to those who own the UNUS SED LEO tokens that Bitfinex issued to those who were affected by the hack in 2016 [...]
Many believed Bitfinex would never see those bitcoins again. This is a pretty big windfall for Bitfinex considering they already made those affected by the hack whole.
Bitfinex will work with the DOJ and follow appropriate legal processes to establish our rights to a return of the stolen bitcoin.
If Bitfinex receives a recovery of the stolen bitcoin, as described in the UNUS SED LEO token white paper, Bitfinex will, within 18 months of the date it receives that recovery use an amount equal to 80% of the recovered net funds to repurchase and burn outstanding UNUS SED LEO tokens.
U.S. Department of Justice Announcement Regarding Seizure of Bitcoin Linked to the August 2016 Security Breach https://www.bitfinex.com/posts/766
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Related:
Elliptic Analysis: New York Husband and Wife Arrested for Allegedly Laundering $5 Billion in Bitcoin Stolen from Bitfinex in 2016
#10789
https://www.elliptic.co/blog/elliptic-analysis-new-york-husband-and-wife-arrested-for-laundering-5-billion-in-bitcoin-stolen-from-bitfinex-in-2016
US DOJ: Two Arrested for Alleged Conspiracy to Launder $4.5 Billion in Stolen Cryptocurrency
#10790
https://www.justice.gov/opa/press-release/file/1470211/download
DOJ seizes 3.6bn in stolen bitcoin
#10784
https://www.bloomberg.com/news/articles/2022-02-08/doj-seizes-3-6-billion-in-bitcoin-stolen-in-2016-bitfinex-hack
Related:
2016 Bitfinix Hacked Coins Seized by Feds, Two Arrested
#10781
https://www.washingtonpost.com/national-security/2022/02/08/bitfinex-hack-bitcoin-arrests/
Related:
Justice Department retrieves $3.6 billion in Bitcoin from 2016 hack
#10982
https://www.wealthiertoday.com/news/justice-department-retrieves-3-6-billion-in-bitcoin-from-2016-hack/
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Bitfinex press release:
U.S. Department of Justice Announcement Regarding Seizure of Bitcoin Linked to the August 2016 Security Breach
https://www.bitfinex.com/posts/766
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