US authorities confiscate billions in bitcoins

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The US authorities have succeeded in investigating a cyber attack worth billions.

(Photo: Reuters)

Washington, NY The US government has seized over $3.6 billion worth of bitcoins after a hacking attack on a crypto trading exchange. According to a statement on Tuesday, this is the largest seizure of financial assets by the Justice Department to date. The bitcoins were captured in a 2016 cyber attack on Bitfinex, an online cryptocurrency trading platform.

The Justice Department also announced the arrest of two suspects in connection with the hack. They are accused of conspiracy to launder money and fraud. It is about cryptocurrencies with a total value of about 4.5 billion dollars. The couple from New York are said to have tried to launder almost 120,000 bitcoins that came from Bitfinex. According to investigators, the accused are 34 and 31 years old and were arrested in Manhattan on Tuesday morning. They face up to 20 years in prison if convicted.

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