Bitfinex

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Bitfinex Hack Mastermind Faces 5 Years in Prison

October 16, 2024
Ilya Lichtenstein, the individual behind the 2016 Bitfinex hack, is facing a five-year prison sentence for his role in a large-scale money laundering operation. According to Bloomberg, U.S. prosecutors have asked the court to impose this sentence after Lichtenstein’s guilty plea over the theft
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US Government Crypto Wallet Moves $20M After Dormancy

October 25, 2024
After months of inactivity, a crypto wallet controlled by the U.S. government moved $20 million in funds, sparking speculations about its purpose in using decentralized finance (DeFi) services. The move, detected by blockchain analytics firm Arkham Intelligence, saw withdrawals in major stablecoins, including USD Coin (USDC) and Tether (USDT), from the DeFi platform Aave. The