Bitfinex
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Alleged crypto launderer Heather Morgan led a second life as the world's worst rapper
Laundering billions in Bitcoin may not even be the worst crime of her life.
Justice Department recovers $3.6 billion in Bitcoin from 2016 Bitfinex hack
The Department of Justice has seized approximately $3.6 billion worth of Bitcoin stolen in the 2016 hack of Hong Kong-based cryptocurrency exchange Bitfinex.
Cryptocurrency exchange accused of covering up $850 million loss
In the evolving story of a so-called "stablecoin" the office of New York Attorney General Letitia James accused iFinex Inc. -- operator of the Bitfinex exchange and the Tether cryptocurrency -- of trying to cover up "the apparent loss of $850 million dollars of co-mingled client and corporate funds." While researchers have tied Tether transactions to the spike in Bitcoin value that occurred between March 2017 and March 2018, this issue of the missing money is allegedly tied to a transfer of $850 million in funds to Crypto Capital Corp., a payment processor based in Panama.
Price manipulation caused Bitcoin's huge 2017 surge, researchers say
Bitcoin soared to enormous heights late last year to over $19,000 for a single digital coin. Researchers now say that the digital currency Tether was used to inflate the value of bitcoin late last year. Indeed, a blockchain analysis showed that a tiny number of Tether-backed transactions caused about half of bitcoin's massive surge in value from March 2017 through March 2018.
Hackers steal $63.7 million from Bitcoin exchange
A Hong Kong-based Bitcoin exchange has suspended all transactions after hackers stole a significant sum of the cryptocurrency. Bloomberg is reporting that 119,756 BTC, currently valued at $63.7 million, has been taken from Bitfinex. The news has helped to contribute to a drop in Bitcoin's value, and over the last two days it has fallen by around 13 percent.
