Cryptocurrency worth billions seized by hacking

 The US Justice Department has announced the recovery of over 3.6 billion hacked cryptocurrency. A New York couple has been arrested for stealing cryptocurrency through hacking in 2016. The US Department of Justice has described it as the largest case of cryptocurrency hacking. He arrested a couple allegedly involved in hacking on Tuesday. Federal law enforcement officials say money was hacked from the BitPhoenix virtual currency exchange in 2016.

In the same case, two suspects were arrested in Manhattan on Tuesday morning. He is accused of stealing money through hacking and using state-of-the-art techniques to hide transactions. The couple was produced in the court for the preliminary hearing. The couple is accused of being involved in money laundering and a conspiracy to financially harm America. "Today's arrest and the largest financial recovery by the department to date demonstrate that there is no safe haven for cryptocurrency criminals," said Deputy Attorney General Lisa O'Monaco, who "failed to maintain digital anonymity." In the attempt, the accused stole money through complex cryptocurrency transactions. How did he get the money back? Officials said the 2016 hacked bitcoin was worth $71 million.

 

He was transferred to another valet. Now its value is more than 4.5 billion dollars. (Read – Cryptocurrency trading addiction, a hidden epidemic?) Investigators found a wallet containing more than 2,000 bitcoin accounts. During the investigation, investigators were able to access a dark web market called Alpha Bay. The US Department of Justice banned this dark web market in 2017. Officials say they tracked the stolen funds in more than a dozen accounts controlled by Lichtenstein, Morgan and their businesses.