Crypto Catch: US seizes US$3.6 billion in Bitcoin; LEO soars over 50%

February 09, 2022 01:55 PM AEDT | By Daniel Paul Johns
 Crypto Catch: US seizes US$3.6 billion in Bitcoin; LEO soars over 50%
Image source: © Yamabikay | Megapixl.com

Highlights

  • A married couple were arrested in Manhattan on Tuesday morning in connection with the crime – the biggest ever crypto theft
  • Bitcoin held its value overnight, rising nearly one percent to hit US$44,200
  • The Bitfinex seizure has resulted In Bitfinex’s LEO token to rise dramatically overnight

The U.S. Justice Department has seized a record-shattering US$3.6 billion in Bitcoin tied to the 2016 hack of digital currency exchange Bitfinex.

A married couple were arrested in Manhattan on Tuesday morning in connection with the crime – the biggest ever crypto theft.

The couple - Ilya Lichtenstein, 34, and his wife Heather Morgan, 31, were scheduled to appear in federal court Tuesday as they both face charges of conspiring to commit money laundering and to defraud the United States.

It’s still unclear who will be representing the couple in the criminal case.

Deputy Attorney General Lisa O. Monaco said later that the latest seizures show that cryptocurrency is not a safe haven for criminals.

Meanwhile Bitcoin held its value overnight, rising nearly one percent to hit US$44,200.

Altcoin News

The Bitfinex seizure has resulted In Bitfinex’s LEO token to rise dramatically overnight.

In the early hours of Tuesday morning, the token was valued at US$4.98.

However, upon news of the seizure, which is the biggest in crypto history, LEO’s price rocketed to just over US$8.00.

It’s now valued at US$7.54.

Winners and Losers

winners and losers in cryptocurrency trading

Image Source @ 2022 Kalkine Media®

Data Source: Coinmarketcap.com, based on top 100 cryptos.

Note: Growth from the 24 hours prior to 12:30pm AEDT


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.


AU_advertise

Advertise your brand on Kalkine Media

Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.