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The Bitfinex cryptocurrency exchange was hacked in August 2016. [1] 119,756 bitcoins, worth about US$72 million at the time, was stolen.[1]In February 2022, the US government recovered and seized a portion of the stolen bitcoin, then worth US$3.6 billion, [2] by decrypting a file owned by Ilya Lichtenstein (born 1989) that contained addresses and private keys associated with the stolen funds. [3]
Zhong ended up pleading guilty to wire fraud and was sentenced to 1 year and 1 day in prison along with a forfeiture of all bitcoin. [162] In 2022, the Federal Trade Commission reported that $139 million in cryptocurrency was stolen by romance scammers in 2020. [163] Some scammers target dating apps with fake profiles. [164]
Clark is widely regarded as the "mastermind" of the 2020 Twitter account hijacking, [4] [5] an event in which Clark worked with Mason Sheppard and Nima Fazeli to compromise 130 high-profile Twitter accounts to push a cryptocurrency scam involving bitcoin along with seizing "OG" (short for original) usernames to sell on OGUsers.
A Miami man is facing charges after authorities said he teamed up with a California man in a scam to steal and launder over $230 million in ... fraudulently obtained over 4,100 Bitcoin, which was ...
In a notice, the Philippines’ Securities and Exchange Commission (SEC) has sternly warned promoters of 14 cryptocurrency investment schemes against soliciting domestic investors. In an advisory ...
Ilya Lichtenstein sentenced for theft of $11 billion worth of bitcoin from the Bitfinex crypto exchange
On November 9, 2021, a raid on his Gainesville, Georgia, home resulted in the seizure of about 50,676 bitcoin, then valued at over $3.36 billion. [8] Zhong cooperated with investigators, forfeited all of his bitcoin and pled guilty to one count of wire fraud. [9] In April 2023, Zhong was sentenced to a year and a day in prison. [1]
In 2023, consumers reported $114 million in losses from scams involving BTMs — a nearly 900% increase over the preceding three years, the FTC said Tuesday in a report. Losses through June of ...