Thu, December 19

Bitfinex Hacker Sentenced to 5 Years for Bitcoin Laundering

Ilya Lichtenstein, the hacker behind the 2016 Bitfinex exchange breach, has been sentenced to five years in prison for his role in one of the largest cryptocurrency thefts in history. Lichtenstein, 35, stole approximately 120,000 Bitcoin, valued at $71.8 million at the time. Today, those stolen funds are worth over

November 15, 2024 2 mins read

Heather Morgan Set for Sentencing in Major Bitfinex Hack Case

Heather Morgan, known in the music world as “Razzlekhan,” is set to be sentenced on November 15 for her involvement in laundering 120,000 bitcoins stolen from Bitfinex during a 2016 hack. Prosecutors have requested an 18-month prison term for Morgan, who pleaded guilty in August 2023 to one count of

November 4, 2024 2 mins read

US Government Commends Bitfinex Hacker for Five Years Imprisonment

 In an interesting turn of events, the hackers behind Bitfinex 2016 major hack penalties were discussed by the US government. The 2016 hack was an enormous security breach that caught market attention and has still been discussed. Several other security concerns have also risen in the past few months.  Notably,

October 16, 2024 2 mins read

Bitfinex Data Breach Raises Concerns Amid Doubts on Hack’s Veracity

The devastating revelation of a massive data breach has shocked the world-renowned crypto exchange Bitfinex. A breach involving 2.5 terabytes of data has reportedly occurred, exposing sensitive information belonging to almost 400,000 consumers. Because of the previous attack, people are understandably worried about the safety of their accounts and funds,

May 5, 2024 2 mins read

Bitfinex CTO Reveals Failed $15B Worth XRP Transfer Attack on Exchange

Bitfinex CTO Paolo Ardoino said that a “partial payments exploit” trying to transfer over $15 billion worth of XRP (XRP) from an unidentified wallet to Bitfinex on January 14 never materialized. Blockchain monitoring firm Whale Alert was the first to bring attention to the move. Whale Alert claimed to have

January 15, 2024 1 min read

Bitfinex Securities Granted License to Operate in Bitcoin-Legal El Salvador

The country of El Salvador, located in Central America, has demonstrated a steadfast commitment to and prominent achievements in the realm of cryptocurrency. Recently, Bitfinex Securities took to their Twitter account to announce that they have been granted a license to operate in El Salvador, which has made history as

April 12, 2023 2 mins read

Whale Alert: Bitfinex Sent 117K Ethereum (ETH) to Unknown Wallet

In the aftermath of FTX’s bankruptcy, the global cryptocurrency market encountered the second massive bear trend in a year. Following that, most of the crypto exchanges were urged to disclose their cold and hot wallet addresses as proof of reserves to lower risks and increase market confidence. As a result

November 21, 2022 2 mins read

Bitfinex CTO Shares Proof of Reserves Following FTX Turmoil

Transparency about the actual deposits held by crypto exchanges and companies is especially important in light of the failure of significant crypto ecosystems this year, such as FTX and Terra LUNA. Bitfinex, a cryptocurrency exchange, just made public their proof of reserves amidst widespread FUD in the crypto sector. In

November 12, 2022 1 min read

Bitfinex Announces Donations Worth $1.3M For El Salvador Communities

It will begin with small enterprises in the Ilopango, Soyapango, and Apopa neighborhoods.  Bitfinex’s CTO thinks $1.33 million in crypto assets would be a boon to the country. Bitfinex, a digital currency exchange, has announced that it is providing 36 Bitcoin (BTC) and 600,000 Tether (USDT) to small companies and

July 15, 2022 1 min read