The U.S. federal court permitted the Tether/Bitfinex crypto case yesterday to proceed as a class action. Although the case of investors claims that both companies influenced Bitcoin and Ethereum prices at the time of the 2018 crypto boom using newly issued USDT tokens. A federal judge in New York permitted
One of the people who was convicted as a result of the 2016 hack on the then-largest Bitfinex cryptocurrency exchange has been released from federal custody after serving about 14 months in jail, as he was supposed to do in accordance with his sentence that was mitigated by the terms
Tether and Bitfinex have made their appearance in a huge transfer of 25,812 Bitcoins to Twenty One Capital. The total value is nearly $1.5 billion. This transaction is seen as one of the largest BTC transfers in recent history, raising eyebrows and questions about it. This transfer is definitely turning
Cantor Fitzgerald is stepping forward to create a Bitcoin investment vehicle. The son of the US Commerce Secretary, Howard Lutick, leads the firm and plans to initiate a $3 billion Bitcoin venture. This initiative gathered support from other industry giants such as SoftBank, Tether, and Bitfinex. The Financial Times reported
Ethereum posted a significant price gain in the last 24 hours. The cryptocurrency increased 3.2% to $2,715 on February 11. This followed a trend where large quantities of ETH were withdrawn by numerous investors from centralized exchanges. Whale Activity: Blockchain statistics indicate that whale addresses are transferring large quantities off
Bitfinex Securities is preparing to launch tokenized financial products in El Salvador this year. In particular, this digital securities exchange is planning to launch its successful tokenized financial product Blockstream Mining Note2 (BMN2) in Q1 2025. #DeDinero Este miércoles se desarrolla el @BFXSecurities Day en El Salvador, un evento que
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
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
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,
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,
