October 10, 2024 at 09:50 AM GST updated: October 10, 2024 at 09:34 AM 2 mins read News The U.S. government may recognize Bitfinex as the sole eligible entity for compensation after the 2016 Bitcoin hack. Bitfinex’s creative compensation strategy included issuing BFX tokens and helping customers recover losses from the hack. The government plans…
The U.S. Supreme Court declined to hear a case over 69,370 Bitcoin seized from Silk Road, clearing the way for the government to sell it. Battle Born Investments had claimed rights to the Bitcoin but lost in lower courts, with the Supreme Court’s refusal marking the end of the legal fight. The United States Supreme…
The U.S. government is taking legal action to seize 200,000 tether (USDT), worth $200,000, linked to a major cryptocurrency fraud. The funds, converted from stolen bitcoin, could soon be returned to the Ohio victim after a forfeiture trial. Investigators used blockchain technology to track the illicit funds, leading to their freeze and eventual federal seizure….