Bitfinex: The decade-long saga of 94,636 Bitcoins, three future scenarios explored
In 2016, Bitfinex was hacked for 119,754 Bitcoins. The hacker was released after 14 months in prison, and the court ruled that the exchange was the sole victim. 94,636 coins account for 30% of the US strategic reserve, and LEO tokens are betting on the outcome with a 60% premium.
(Background: Is the US government about to return the 90,000 Bitcoins hacked from Bitfinex? K33: The 60% premium on LEO tokens suggests the legal process is nearing its end.)
(Additional background: Bitfinex report: ETF weakness and massive whale sell-offs are double pressure, with Bitcoin at $53,000 becoming a key defensive line.)
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That night, 2,072 transactions
Six years of stealth
The ledger has not forgotten
The US Treasury's unexpected assets
Individual users, who will compensate