Key Points:
Read more: Bitfinex And El Salvador Issue First Token Bond To Boost Tourism
Prosecutor Matthew M. Graves said that although Bitfinex represents the singular victim for the purposes of the CVRA, the government is seeking to notify potential victims of their rights.
Absent any other apparent victims who could be identified as satisfying both the CVRA and/or MVRA, the government would, in an abundance of caution, propose contacting all the former account holders of the VCE.
Defendants Ilya Lichtenstein and Heather Rhiannon Morgan have not objected to the government’s motion. Their defence took a position that any victims under either the CVRA or MVRA are Bitfinex.
By April 2017, Bitfinex stolen Bitcoins had been redeemed and gave some customers shares in its parent company, iFinex. The only party that lost financially from the 2016 cyber attack was the company itself, argues the company.
Recent developments indeed show that the restitution process will surely revolve around Bitfinex due to the fact that it has paid its users with other means.
Bitfinex stolen Bitcoin presents a case of the biggest security incidence for digital exchanges in cryptocurrency. The situation had a wide impact on the market and raised questions regarding the security approach by digital asset exchanges. In the meantime, all compensations by Bitfinex to the users and recovery of lost assets have positioned it to reclaim a major portion of the funds stolen.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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