A Record 5 Billion Bitcoins were Seized in the United States. The US Department of Justice has seized $5 billion worth of stolen bitcoin. At the same time, two people were arrested on charges of money laundering.

U.S. authorities recovered about 120,000 bitcoins from those arrested on Tuesday. According to the BBC, bitcoins were stolen in 2016 through cryptocurrency exchange hacking. At that time, the market value of those one lakh twenty thousand bitcoins was 7 crore 10 lakh dollars.

The two arrested were 34-year-old Elijah Lichtenstein and his wife, Heather Morgan, 31. Reuters reported that the two were identified as U.S. citizens of Russian descent.

In 2016, the cryptocurrency exchange Bitfinex was hacked. That’s when a huge amount of cryptocurrency was stolen from the company.

In recent years, Bitcoin prices have risen in popularity. The market value of those 71 million bitcoins is now $5 billion. This is the largest money-laundering incident in the history of the US judiciary.

Investigators in Washington DC, New York, Chicago, and Ansbach, Germany, have worked together to seize a record amount of stolen bitcoin and arrest those involved.

According to the BBC, the arrested Liechtensteiner and Morgan will be charged in court with money laundering and conspiracy to defraud the United States. If convicted, both could face up to 25 years in prison.

Sources match the Alpha-Bay expedition.

In 2017, U.S. investigators destroyed a website called Alpha-Bay, alleging illegal transactions. After the transaction list of the site known as “Dark web’s eBay” was seized, investigators discovered that a portion of the bitcoin stolen through BitFinex hacking had been invested in the site. That’s when Liechtenstein’s account transactions with Alpha-Bay came to the attention of investigators.

According to the U.S. Department of Justice, a hacker infiltrated the Bitfinex computer system and made at least 2,000 illegal transactions before smuggling money into a digital wallet belonging to Liechtenstein, a New York resident.

After the arrest of the two suspects, Assistant Attorney General Kenneth Polite Jr. said, “The seizure proves that the government will not allow cryptocurrency to become a safe haven for money laundering or anarchy in the country’s financial system.”

The Liechtenstein-Morgan couple is accused of smuggling 25,000 stolen bitcoins using different accounts in the last five years. The allegations further allege that they have resorted to various methods to conceal their identities in money laundering; ever used a fake identity, ever exchanged a stolen bitcoin for a different cryptocurrency.

Liechtenstein and Morgan have tried to smuggle money through multiple cryptocurrency exchanges. The U.S. Department of Justice has said that the transactions were sometimes used as a means to pay off Morgan’s startups.

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Liechtenstein did everything he could to avoid cybercrime.

Morgan is a rapper by profession. In addition, he has also tried to establish himself in the world of painting, fashion designing, and even writing. In this case, Morgan presented himself as a professional “corporate coach.”

Surprisingly, one of Morgan’s most recent articles was titled “Tips to Protect Your Business from Cybercriminals” or “Tips to Protect Your Business from Cybercriminals.” For that report, he interviewed the head of a cryptocurrency exchange, discussing possible ways to prevent cyber fraud.

The seizure and seizure of the digital assets took place four months after the formation of the “National Cryptocurrency Enforcement Team” under the auspices of the US Department of Justice. Last year, the group seized 2.3 million worth of cryptocurrencies. It was part of the ransomware for the ransomware attack on the colonial pipeline.

The hacking victim Bitfinex said in a statement that it had cooperated with the investigation and was “delighted” that the stolen bitcoins had been recovered.

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