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US Homeland Security returns $314K from 2016 Bitfinex hack

Published 07/06/2023, 02:10 PM
Updated 07/06/2023, 05:40 PM
BCH/USD
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Via a July 6 announcement, cryptocurrency exchange Bitfinex says it has received $312,219.71 in cash and 6.917 in Bitcoin Cash (BCH) from the United States Department of Homeland Security. The seizure was conducted in cooperation with U.S. Customs and Border Protection. According to Bitfinex staff:

The assets will be returned on a pro-rated basis to victims of the 2016 Bitfinex hack. Shortly after the security breach, Bitfinex issued Recovery Rights Tokens (RRTs) with a par value of $1 each. There are currently 30 million RRTs in circulation. After redemption of RRTs with recovered assets, the remainder will be paid to token holders of Unus Sed Leo (LEO), Bitfinex’s native token.

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