Recent developments significantly impact cryptocurrency traders. The focus is on the Bitfinex hack, which may soon see increased activity. According to a formal request from the US government, Bitfinex is recognized as the sole Bitcoin $76,092 creditor in the hacking incident. What does this imply?
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The United States announced through the U.S. Attorney for the District of Columbia that it is investigating potential creditors affected by the hacking incident; however, it confirmed that Bitfinex is the only creditor.
“The government is unaware of any person who claims to be a victim under CVRA or seeks restitution under MVRA outside of the victim virtual currency exchange Bitfinex (“VICTIM VCE”), but is making this request for assistance as a precaution.”
If the US government does not find any other creditors, it may directly return the assets to the exchange. This would lead to a significant reduction in US BTC reserves. As shared by Anlcnc1, there are a total of 106,000 BTC across two different wallets.
New statements regarding what Bitfinex plans to do with this massive balance may emerge in the coming days. The exchange had previously issued bankruptcy tokens to make payments to creditors, indicating that the assets belong to it.