Crypto NewsAnalysisBitcoin (BTC) Statement from the US Government!

Bitcoin (BTC) Statement from the US Government!

The US government said that the Bitcoins confiscated in the 2016 Bitfinex hack should be returned to Bitfinex in kind.

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The US government said that the Bitcoins confiscated in the Bitfinex hack in 2016 should be returned to Bitfinex in kind, that is, as BTC, as the sole victim.

“….

For the reasons listed above, there is no victim in this case.

However, the Court has the authority to order voluntary compensation pursuant to defendants' plea agreements.

Such voluntary compensation must include all assets seized from the Bitfinex Hack Wallet, and pursuant to the plea agreements, such assets must be returned to Bitfinex as compensation in kind.”

*This is not investment advice.

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