Back

US Government Moves $12.75M in Seized Crypto Linked to FTX and Bitfinex Hack

Arkham reports that US authorities transferred $7.5M in seized crypto within 24 hours, tied to Alameda Research and the Bitfinex hack cases.

TRX
WETH
NEXO

Summary

The US government transferred $7.5 million in seized cryptocurrency within 24 hours, according to Arkham, including $300,000 NEXO, $3 million WETH, and $4.2 million TRX. NEXO and TRX were confiscated from Alameda Research two years ago, while the WETH came from Bitfinex hacker Ilya Lichtenstein between 2022 and 2024. This movement follows previous transactions totaling $12.75 million in assets linked to FTX and the Bitfinex hack.

Terms & Concepts
  • Seized Assets: Digital assets confiscated by authorities from individuals or entities involved in illegal activities.
  • Bitfinex Hack: A 2016 security breach on the Bitfinex exchange resulting in the theft of approximately 120,000 Bitcoin.
  • Wrapped Ethereum (WETH): A tokenized version of Ethereum that conforms to the ERC-20 standard, enabling compatibility with decentralized applications.