In an effort to project solvency and health, Bitfinex has released a flurry of promotional tweets lauding the financial successes of its top traders. This comes the same week that a pair of alleged Bitfinex hackers are due to appear in court, with all the attendant publicity. 

“This week the top traders in the Bitfinex Leaderboard are still at the top of their game!” posted Bitfinex on the social media platform X (formerly known as Twitter). The exchange claims trader EGAF leads with $4.4 million in unrealized profits.

Bitfinex Lost 119,754 Bitcoin in the 2016 Hack

The social media posts are laudatory. But this week, the company and its traders may remember darker times, as a reputed hacker couple appear before a Manhattan court.

Ilya Lichtenstein and Heather Morgan are due for a plea hearing on Thursday, August 3. Authorities arrested the so-called “crypto couple” in 2022 following what the DOJ called its “largest financial seizure.”

The pair are expected to plead guilty to charges regarding their alleged hacking of the Bitfinex exchange in 2016. The charges also relate to the subsequent laundering of $4.5 billion in stolen funds.

Bitfinex is currently the eighth largest crypto spot exchange by trading volume. But the hack was a blow, by any meas

Go to Source to See Full Article
Author: Josh Adams

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details