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Judge says it could be ‘improper’ to order Bitfinex hack funds returned

Judge says it could be ‘improper’ to order Bitfinex hack funds returned

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Source: Coin Telegraph

Judge Kollar-Kotelly asked the US government to explain its position on forfeiture to the Bitfinex exchange by Feb. 4.

A federal court has yet to rule on a proposed motion from the US government requesting crypto forfeited from a criminal case involving the 2016 hack on Bitfinex be returned to the exchange.

In a Jan. 28 filing in the US District Court for the Southern District of New York, Judge Colleen Kollar-Kotelly asked US prosecutors to “provide clarification” on issues related to its request to return funds to Bitfinex as part of proceedings against two money launderers.

The US government seized 94,643 Bitcoin (BTC) and smaller amounts of Bitcoin Cash (BCH), Bitcoin Satoshi Vision (BSV) and Bitcoin Gold (BTG) from Ilya Lichtenstein — who also admitted to hacking the exchange — and his wife Heather Morgan, also known by her rapper alias Razzlekhan. The seizure was part of a criminal case against the pair. 

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Author: Turner Wright