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Fintech

How the Fed cracked down on the alleged money launderers tied to Bitfinex hack

Tom Robinson, co-founder of the crypto analytics firm Elliptic Enterprises, said it is likely the government identified the couple through the AlphaBay marketplace

The US government’s $3.6bn bitcoin bust this week appears to reflect its success five years ago in disrupting some operations used by criminals to launder stolen funds.

The Justice Department said that it executed a search warrant last week and seized 94,636 bitcoins from the online wallets of two alleged money launderers, Heather Morgan, 31-years old, and her husband, Ilya Lichtenstein, 34.

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