Who stole the bitcoin?

In fact, when you look at the number of crypto transactions that occur each day and how many of them are fraudulent, crypto crime is actually falling as a proportion of crypto activity overall . Of 15.8 trillion in total transactions in 2021, just 0.15% were illicit.

While cryptocurrencies have a reputation for being anonymous, all transactions are recorded on a permanent, public ledger. Criminals launder money to prevent authorities from tracing the source of illicit funds . However, if they make one mistake along the way, their entire scheme can be undone.

Follow our live coverage of the crypto market But the main cause of the slump appears to be a plunge in the stock market amid concerns of a potential hike in interest rates by the US Federal Reserve .

According to court documents, Lichtenstein and Morgan allegedly conspired to launder the proceeds of 119,754 bitcoin that were stolen from Bitfinex’s platform after a hacker breached Bitfinex’s systems and initiated more than 2,000 unauthorized transactions.8 Şub 2022