Bitfinex | ForkLog

ForkLog 18 25.02.2025

Bitfinex Analysts Label Bitcoin’s Current Correction as ‘Critical’

Experts from the Bitfinex exchange stated that the drop in Bitcoin’s price below $91,000 marks a “critical moment” amid a three-month consolidation. On February 25, the price of the digital asset briefly fell to $88,200.

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ForkLog 6 06.02.2025

Trade Wars Enhance Bitcoin’s Appeal, Say Experts

Bitcoin gains allure amid US-initiated trade wars. Analysts foresee potential market shock from Trump’s actions but are confident of reaching ATH in the “coming weeks.” Bitcoin acts as a check on unscrupulous governments, with a strong correlation between economic instability and cryptocurrency growth. So stated James Butterfill, head of research at CoinShares, as reported by […]

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ForkLog 18 16.01.2025

US authorities to return 94,643 BTC stolen from Bitfinex

US prosecutors have asked a court for permission to return to Bitfinex almost 80% of the 119,754 BTC stolen in the 2016 hack, according to a request. If approved, authorities will transfer 94,643 BTC to the platform, seized from hacker Ilya Lichtenstein’s wallet, in kind. The move also covers corresponding amounts in Bitcoin Cash, Bitcoin […]

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ForkLog 75 09.01.2025

Bitfinex relocates its derivatives trading service to El Salvador

Bitfinex’s crypto-derivatives trading will now be provided by a company registered and licensed in El Salvador. ? Bitfinex Derivatives has been awarded a Digital Asset Service Provider licence in ?? El Salvador — a monumental step in our global expansion. The new licence supports El Salvador as a key digital asset financial centre.Discover more:https://t.co/vPGO01clhp pic.twitter.com/79hdbBHONX […]

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ForkLog 12 20.12.2024

Ilya Lichtenstein Admits Sole Responsibility for Bitfinex Hack

Convicted in the Bitfinex hack case, Ilya Lichtenstein claimed he executed the cyberattack on the cryptocurrency exchange alone, without the involvement of his family or other accomplices. I have something to say#FreeRazzlekhan pic.twitter.com/9HIvOxcbgr — Ilya Lichtenstein (@unrealdutch) December 19, 2024 “I planned and executed the Bitfinex heist entirely by myself. I bear full responsibility for […]

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ForkLog 9 17.12.2024

Bitfinex Predicts Bitcoin Reaching $200,000 by 2025

The bitcoin bull market is expected to peak in the third to fourth quarters of 2025, with a target price of $200,000 under favourable conditions, according to Bitfinex analysts. As 2024 wraps up, our last Bitfinex Alpha looks forward to 2025 ? We see $BTC continuing to climb but there will be volatility along the […]

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ForkLog 5 10.12.2024

Expert Predicts Sustained Bitcoin Buying on Dips

Amid ongoing volatility, the strategy of buying on dips will remain relevant “far longer than everyone expects,” according to Daniel Cheung, co-founder of Syncracy Capital. Market participant psychology has drastically shifted in crypto this cycle. In prior cycles, participants largely engaged in a HODL and buy the dip mentality. This cycle, participants are mostly in […]

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ForkLog 8 03.12.2024

Bitfinex Predicts Bitcoin Surge Beyond $100,000 by Year-End

Bitcoin concluded November with a 37.3% increase and is poised to reach six-figure levels in December due to favourable seasonality, according to Bitfinex. Analysts’ calculations show that historically, in halving years, the asset appreciated by an average of 38.9% in this month. Data: Bitfinex. Experts cautioned that the growth will be volatile, linked to profit-taking […]

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ForkLog 10 19.11.2024

Heather Morgan Sentenced to 18 Months for Bitfinex Hack Involvement

A US federal court has sentenced Heather Morgan to 18 months in prison for her role in laundering 119,754 BTC stolen from the Bitfinex exchange in 2016, reports CoinDesk. Her husband, Ilya Lichtenstein, who orchestrated the attack, received a five-year sentence on November 14. The couple was arrested in February 2022, when authorities seized 94,643 […]

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ForkLog 8 15.11.2024

Bitfinex Hacker Sentenced to Five Years in Prison

On November 14, a U.S. court sentenced Ilya Lichtenstein to five years in prison for laundering money obtained from the 2016 Bitfinex exchange hack. Lichtenstein and his wife, Heather Morgan, were arrested in February 2022 on suspicion of involvement in the attack on the exchange. At that time, authorities seized 94,643 BTC (approximately $3.6 billion […]

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ForkLog 7 17.10.2024

US Authorities Seek Five-Year Sentence for Bitfinex Hacker

US prosecutors have requested a 60-month prison sentence for Ilya Lichtenstein, who hacked the Bitfinex cryptocurrency exchange for 119,754 BTC in 2016 and laundered the stolen assets. The recommended sentencing guidelines for the charges range from 121 to 151 months. Authorities justified the reduced sentence by citing the defendant’s cooperation in investigations beyond his own […]

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ForkLog 4 11.10.2024

US Prosecutors Seek 18-Month Sentence for Bitfinex Hack Accomplice

US prosecutors have requested an 18-month prison sentence for Heather Morgan for her role in laundering 119,754 BTC stolen from the Bitfinex exchange in 2016. In 2022, law enforcement arrested the couple involved in the hack—34-year-old Ilya Lichtenstein and 31-year-old Morgan. They seized over 94,000 BTC valued at $3.6 billion at the time. The couple […]

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