Danielle Balbi
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Photo Illustration: Chris Burnett; Photos: Razzlekhan Instagram; Razzlekhan TikTok; US District Court for DC; YouTube
In the crypto world, a lack of experience or competence isn’t always a barrier to fortune or notoriety.
Take the case of the 2016 Bitfinex hack, in which 119,754 stolen coins would eventually grow in value to $8 billion — making the heist the largest in history.
The security team hired to get to the bottom of the case had little to go on, but eventually, an Internal Revenue Service agent working from his Michigan basement had found a clue. It tied a seemingly unlikely couple to the deed — and touched off a major investigation.
The Big Take
From today's story
- $8 billion The value of the stolen Bitfinex's Bitcoins in 2021, which made the theft the most significant in history.
ICYMI:
- The crypto market has gone through several major downdrafts in its short life and may now be facing its most crushing test
- In Venezuela, pockets of free enterprise are thriving, helping spark a still-fragile economic turnaround.
- From January: The world’s biggest crypto fortune began with a friendly poker game.
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