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On Tuesday, the US government seized $3.6 billion in bitcoin from the 2016 Bitfinex hack and arrested two individuals, Ilya Lichtenstein and Heather Morgan, on charges of money laundering. Tom Robinson, cofounder and chief scientist at the blockchain analytics firm Elliptic, breaks down how law enforcement was able to seize the BTC, what techniques the alleged money launderers used to avoid capture, and who could have pulled off the initial hack. Show highlights:\n background on the 2016 Bitfinex hack who was arrested this week and why\xa0 how the US government gained access to the private keys in Lichtenstein\u2019s and Morgan\u2019s control why AlphaBay, a now-defunct darknet website, was crucial to law enforcement\u2019s effort to track down the stolen Bitfinex funds what money laundering techniques were used to cash out the stolen Bitfinex funds before this week\u2019s arrests whether, as blockchain analytics technology advances, it will always catch up to be able to trace the movements of crypto as its laundered\xa0 why using Monero, a privacy coin, to cash out stolen funds is a red flag why Tom does not think the two individuals arrested this week for money laundering the stolen Bitfinex funds were the original hackers\n Become a Premium Bulletin Subscriber! Become a premium subscriber to my Bulletin newsletter, and you\u2019ll get access\xa0 to:\n \xa0a premium-only Discord group \xa0\xa0premium-only interviews \xa0\xa0the opportunity to ask questions \ufe0f\xa0 the chance to weigh in on guests for Unchained and\xa0 whatever other future offerings we add to the mix The special launch price until February 14 $2.99/mo or $29.99/year. Starting on February 15, the price increases to $4.99/mo or $49.99/year.\n Join now!\n Get a Signed Book Plate! Many of you have asked me how you can get a signed copy of the book. Here\u2019s how:\n Pre-order the book, which you can do at bit.ly/cryptopians. Make a social media post about the book that includes the pre-order link, bit.ly/cryptoptians or to the book on any bookseller of your choice. Send a copy of your receipt to hello@unchainedpodcast.com with the subject line, \u201csigned book plate.\u201d In the email, include a pdf of your receipt + a screenshot of or a link to your social media post + the address to which you\u2019d like me to send the book plate + the nameof who you\u2019d like me to dedicate the book plate to. If you show a pre-order receipt that shows you bought more than one format of the book, such as an audiobook and a hardcover, you can get two signed book plates.\n Finally, if you sign up for the Bulletin premium subscription plus do all the above to get a signed book plate, you\u2019ll also receive a POAP.\n Thank you to our sponsors!\n Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021\xa0\n Episode Links\n Tom Robinson\n LinkedIn: https://www.linkedin.com/in/tomarobinson?originalSubdomain=uk\xa0 Twitter: https://twitter.com/tomrobin\xa0\n Information on the Bitfinex hack + arrest:\n DOJ Information: https://www.justice.gov/opa/pr/two-arrested-alleged-conspiracy-launder-45-billion-stolen-cryptocurrency\xa0 https://www.justice.gov/opa/press-release/file/1470211/download\xa0 Elliptic Coverage: https://www.elliptic.co/blog/elliptic-analysis-new-york-husband-and-wife-arrested-for-laundering-5-billion-in-bitcoin-stolen-from-bitfinex-in-2016\xa0 Unchained Coverage: https://unchainedpodcast.com/feds-seize-3-6-billion-in-btc-connected-to-bitfinex-hack/ CoinDesk coverage https://www.coindesk.com/policy/2022/02/08/us-officials-seize-bitcoin-from-2016-bitfinex-hack/\xa0 Decrypt: https://decrypt.co/92529/bitfinex-billion-bitcoin-who-keeps-it\xa0 The Defiant: https://thedefiant.io/bitfinex-leo-surge/ Bitfinex statement:\xa0 https://www.bitfinex.com/posts/766\xa0\nLearn more about your ad choices. Visit megaphone.fm/adchoices