A New York City couple admitted guilt to money laundering charges. This relates to the 2016 Bitfinex crypto exchange hack. They acknowledged laundering over $3.6 billion in bitcoin stolen in the hack. Bitfinex remains one of the largest crypto exchange hacks ever. Their admission implies a crucial role in concealing the source of the stolen funds. They did this by transferring bitcoin to hide its criminal origins. The case highlights how cryptocurrencies enable large-scale laundering of hacked funds. Their guilty plea means they now face potential prison time. This is for their role in laundering the Bitfinex hack proceeds.
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