Summary
TLDR: The US government transferred $1 billion from the Bitfinex hack, with hacker Ilya Lichtenstein cooperating as a witness. He used a crypto mixer to launder stolen funds and is now revealing details of the heist. The government is cracking down on crypto mixers, proposing regulations similar to those for foreign banks.
Key Points
1. The United States government transferred approximately $1 billion in funds seized from the Bitfinex hack, totaling $4.5 billion in the 2016 breach.
2. Hacker Ilya Lichtenstein is cooperating as a witness in the case, providing details on how he executed the attack and utilized a crypto mixer for the hack.
3. The US government is cracking down on crypto mixers, with recent sanctions against individuals involved in aiding hackers to launder stolen funds and proposed legislation to regulate crypto mixers like foreign banks.