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Can Bitfinex Recover Its Stolen Crypto ? The Court Will Decide

Legal decisions concerning cryptocurrencies play a key role in the evolution of sector regulation. Indeed, when it comes to stolen funds, the question becomes even more sensitive, as it pits the principle of confiscation against that of restitution to victims. The case of the Bitfinex hack in 2016, one of the largest bitcoin thefts in history, crystallizes these tensions. After the seizure of 94,643 BTC by U.S. authorities, the judiciary questions the appropriateness of returning them to Bitfinex. Such a decision could create a major legal precedent that would influence the future handling of cryptocurrencies seized by the courts.