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What will be the legal outcome in the Bitfinex 2016 hack restitution case by mid-2025?
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Resolution / Starting Odds
Case closed with restitution • 25%
Case closed without restitution • 25%
Case ongoing • 25%
Settlement reached • 25%
Court rulings or official announcements from Bitfinex or U.S. government
Story
U.S. Declares Bitfinex Sole Victim in 2016 $7.4 Billion Bitcoin Hack Restitution
Oct 9, 2024, 02:06 PM
The U.S. government has declared that Bitfinex may be the sole victim eligible for restitution of the seized Bitcoin from its 2016 hack, which remains one of the largest security breaches in crypto history. The hack resulted in the theft of approximately $7.4 billion worth of Bitcoin, significantly impacting the market and raising concerns about the security of digital asset exchanges. Bitfinex had previously provided tokens to customers to compensate for their losses. The determination that Bitfinex is the sole victim may affect restitution to these customers.
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Less than $1 billion • 25%
$1 billion to $3 billion • 25%
$3 billion to $6 billion • 25%
More than $6 billion • 25%
Additional charges against involved parties • 25%
New suspects identified • 25%
Settlement reached with Bitfinex • 25%
No significant developments • 25%
Fully recovered • 25%
Partially recovered • 25%
None recovered • 25%
Unknown status • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
1 individual charged • 25%
2 individuals charged • 25%
More than 2 individuals charged • 25%
No additional individuals charged • 25%
Convictions • 25%
Settlements • 25%
Ongoing trials • 25%
No action • 25%
None • 25%
Less than 10,000 • 25%
10,000 to 50,000 • 25%
More than 50,000 • 25%