Smithsonian Showcases MacBook That Traced Record $3.6 Billion Bitfinex Bitcoin Heist

November 19, 2024
Smithsonian Showcases MacBook That Traced Record $3.6 Billion Bitfinex Bitcoin Heist
  • A MacBook Pro used by the IRS to trace $3.6 billion in stolen Bitcoin from the Bitfinex exchange has been added to the Smithsonian's National Numismatic Collection.

  • The laptop's inclusion in the collection was prompted by Magistrate Judge Zia Faruqui, who recognized its historical significance in the Bitfinex case.

  • Ilya Lichtenstein and Heather Morgan, dubbed Bitcoin's Bonnie and Clyde, stole nearly 120,000 Bitcoin from Bitfinex in 2016, which was valued at approximately $70 million at the time.

  • Following their arrest in 2022, Lichtenstein was sentenced to five years in prison, while Morgan received an 18-month sentence for laundering the stolen funds.

  • This financial seizure is recognized by the Department of Justice as the largest in U.S. history.

  • The case illustrates the evolving understanding of cryptocurrency, challenging the perception of Bitcoin's anonymity and highlighting its traceability.

  • Ellen Feingold, curator of the National Numismatic Collection, emphasized that while cryptocurrency can facilitate anonymous transactions, it does not shield criminal activity.

  • The laptop symbolizes a shift in public perception from viewing cryptocurrency as entirely anonymous to recognizing its pseudo-anonymous nature, especially in criminal investigations.

  • Feingold noted that the case is significant not only for the amount of cryptocurrency seized but also for the successful apprehension of the perpetrators.

  • The laptop will be displayed in the Smithsonian's 'The Value of Money' gallery, which aims to document the evolution of monetary systems.

  • Curator Jaclyn Nash discussed the challenges of collecting physical artifacts related to digital currency, underscoring the importance of documenting contemporary monetary developments.

  • The collection also includes a Bitcoin magazine, physical Bitcoin tokens, and Bitcoin-themed jewelry, reflecting the need for more artifacts related to cryptocurrency.

Summary based on 4 sources


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