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Benzinga
Benzinga
Business
Shivdeep Dhaliwal

On-Chain Analysts Knew About Feds' $4.1B Bitcoin Seizure A Week In Advance, Says Ark Analyst

Ark Invest Cathie Wood Department of Justice

Even before it was announced by the Department of Justice, the recent seizure of 94,000 Bitcoin (CRYPTO: BTC) — worth nearly $4.09 billion at press time — was known to on-chain analysts, according to Cathie Wood’s Ark Invest.

What Happened: The seizure, related to the 2016 Bitfinex hack, also saw the arrest of Ilya Lichtenstein and Heather Morgan, the two are accused of the attack on the exchange and money laundering post the incident.

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