Millions of Indian users were transacting with offshore crypto exchanges to evade taxes. This hurt not just the service providers who were complying with the law, but also resulted in revenue losses for the government
Titled "Don't Trust...Verify," the documentary shows the journey of Bitfinex CTO and Tether CEO Paolo Ardoino to El Salvador, where he collaborated with community leaders, government officials and
Following this major legal victory, Bitfinex and Tether reasserted that they are committed to protecting and upholding users' interests as well as those of the community.
In total, the couple admitted to laundering conspiracies arising from the theft of approximately 120,000 bitcoin from Bitfinex, a global cryptocurrency exchange.
The bitcoin was worth $71 million at the time, but had appreciated to more than $4.5 billion by the time of their arrests.Deputy Attorney General Lisa Monaco said at the time that the $3.6 billion in assets that prosecutors recovered from the couple was the biggest financial seizure in U.S. Department of Justice history
The pair was accused of conspiring to launder more than 100,000 bitcoin that was stolen, after a hacker attacked Bitfinex and initiated more than 2,0000 unauthorized transactions.
"We look forward to recovering as much of the stolen bitcoin as we possibly can and redistributing that to holders of the tokens that were issued in response to the hack in 2016," Bitfinex CTO Paolo