Bitfinex has recovered 27.7 bitcoin stolen by hackers in August 2016, the company said on Monday. The coins, worth around $106,000 at the time of writing, represent only a small fraction of the total BTC stolen. U.S. federal law enforcement agencies recovered the bitcoin and returned it to the cryptocurrency exchange.

Also read: State Treasurer: Ohio Companies Now Paying Tax in BTC

Recovered BTC to Be Distributed in Cash to Customers

In 2016, Bitfinex hackers made off with 120,000 BTC, valued at about $72 million at the time, in one of the biggest ever thefts from a cryptocurrency exchange.

Bitfinex said in statement that it will return the recovered bitcoin to more than 5,000 victims of the heist in cash. The exchange, the world’s 17th largest, with trading volume of $443 million in the last 24 hours, said it…

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Source: https://news.bitcoin.com/bitfinex-recovers-106000-of-stolen-btc-with-us-government-help/