Over the Hedge: Three Books on Private Equity’s Highs and Lows

Books on current business or economic events that aim for a popular audience usually gravitate toward a now-standard strategy. The “Barbarians at the Gate” technique—inspired by Bryan Burrough and John Helyar’s 1989 book chronicling the takeover of RJR Nabisco by leveraged buyout firm Kohlberg Kravis Roberts & Co.—serves up a fast-paced, moment-by-moment account of a … Read more

Justice Department Says It Seized $ 3.6 Billion Worth of Bitcoin Stolen in 2016 Hack

WASHINGTON — The Justice Department said Tuesday it seized over $ 3.6 billion worth of digital currency stolen during a hack of a cryptocurrency exchange and arrested two suspects for allegedly trying to launder the proceeds. The value of the cryptocurrency at the time it was seized last week marks the largest financial seizure ever … Read more

Bitfinex hack: US authorities arrest a New York couple and seize $ 3.6 billion in stolen cryptocurrency

Ilya Lichtenstein, 34, and his wife, Heather Morgan, 31, are accused of trying to launder money taken in a huge hack of cryptocurrency exchange Bitfinex in 2016. The arrests and money seizure mark a win for US law enforcement amid a slew of heists from cryptocurrency platforms. Hackers have in recent years made off with … Read more