The DOJ cracking the Bitfinex Bitcoin case ended up being a boon to Leo token (LEO) as it reached an all-time high and dominated the Crypto Bubbles website. The U.S Department of Justice (DOJ) tracked down the Bitfinex Bitcoin hackers after they made away with $72 million worth of BTC in 2016. The total stolen amount is now worth a whopping $5.1 billion.
The hackers, a couple named Ilya Lichtenstein and Heather Morgan remained undercover for five years until their crimes were uncovered. The scammer-duo mostly splurged the illegal money on gold and NFTs and still managed to stay under the radar. They were caught after they tried to move 25,000 BTC which was tracked by the DOJ.
“In a futile effort to maintain digital anonymity, the defendants laundered stolen funds through a labyrinth of cryptocurrency transactions. Thanks to the meticulous work of law enforcement, the department once again showed how it can and will follow the money, no matter what form it takes,” said Deputy Attorney General Lisa O. Monaco.
How Did Leo Token Benefit From the Bitfinex Bitcoin Hack?
The news about DOJ solving the Bitfinex Bitcoin hack made headlines giving way for Leo token to take center stage. For the uninitiated, the Leo token is the main utility token intended to be used on the Bitfinex trading platform.
Leo token strengthens the Bitfinex community and also optimizes the platform’s operations. In other words, LEO is at the heart of the Bitfinex ecosystem and optimizes all transactions taking place in it.
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Investments poured in LEO tokens after DOJ cracked the case. LEO also reached an all-time high of $8.14 on February 8, 2022, with a market cap of $5.8 billion. The token is also up +8% today and its weekly and monthly charts remain in the green. However, LEO is down -23.3% from its ATH.
The token displays bullish sentiments as it’s up +29.7% since the last 7-trading days and up +68.3% in 14-days. For a month, LEO is up +65.7% giving significant returns on investment to investors. Moreover, LEO is available only on a few exchange platforms including FTX, OKEx, and their own Bitfinex.
At press time, Leo token was trading at $6.25 and is up +6.8% in the 24-hours day trade. The token is also up +325.4% since the last 365-trading days.