Who will get bitcoin back after arrests in Bitfinex hack? – Los Angeles Times

David Silver, a lawyer who specializes in financial and cryptocurrency-related fraud, said since the seizure was announced Tuesday he has received dozens of calls from individuals saying they lost money in the 2016 online heist and they want to get their coins back. Twitter has been whipped into a frenzy as well, with posters asking how to claim lost crypto. Justice Department officials said they plan to establish a court process for victims to reclaim the stolen digital assets, which have since surged in value.

Figuring out to whom the crypto belongs may not be simple, however. Bitfinex considers that it has made investors whole, and said in a statement Tuesday that it will “follow appropriate legal processes to establish our rights to a return of the stolen bitcoin.” If Bitfinex and users start off on a collision course, the legal battle probably would be protracted.

Source: Who will get bitcoin back after arrests in Bitfinex hack? – Los Angeles Times