<ul class="summary-list"><li>A cryptocurrency issued by <keyword id="12197160" type="UNKNOWN" weightage="60" keywordseo="bitfinex" source="Orion">Bitfinex</keyword> to recoup losses from a 2016 hack has soared after authorities recovered $3.6 billion.</li><li>The "<keyword id="13137631" type="UNKNOWN" weightage="60" keywordseo="unus-sed-leo" source="Orion">unus sed leo</keyword>" token was up 51% to $7.41 Wednesday, according to Coinmarketcap data.</li></ul>A cryptocurrency issued by the Bitfinex exchange following a major 2016 hack has soared 52% after US authorities recovered <a href="https://markets.businessinsider.com/currencies/btc-usd">bitcoin</a> worth $3.6 billion and arrested two people.The token, called "unus sed leo", was up 51% to $7.41 as of 5.45 a.m. ET on Wednesday, having earlier risen as much as 59%. Its market capitalization stood at roughly $7.2 billion, according to <a href="https://coinmarketcap.com/currencies/unus-sed-leo/">Coinmarketcap</a>.Bitfinex parent iFinex issued leo in 2019 in an effort to recoup some losses from the major 2016 hack, in which bitcoin currently valued at around $4.5 billion was stolen.iFinex <a href="https://www.bitfinex.com/wp-2019-05.pdf">said at the time</a> if the money was ever returned, it would use at least 80% of the total to buy back and then "burn" — that is, remove from existence — leo tokens within the following 18 months.Buyers flocked to the token after the US Justice Department said Tuesday it had <a href="https://markets.businessinsider.com/news/currencies/bitcoin-hack-bitfinex-crypto-justice-department-2022-2">seized over $3.6 billion of bitcoin</a> linked to the hack. It said officers arrested Ilya Lichtenstein, 34, and his wife Heather Morgan, 31, for an alleged conspiracy to launder cryptocurrency that was stolen in the attack.The couple have a strong presence on social media, where Lichtenstein also uses the nickname Dutch. Morgan is a journalist that has contributed to Forbes, and is also a rapper that <a href="https://www.theverge.com/2022/2/8/22923772/doj-irs-bitfinex-hack-bitcoin-recovery-encrypted-files-razzlekhan">goes by the alias Razzlekhan</a>.Morgan and Lichtenstein's lawyer, identified by Bloomberg as Anirudh Bansal, was not immediately available to comment when contacted via email by Insider.Read more: <a href="https://www.businessinsider.com/crypto-winter-prediction-correct-call-alt-coins-buy-hedge-fund-2022-2?r=US&amp;IR=T" target="_blank" rel="noopener noreferrer">A bitcoin bull and investing chief overseeing $1.7 billion lays out how to tackle a crypto winter that could last for at least a year — and 4 cheap projects that will thrive when the halving triggers the next bull cycle</a>Bitfinex exchange said <a href="https://www.bitfinex.com/posts/766">in a statement</a> released Tuesday that it still intends to buy back and burn the tokens, should the money be returned."Bitfinex will work with the DOJ and follow appropriate legal processes to establish our rights to a return of the stolen bitcoin," it said.Authorities had long been hunting for the missing funds, after a hacker in 2016 breached Bitfinex's defenses and stole 119,754 bitcoin in more than 2,000 unauthorized transactions. Since that date, the bitcoin has soared in value, totalling roughly $4.5 billion.Lichtenstein and Morgan were both arrested Tuesday morning in Manhattan, New York. They are charged with conspiracy to commit money laundering and conspiracy to defraud the United States, and could be facing 20 years in jail. They were later released on bail.

Bitfinex cryptocurrency linked to 2016 hack soars 51% after US recovers $3.6 billion, raising hopes that the token will be burned

<ul><li>While bitcoin and ethereum dominate the headlines, there are nearly 17,000 other <keyword id="11893898" type="UNKNOWN" weightage="60" keywordseo="crypto" source="Orion">crypto</keyword> coins.</li><li>With less liquidity and more volatility, these alternative <keyword id="11895317" type="UNKNOWN" weightage="60" keywordseo="cryptocurrencies" source="Orion">cryptocurrencies</keyword> can deliver investors massive losses or gains in a short period of time.</li><li>These were the five best performing cryptocurrencies over the past week, according to data from CoinMarketCap.</li><li><a href="https://newsletter.businessinsider.com/join/4np/10-things-opening-bell?utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_source=markets" target="_blank" rel="noopener">Sign up here for our daily newsletter, 10 Things Before the Opening Bell</a>.</li></ul><hr />Bitcoin's<a href="https://markets.businessinsider.com/news/currencies/bitcoin-price-outlook-3month-low-fed-policy-kazakhstan-hash-rate-2022-1"> bear market</a> has sucked the life out of many popular cryptocurrencies, with the total crypto market capitalization <a href="https://markets.businessinsider.com/news/currencies/bitcoin-bear-market-crypto-value-2-trillion-peak-cryptocurrency-btc-2022-1">falling from $3 trillion to about $2 trillion today.</a> But other cryptocurrencies are performing well despite the shift to a mostly risk-off environment.With more than 17,000 cryptocurrencies in existence and counting, there are more than triple the number of crypto coins than there are US exchange-listed stocks. That massive amount of supply makes it nearly impossible to keep track of all the big movers in the crypto sector outside of well known coins like <a href="https://markets.businessinsider.com/currencies/btc-usd">bitcoin</a>, <a href="https://markets.businessinsider.com/currencies/eth-usd">ether</a>, and <a href="https://markets.businessinsider.com/currencies/doge-usd">dogecoin</a>.The surge in new crypto coins came amid a massive bull market for the sector in 2021, but a 43% decline in bitcoin from its November high is challenging the space, especially in smaller coins that saw extraordinary gains last year like solana, cardano, and polkadot. With less liquidity and more volatility, these alternative cryptocurrencies can deliver investors huge losses or gains in a short period of time. Shiba inu is down 65% from its recent high, but is still <a href="https://markets.businessinsider.com/news/currencies/crypto-investor-turned-8000-into-5-billion-buying-shiba-inu-2021-10">up big</a> over the past year. Meanwhile, <a href="https://markets.businessinsider.com/news/currencies/the-squid-game-token-scam-website-socials-offline-coingecko-crypto-2021-11">squid game token fell 99%</a> in a single day after delivering swift gains of 75,000%.Keeping an eye on the weekly winners can help investors identify which coins are beginning to see increased traction in the crypto community.These were the five best performing cryptocurrencies with a market value of more than $1 billion over the past week, according to <a href="https://coinmarketcap.com/">data from CoinMarketCap.</a>5. Convex FinanceSymbol: CVX Market Value: $1.4 billion 7-Day Performance: 20.8%<div type="image" title="Convex prices" height="495" width="937" msid="89352837" hostid="261"></div>4. MakerSymbol: MKR Market Value: $2.2 billion 7-Day Performance: 25.9%<div type="image" title="Maker price" height="497" width="943" msid="89352840" hostid="261"></div>3. TezosSymbol: XTZ Market Value: $3.4 billion 7-Day Performance: 31.5%<div type="image" title="Tezos chart" height="494" width="941" msid="89352843" hostid="261"></div>2. UNUS SED LEOSymbol: LEO Market Value: $4.7 billion 7-Day Performance: 44.3%<div type="image" title="Leo price" height="497" width="940" msid="89352846" hostid="261"></div>1. QuantSymbol: QNT Market Value: $1.7 billion 7-Day Performance: 46.1%<div type="image" title="Quant" height="496" width="936" msid="89352848" hostid="261"></div>

These were the 5 best performing cryptos over the past week despite bitcoin bear market

<ul><li>Amid an ongoing bear market in bitcoin, <keyword id="11961769" type="UNKNOWN" weightage="60" keywordseo="altcoins" source="Orion">altcoins</keyword> have been whiplashed so far in 2022.</li><li>With less liquidity and more volatility, alternative <keyword id="11895317" type="UNKNOWN" weightage="60" keywordseo="cryptocurrencies" source="Orion">cryptocurrencies</keyword> can deliver investors massive losses or gains in a short period of time.</li><li>These are the eight best performing altcoins year-to-date, according to data from CoinMarketCap.</li></ul><hr />Bitcoin's<a href="https://markets.businessinsider.com/news/currencies/bitcoin-price-outlook-3month-low-fed-policy-kazakhstan-hash-rate-2022-1?utm_medium=ingest&amp;utm_source=markets"> bear market</a> has sucked the life out of many popular <keyword id="11893898" type="UNKNOWN" weightage="60" keywordseo="crypto" source="Orion">crypto</keyword>currencies, with the total crypto market capitalization falling from $3 trillion to just over $2 trillion today. But some crypto coins are bucking the downtrend and moving higher. With over 18,000 cryptocurrencies in existence and counting, there are more than triple the number of crypto coins than there are US exchange-listed stocks. That massive amount of supply makes it nearly impossible to keep track of all the big movers in the crypto sector outside of well known coins like <a href="https://markets.businessinsider.com/currencies/btc-usd?utm_medium=ingest&amp;utm_source=markets">bitcoin</a>, <a href="https://markets.businessinsider.com/currencies/eth-usd?utm_medium=ingest&amp;utm_source=markets">ether</a>, and <a href="https://markets.businessinsider.com/currencies/doge-usd?utm_medium=ingest&amp;utm_source=markets">dogecoin</a>.The surge in new crypto coins came amid a massive <a href="https://www.businessinsider.com/what-is-a-bull-market?utm_medium=ingest&amp;utm_source=markets">bull market</a> for the sector in 2021, but <a href="https://markets.businessinsider.com/news/currencies/bitcoin-price-outlook-downside-key-support-fails-technicals-katie-stockton-2022-1?utm_medium=ingest&amp;utm_source=markets">a more than 40% decline in bitcoin</a> from its November high is challenging the space, especially in smaller coins that saw extraordinary gains last year like solana, cardano, and polkadot. With less <a href="https://www.businessinsider.com/what-is-liquidity?utm_medium=ingest&amp;utm_source=markets">liquidity</a> and more <a href="https://www.businessinsider.com/what-is-volatility?utm_medium=ingest&amp;utm_source=markets">volatility</a>, these alternative cryptocurrencies can deliver investors massive losses or gains in a short period of time. Shiba inu is down 65% from its recent high, but is still <a href="https://markets.businessinsider.com/news/currencies/crypto-investor-turned-8000-into-5-billion-buying-shiba-inu-2021-10?utm_medium=ingest&amp;utm_source=markets">up big</a> over the past year. Meanwhile, <a href="https://markets.businessinsider.com/news/currencies/the-squid-game-token-scam-website-socials-offline-coingecko-crypto-2021-11?utm_medium=ingest&amp;utm_source=markets">squid game token fell 99%</a> in a single day after delivering swift gains of 75,000%.Keeping an eye on the winners and losers in the altcoin space can help investors identify which coins are beginning to gain and lose traction within the crypto community.These are the eight best performing altcoins with a market value of more than $1 billion year-to-date, according to <a href="https://coinmarketcap.com/">data from CoinMarketCap.</a>8. TerraSymbol: LUNA Market Value: $33.8 billion Year-To-Date Performance: 4.0%<div type="image" title="Terra" height="500" width="942" msid="90501642" hostid="261"></div>7. XRPSymbol: XRP Market Value: $43.2 billion Year-To-Date Performance: 5.6%<div type="image" title="XRP Chart" height="500" width="946" msid="90501644" hostid="261"></div>6. FTX TokenSymbol: FTT Market Value: $7.2 billion Year-To-Date Performance: 30.7%<div type="image" title="FTX Token" height="494" width="942" msid="90501646" hostid="261"></div>5. Ethereum ClassicSymbol: ETC Market Value: $6.4 billion Year-To-Date Performance: 37.5%<div type="image" title="ETC" height="498" width="941" msid="90501648" hostid="261"></div>4. ZcashSymbol: ZEC Market Value: $2.9 billion Year-To-Date Performance: 37.6%<div type="image" title="ZCash" height="497" width="939" msid="90501651" hostid="261"></div>3. THORChainSymbol: RUNE Market Value: $3.5 billion Year-To-Date Performance: 43.6%<div type="image" title="THORChain" height="495" width="938" msid="90501654" hostid="261"></div>2. UNUS SED LEOSymbol: LEO Market Value: $5.8 billion Year-To-Date Performance: 60.9%<div type="image" title="Unus chart" height="504" width="946" msid="90501658" hostid="261"></div>1. WavesSymbol: WAVES Market Value: $3.7 billion Year-To-Date Performance: 125.5%<div type="image" title="Waves Chart" height="499" width="945" msid="90501661" hostid="261"></div>

These are the only 8 major altcoins to see gains this year amid a crypto bear market

<ul><li>While <keyword id="11893902" type="UNKNOWN" weightage="60" keywordseo="bitcoin" source="Orion">bitcoin</keyword> and <keyword id="11896271" type="UNKNOWN" weightage="60" keywordseo="ether" source="Orion">ether</keyword> dominate the headlines, there are more than 15,000 other <keyword id="11893898" type="UNKNOWN" weightage="60" keywordseo="crypto" source="Orion">crypto</keyword> coins.</li><li>With less liquidity and more volatility, these alternative <keyword id="11895317" type="UNKNOWN" weightage="60" keywordseo="cryptocurrencies" source="Orion">cryptocurrencies</keyword> can deliver investors massive losses or gains in a short period of time.</li><li>These are the five best performing cryptocurrencies over the past week, according to data from CoinMarketCap.</li></ul><hr />Bitcoin's ongoing bear market has sucked the life out of many popular cryptocurrencies, with the total crypto market capitalization falling from $3 trillion to $2.2 trillion over the past month. But other cryptocurrencies are performing just fine despite the shift to risk-off.With 15,498 cryptocurrencies in existence and counting, there are more than triple the number of crypto coins than there are US exchange-listed stocks. That large amount makes it nearly impossible to keep track of all the big movers in the crypto sector outside of well known coins like <a href="https://markets.businessinsider.com/currencies/btc-usd">bitcoin</a>, <a href="https://markets.businessinsider.com/currencies/eth-usd">ether</a>, and <a href="https://markets.businessinsider.com/currencies/doge-usd">dogecoin</a>.The surge in new crypto coins has come amid a massive bull market for the space in 2021, with a recent rally in bitcoin helping catapult the sector <a href="https://markets.businessinsider.com/news/currencies/ether-price-bitcoin-record-crypto-market-cap-cameron-tyler-winklevoss-2021-11">to a near-$3 trillion market valuation.</a> But the rise is also being driven by smaller coins that have seen extraordinary surges this year, including solana, cardano, and shiba inu. With less liquidity and more volatility, these alternative cryptocurrencies can deliver investors massive losses or gains in a short period of time. Shiba inu is down about 40% from its recent high, despite <a href="https://markets.businessinsider.com/news/currencies/crypto-investor-turned-8000-into-5-billion-buying-shiba-inu-2021-10">being up millions of percentage points</a> year-to-date. Meanwhile, <a href="https://markets.businessinsider.com/news/currencies/the-squid-game-token-scam-website-socials-offline-coingecko-crypto-2021-11">squid game token fell 99%</a> in a single day after delivering swift gains of 75,000%.Keeping an eye on the weekly winners can help investors identify which coins are beginning to see increased traction in the crypto community.These are the five best performing cryptocurrencies with a market value of more than $1 billion over the past week <a href="https://markets.businessinsider.com/news/currencies/bitcoin-price-technical-outlook-btc-58000-support-crypto-katie-stockton-2021-11">despite a decline in bitcoin and ether</a>, according to <a href="https://coinmarketcap.com/">data from CoinMarketCap.</a>5. CelsiusSymbol: CEL Market Value: $1.0 billion 7-Day Performance: 1.9%<div type="image" title="Celsius price chart" height="497" width="943" msid="88213686" hostid="261"></div>4. UNUS SED LEOSymbol: LEO Market Value: $3.5 billion 7-Day Performance: 3.4%<div type="image" title="UNUS SED LEO price chart" height="491" width="940" msid="88213687" hostid="261"></div>3. Huobi TokenSymbol: HT Market Value: $1.6 billion 7-Day Performance: 4.5%<div type="image" title="Huobi price chart" height="497" width="941" msid="88213688" hostid="261"></div>2. BitTorrentSymbol: BTT Market Value: $3.2 billion 7-Day Performance: 4.6%<div type="image" title="BitTorrent price chart" height="496" width="942" msid="88213689" hostid="261"></div>1. NEAR ProtocolSymbol: NEAR Market Value: $5.4 billion 7-Day Performance: 7.0%<div type="image" title="NEAR Protocol price chart" height="498" width="943" msid="88213690" hostid="261"></div>

You Searched For "unus sed leo" and got 4 results

Bitfinex cryptocurrency linked to 2016 hack soars 51% after US recovers $3.6 billion, raising hopes that the token will be burned

Harry Robertson

These were the 5 best performing cryptos over the past week despite bitcoin bear market

Matthew Fox

These are the only 8 major altcoins to see gains this year amid a crypto bear market

Matthew Fox

Amid bitcoin bear market, these are the 5 best performing cryptocurrencies over the past week

Matthew Fox