Hackers keep moving stolen Bitcoins in 2016 to Bitfinex
According to Whale Alert, computer hackers continue to move part of the Bitcoins stolen in 2016 to Bitfinex. How much exactly?
Bitcoin hacks are not as common as many people might think. However, this does not eliminate the fact that some crimes of this nature have occurred in the past. As in 2016, when almost 120,000 BTC were stolen from Bitfinex. According to Whale Alert, part of those funds recently moved.
Mobilization of Bitcoins stolen from Bitfinex in 2016?
Whale Alert recently said that Bitfinex hackers are shuffling a few million dollars in BTC. What is interesting is that they are the same Bitcoins stolen during the massive attack of the Exchange Bitfinex in 2016.
As we mentioned earlier, a security breach compromised Bitfinex. The result was the theft of almost 120,000 Bitcoins. For obvious reasons, you can know that this was one of the most expensive Bitcoin hacks of all time.
Then, if we consider the amount stolen, this could be classified as one of the largest by coin count, although there have been other more prominent ones. An example of this was the Mt. Gox hack in 2014.
Specifically, nine operations were reported in which around 2,550 Bitcoins were mobilized in total. By the time they were done, they totaled roughly $ 27 million that came out of wallets related to the 2016 robbery, and ended up in unknown wallets.
Thus, the largest individual movement was approximately 476.32 BTC. However, this is not the only time we have seen the movement of funds related to this hack.
How much of this money has been moved?
In May, a small transaction of 30 BTC ($ 282,000 back then), was logged from the hacker’s address to an unknown Bitcoin address. Then the same thing happened in June.
To date, thieves have moved only 1-2% of the funds they stole from the exchange in 2016. Hodling’s strategy appears to be paying off, as the loot was only worth $ 72 million at the time. Now it’s worth over a billion.
After the first glimpse of funds moving, Bitfinex offered a reward of up to 5% for every BTC tracked. Shortly thereafter, the first customer refunds began in September 2017. After eight months, the losses managed to be covered, although a minuscule amount of the total stolen has managed to recover.
Apparently, hackers will not find it very easy to spend this amount of money. More and more exchanges around the world request proof of identity and income, and collaborate with the authorities if necessary. These funds are likely to remain frozen for several more years.
Disclaimer: This press release is for informational purposes information does not constitute investment advice or an offer to invest. The views expressed in this article are those of the author and do not necessarily represent the views of infocoin, and should not be attributed to, Infocoin.