Bitfinex to Hacker: Can We Have Our Bitcoin Back?
Bitfinex is seeking to strike a deal with the hacker or hackers who stole $65m in bitcoin from the exchange back in August. The latest twist in the ongoing story comes nearly three months after Bitfinex lost roughly 120,000 BTC in the breach. The exchange was offline for days before restoring service and eventually electing to pursue a novel (and controversial) way to spread the loss among users. Now, the exchange is seeking to recover the lost funds from the hacker in a bid to expedite their repayment by setting up a secure channel for communication. Representatives of Bitfinex explained....
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On Wednesday morning (ET), around 2,034 BTC ($21.6 million) from the 2016 Bitfinex hack moved into a few unknown wallets. The action was caught by the Btcparser program as five transactions with around 400 BTC each moved for the first time in four years. On August 2, 2016, the popular digital currency exchange Bitfinex was hacked for 119,756 BTC which is around $1.2 billion in bitcoin using today’s exchange rates. The hacker was able to swipe roughly 18% of what was stolen from Mt Gox a few years prior. Most of the stolen bitcoins sat idle for a little less than four years, but in....
While the hacker will find selling their BTC difficult, the transfers may be contributing to a volatile day in the markets. A tranche of long-dormant Bitcoin seized in the 2016 hack of the Bitfinex cryptocurrency exchange are on the move today, an over $620 million sum that has some market participants spooked and may be contributing to a downward slide for Bitcoin. Blockchain analytics bot Whale Alerts was the first to raise the alarm, calling attention to a series of over five dozen transactions from wallets that have largely been inactive since the 2016 hack:⚠ ⚠ ⚠ ⚠ ⚠ ⚠ ⚠ 1,241.37 #BTC....
The recovery of the stolen BTC from the 2016 Bitfinex hack was the news of the day. That story’s protagonists, though, they’re legends in the making. You can already tell that Ilya Lichtenstein and Heather Morgan will live forever in meme form. The story is so unlikely that many people in the Bitcoin community are doubtful that it happened as reported. Related Reading | Bitcoin Stolen From Bitfinex Hack Moved For The First Time In Five Years Could this tech entrepreneur and this writer/ rapper have hacked a cryptocurrency exchange? Or are they just the money launderers for a bigger....
“We would like to have the opportunity to securely communicate with you. It might be possible to reach a mutually agreeable arrangement in exchange for an enormous bug bounty (payable through a more privacy-centric and anonymous way),” writes CFO Giancarlo Devasini in Bitfinex blog post today. The Bitfinex hack on August 2 was the most recent in a long list of Bitcoin and digital currency exchanges which have fallen victims to hackers. Devasini explains that Bitfinex has dedicated an email address (“[email protected]”) and a PGP Key “to hopefully establish a secure line of....
Following the security breach that shook the Bitcoin community, the victimized digital currency exchange BitFinex yesterday revealed the damages it faced. The exchange’s communication manager Zane Tackett reported on Reddit that BitFinex has lost around 119,756 BTC (~$72 million) in the recent theft. As the law enforcers continue investigating the matter, Tackett didn’t reveal further details in the public domain. Bitfinex, meanwhile, has also roped in some of the top blockchain analytics companies to track the stolen bitcoin. The exchange hopes to identify the hackers, as well as their....