Hacker from the 2016 Bitfinex Breach Transfers $21M Worth of Bitcoin to Unkno...
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....
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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....
On Wednesday, after bitcoin prices touched a new all-time high, thousands of bitcoins from the August 2, 2016, Bitfinex hack were transferred to unknown wallets. The exact count of BTC moved from the hack is not entirely clear, but one blockchain parser shows that over 12,208 BTC from the 2016 Bitfinex breach worth $754 million today was moved to various addresses. On August 2, 2016, the exchange Bitfinex was hacked for approximately 119,756 BTC, which is worth $7.5 billion using today’s exchange rates. That day, the price per bitcoin (BTC) slid 22% but the exchange managed to pay....
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....
On August 2, 2016, it has been reported that the major cryptocurrency exchange, Bitfinex, was hacked with some customers losing Bitcoin as a result. Additionally, BitGo has commented on the event. The Breach of Bitfinex. Bitfinex itself confirmed the hack in a press release earlier today, saying they have halted all trading on the platform. Additionally, all deposits to and withdrawals from Bitfinex have been temporarily stopped. The exchange does not have much information about the hack, but the press release confirmed that customers of the exchange have lost Bitcoin following the breach.....
Bitfinex has recently published an update about the ongoing investigation into the recent hacking incident. Bitfinex, the Hong Kong-based cryptocurrency platform is finally ready to share more information about the recent security breach. The digital currency platform has made preliminary findings of the investigation public in its recent update. On August 2, 2016, Bitfinex detected a security breach that resulted in the theft of 119,756 bitcoin worth over $72 million as per the bitcoin price on that day. The theft has been under investigation since then with Ledger Labs in the lead.....