Bitcoin’s Price Plummets as 125k Bitcoins May Have Been Stolen from Bitfinex

Bitcoin’s Price Plummets as 125k Bitcoins May Have Been Stolen from Bitfinex

Bitcoin price crashed today as bitfinex dramatically announced a “security breach” that led to the theft of an unconfirmed number of bitcoins. The biggest USD bitcoin exchange further announced a shutting down of its website and trading in ominous signs reminiscent of MT Gox. We are awaiting confirmation, but circulating rumors are suggesting that an incredible 125,000 bitcoins, valued at almost $100 million, may have been hacked. The evidence provided is days destroyed. Around mid-day today, there was a dramatic dip. If the suggested evidence is correct, this would be the largest theft in....


Related News

Bitfinex Confirms Stolen Bitcoin, Suspends Trading; Price Crashes

Prominent Hong Kong-based bitcoin exchange Bitfinex has announced that it has halted all trading on its platform while investigating a breach that has seen customers lose their funds due to theft. Bitcoin exchange Bitfinex has halted all trading on its platform, including all deposits and withdrawals. An announcement on its website has confirmed that Bitfinex users have had their bitcoins stolen, while the exchange investigates the security breach. No figures on the stolen bitcoin or the number of users impacted have been revealed yet. The statement read: We are investigating the breach to....

US Seizes 94,636 Bitcoin From 2016 Bitfinex Hack in ‘Largest Crypto Seizure t...

The U.S. Department of Justice (DOJ) has announced the seizure of 94,636 bitcoins directly linked to the 2016 hack of the cryptocurrency exchange Bitfinex. This is the DOJ’s “largest cryptocurrency seizure to date.” In addition, two people have been arrested in connection with the hack and stolen cryptocurrency. Bitfinex Hack’s Stolen Bitcoins Seized, 2 People Arrested The Department of Justice (DOJ) announced Tuesday that the U.S. government has seized stolen cryptocurrency directly linked to the 2016 hack of the cryptocurrency exchange Bitfinex. According to....

Bitfinex Reports Security Breach, Bitcoin Price Slumps

Bitfinex reports it has discovered a security breach that requires a halt to all trading on its platform. The exchange also claims that Bitcoins belonging to some of its users are stolen. The company states on its website: “We are investigating the breach to determine what happened, but we know that some of our users have had their bitcoins stolen. We are undertaking a review to determine which users have been affected by the breach. While we conduct this initial investigation and secure our environment, bitfinex.com will be taken down and the maintenance page will be left up.” Bitcoin....

$2.5B in stolen BTC from Bitfinex hack awakens

The receiving wallet address now holds more than 90,000 Bitcoin worth about $3.6 billion. A chunk of the inactive Bitcoins (BTC) stolen in the 2016 Bitfinex exchange hack has moved from the hacker’s wallets to an unknown wallet on Tuesday, as detected by blockchain analytics bot Whale Alerts.20 transactions involving the stolen Bitcoins were flagged. A sum of 64,641.29 BTC, worth almost $2.5 billion at the time of writing, was moved. This is more than half of the total amount seized by the hackers which are estimated to be around 120,000 BTC.The biggest transaction detected was around....

Bitfinex hackers move another $30M in stolen Bitcoin from 2016

The Bitfinex hackers have moved thousands of Bitcoins in 2020. Bitcoins (BTC) stolen from major cryptocurrency exchange Bitfinex back in 2016 are on the move again, as hackers shift another massive batch of funds to unknown wallets.According to data from crypto transaction tracking service Whale Alert, Bitfinex hackers moved more than $4.6 million in stolen BTC on Oct. 8. These funds were sent to unknown wallets in two separate transactions of 435 BTC and 8 BTC.But the hackers have moved far more than this amount earlier this week. According to Whale Alert, Bitfinex hackers completed seven....