Coincidence or Conspiracy? A Comparison of Mt. Gox and Bitfinex
One of the biggest problems facing Bitcoin is people’s lack of trust. Despite the security of the blockchain, many continue to believe that Bitcoin is unsafe, attracting criminals and breeding fraud. Gox and Bitfinex: Coincidence, or Signs of Conspiracy? The recent Bitfinex hack has done little to change this attitude. In fact, when one looks at the attack, it’s easy to notice similarities between these events and the circumstances surrounding Mt. Gox, the largest bitcoin theft in history (Bitfinex stands as the second largest). This stirs up an eerie feeling, to say the least, and a big....
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Zane Tackett, the community director and product manager at Bitfinex, has officially announced his resignation from the exchange. Tackett reveals his leaving is due to the significant amount of rumors concerning the Bitfinex hack this past August. ‘Insane Conspiracy Theories, Vile People, Incessant Vitriol’. On August 2 Bitfinex was hacked for 119,756....
The repetitive phenomenon of the fall in price of Bitcoin, coinciding with the meetings between the miners of the cryptocurrency and its core developers, has attracted concern within the industry. The recent drop in price may have been influenced by certain other factors away from the meeting. However, ruling out the impact from the meeting could mean ignoring a pattern which is seen to have developed over time. As the analysis of the possible causes of the recent loss in value of the cryptocurrency continues, considering both technical and fundamental factors and projecting the future of....
Bitfinex has offered a reward for the return, or info leading to the return, of the Bitcoin stolen in the recent hack. Reddit user someguy916 posted in the /r/Bitcoin subreddit inquiring as to how much of a reward Bitfinex would be willing to offer for the stolen coins. Zane Tackett, Director of Community and Product development, responded with an offer for a small percentage: “5% of recovery and for information leading to recovery (but no bounty if no recovery); if multiple persons lead to recovery, share pro rata” When pressed to get that offer into a blockchain contract, Tackett....
On Tuesday, the U.S. Department of Justice (DOJ) arrested two individuals that are accused of an “alleged conspiracy to launder” 94,636 bitcoins stolen from Bitfinex in 2016. Interestingly, both of the suspects are known individuals within the tech industry as Ilya Lichtenstein was the co-founder of Mixrank, a Y-Combinator backed startup and Heather Morgan was a writer for Forbes.
The Myriad of Mysterious Bitcoin Transfers From the 2016 Bitfinex Hack
The U.S. government announced the “largest cryptocurrency seizure to date” after the DOJ seized 94,636....
Bitfinex has alerted of phishing emails being circulated from an address that is made to appear to be one of its email addresses. The distressed company notes in a blog post on its website that the email is not from any @bitfinex.com address but from @ibitfinex.com, stressing the additional i. Bitfinex states: We like to stress this is not a message sent out by Bitfinex and we advise anyone that has received this email or any similar email to delete it immediately. Do not open the attachments and if you have opened the attachments do a full virus scan of your computer. It added that any....