Data Shows Bitfinex Hack Woke Up Largest Ever 5yr+ Bitcoin Supply
Bitcoin on-chain data shows the recent movement of the coins involved in the 2016 Bitfinex hack have showed up as the largest ever spike in the 5+ years old supply revival metric. Movement Of 2016 Bitfinex Hack Coins Revived The Largest 5+ Years Old Bitcoin Supply As per the latest weekly report from Glassnode, the […]
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Reporter Laura Shin shared new information related to the mythical 2016 Ethereum DAO hack. As part of a larger investigation for her new book, Shin claims a long-rumored Chainalysis tool tracked down the identity of the bad actor. Related Reading | Data Shows Bitfinex Hack Woke Up Largest Ever 5yr+ Bitcoin Supply 6 years ago, […]
VICE News and Motherboard announced a partnership that resulted in a new documentary series on crypto. Called CRYPTOLAND, the documentary series was shot across several locations around the world. Related Reading | Data Shows Bitfinex Hack Woke Up Largest Ever 5yr+ Bitcoin Supply It aims at digging further into the crypto industry and how it […]
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....
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's hack continues to cast a shadow. While the price of bitcoin had a relatively quiet month in September (one characterized by low volatility and lackluster trading), the Bitfinex hack continued to serve as a drag on the world's largest digital currency market. Arthur Hayes, CEO and co-founder of bitcoin trading platform BitMEX, noted that the sideways price movements that took place during the month were most likely a direct consequence of the Bitfinex hack. He argued that with 120,000 BTC removed from the market, the event continues to "suffocate bitcoin interest and....