A large chunk of bitcoin stolen from the infamous 2016 Bitfinex hack was moved by hackers to an unknown wallet earlier today.
Bitfinex 2016 hacked fund is underway
According to data from live cryptocurrency trading monitor Whale Alert, the hackers moved more than 64,000 BTC in 21 separate transactions.
first transfer 1 BTC. belonged to, a price of $38,750 at the time, probably as a test transaction. After this the hackers later transferred different amounts.
biggest detected The transaction was 10,000 BTC, sent a total of six times, while smallest One was 0.29 BTC.
The criminal transferred a total of 64,643.29 BTC, worth $2.47 billion. The address to which these bitcoins were sent currently holds a total of 94,643.29 BTC, which is approximately $3.6 billion.
Biggest bitcoin hack in history
The Bitfinex hack is considered to be one of the biggest crypto hacks ever. The cryptocurrency exchange lost a total of 119,756 BTC in a security breach on August 2, 2016.
Bitfinex normalized the losses across all users’ accounts at the time and compensated affected customers with one BFX token per dollar lost. These tokens can be exchanged for either dollars or company shares.
The hackers waited three years before transferring the stolen funds. Later in June 2020, he transferred another 416 BTC worth around $4 million at the time.
The attackers last moved stolen funds during the April 2021 bull run, causing over $700 million in assets to be transferred to an unknown wallet address.
Earlier today the number of bitcoins transferred by hackers accounted for more than 50% of the estimated 119,756 BTC stolen from Bitfinex in 2016.
cashing out
It will be extremely difficult for hackers to cash in on some of the top crypto exchanges as most of the bitcoins linked to the attack are currently tracked and blacklisted.
Some market watchers speculate that unknown criminals are currently looking to manipulate the market by moving such huge amounts of bitcoin. Earlier today, bitcoin briefly surpassed $39,000, before retracing $1,000 for the first time in ten days. Now, however, the asset is once again close to the above level.
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