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Whale Alert: $27M From 2016 Bitfinex Hack Is on the Move


www.coindesk.com 28 July 2020 00:00, UTC
Reading time: ~1 m

Whale Alert said on Monday that Bitfinex hackers are shuffling around millions of dollars in bitcoin stolen during the massive Bitfinex exchange hack in 2016.

  • The market-tracking and market-moving Twitter account documented nine transactions on Monday that saw about 2,550 total bitcoin (~$27 million) move from wallets associated with the 2016 hack into new unknown addresses.
  • In 2016, a Bitfinex security breach resulted in the theft of nearly 120,000 bitcoin from the exchange. It is one of the costliest bitcoin hacks of all time and one of the single-largest by coin count, though it pales in comparison to the infamous Mt. Gox hack of 2014.
  • Monday's transactions came in two volleys: four at 16:41 UTC worth nearly $5.8 million, and five worth almost $22 million an hour later.

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