Move stolen bitcoins in the hack to Bitfinex
As Whale Alert noted, they were there just before dawn moved funds into Bitcoin (BTC), from the Bitfinex hack.
2.275952 #BTC ($ 20,524) of stolen funds transferred from Bitfinex Hack 2016 to an unknown wallet
– Whale alert (@whale_alert) May 21, 2020
The attack took place in August 2016and around 120,000 Bitcoins (BTC) have been stolen.
30 BTC were reportedly displaced for more than $ 270,000. The funds have been transferred to a unknown wallet.
A similar figure has been moved also last year, again towards an unknown portfolio.
At the time of the attack, the price of bitcoin was around $ 600 with a value of more than $ 70 million, whereas now, after 4 years, the figure exceeds one billion dollars without problem. It was a truly significant loss for the exchange, which nevertheless continued to operate.
A part, just under 30 BTC, recovered last year thanks to the forces of the American government, and these funds were converted into dollars to pay the owners of the RRT token (Recovery Right Token) who had lost their bitcoins due to piracy.
Over time, services and methods have been developed to combat criminals, as one of the positive aspects of blockchain is that movements and addresses cannot be hidden, which allows tracking. Mechanisms have been introduced as security measures fund freeze as soon as they enter the various exchanges and are therefore blocked, also trying to identify the criminals.
Other similar movements related to previous attacks have recently taken place. For example, I was moved funds stolen from Cryptopia (more than 5700 Ethereum) and then, barely a week ago, I was moved funds from the attack on Upbit, a little bit less 10 thousand Ethereum (ETH). This shows that the criminals are still active and from time to time look for different solutions to settle the stolen cryptocurrencies.
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