2 years ago
As the Bitfinex hack betterment ensued, crypto figures crossed societal media shared their thoughts, raised questions and expressed disbelief.
On February 1, determination were movements of astir $2.5 cardinal from the 2016 Bitfinex hack wallets. After reviewing the transactions, Cointelegraph reported that astir 90,000 Bitcoin (BTC), worthy $3.6 billion, consolidated into 1 wallet address. More than a week later, the hackers were caught.
The United States Department of Justice seized $3.6 cardinal successful crypto and arrested 2 suspects connected to the 2016 hack. Alleged hackers Ilya Lichtenstein and Heather Morgan were apprehended aft national authorities exercised their quality to “follow the wealth done the blockchain” according to the DoJ.
While immoderate of the funds were partially recovered successful 2019, the astir caller betterment shocked the assemblage arsenic galore didn’t deliberation it would beryllium imaginable to retrieve the funds aft 5 years. Following this, the crypto assemblage responded with divers sentiments.
Emin Gün Sirer, the laminitis of Ava Labs, thinks that Morgan, whose mediate sanction is "Reyhan" a communal sanction successful Turkey, whitethorn person a Turkish background, making her 1 of the richest Turks for immoderate time. He besides praised the authorities for this recovering the funds.
Huge kudos to instrumentality enforcement connected this one. Many of america ne'er thought the stolen coins would beryllium recovered. This is simply a testament to the transparency of blockchains, and what savvy instrumentality enforcement tin bash successful this caller universe.
— Emin Gün Sirer (@el33th4xor) February 8, 2022Binance CEO Changpeng Zhao raised 2 questions related to the betterment of the funds. He tweeted, “Did Bitfinex suffer oregon marque wealth from the hack?” Additionally, helium wrote, “If they get the BTC back, however should they divided that with LEO holders oregon the radical who took a nonaccomplishment to judge LEO astatine the clip of the hack, and past sold LEO?”
Related: 'Comedic rapper' charged implicit Bitfinex hack laundering retired connected bail
Crypto Banter Host Ran Neuner whitethorn person an reply to this question. According to Neuner’s tweet, the hack whitethorn beryllium the champion commercialized ever made.
The Bitfinex hack was the champion commercialized ever made.
119,000 Bitcoin was stolen successful 2017. Value $76m.
Bitfinex repaid the victims the USD equivalent ($76m)over clip done a betterment token.
Bitfinex get $3.6bn 5,5 years later.
Borrow $76m, repay it dilatory , get $3,6bn. 5,5 years.
Jack Niewold, the laminitis of Crypto Pragmatist, believes that this has tremendous implications for BTC and LEO. "With selling methods similar TWAP arsenic good arsenic OTC deals, it's apt that it doesn't impact the $BTC marketplace excessively much, but $4 cardinal is simply a decent chunk," helium wrote.
Crypto entrepreneur Anthony Pompliano simply expressed his disbelief implicit who the perpetrators were:
One of the Bitfinex hackers was verified connected Twitter and wrote articles for Forbes.
Unreal.
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