Hackers Move $383M Worth of Bitcoin From 2016 Bitfinex Hack

2 years ago

Large amounts of bitcoin stolen from the cryptocurrency speech Bitfinex six years agone were moved by hackers aboriginal connected Tuesday.

  • According to Twitter relationship Whale Alert, atrocious actors transferred 10,000 bitcoins worthy much than $383 cardinal to an chartless wallet during Asian hours.

  • The fig of bitcoin transferred amounted to 8% of the full 119,756 BTC drained from Bitfinex successful 2016, 1 of the biggest bitcoin hacks to date.

  • Hackers past moved the stolen bitcoin successful April 2021, transferring implicit $700 cardinal worthy of coins to chartless wallets during the bull frenzy brought by crypto speech Coinbase's the-then impending listing connected Nasdaq.

  • A question of malicious funds usually raises suspicion of atrocious actors looking to currency retired and spooks markets.

  • As noted successful April past year, most of the bitcoin associated with the Bitfinex hack is wide tracked and blacklisted. Thus, hackers volition person a pugnacious clip cashing retired connected salient centralized exchanges.

  • In different words, the latest question of the hacked coins presents small downside hazard to bitcoin. At property time, the cryptocurrency was trading mostly unchanged connected the time adjacent $38,500.

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Omkar Godbole is the elder newsman connected CoinDesk's Markets team.


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