- Bitfinex hackers are moving Bitcoin from the Bitfinex 2016 hack.
- During the 2016 Bitfinex hack, over 119,000 BTC was stolen, now worth over $1 billion.
Bitfinex hackers have once again begun moving stolen Bitcoin. According to data by Whale Alert, the hackers moved an additional $275,000 of Bitcoin Thursday evening. This is not the first time funds from the Bitfinex hack have moved.
The hackers moved funds in a series of two transactions Thursday evening. Both transactions occurred within moments of one another.
Bitfinex Hack 2016
According to Coindesk, 119,756 Bitcoin was stolen during the hack, worth $66 million at the time. Taking into account the current price of Bitcoin, the hackers made away with over $1 billion in Bitcoin. Thus, the 30 Bitcoin moved today is just a small portion of what the hackers stole.
Early last year, the crypto exchange announced that the U.S government was able to retrieve over 27 Bitcoin from the hack. While the 27 Bitcoin was a tiny fraction of what was stolen, the cryptocurrency exchange is still thriving today with over $201 million in 24-hour volume, according to CoinMarketCap.
Unfortunately, hacks in the crypto space are not uncommon. DForce, a decentralized lending protocol was recently hacked for $25 million. While the hackers returned the funds, it goes to show that cryptocurrency hacks are not impossible.
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