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Hackers Avoid Negotiating with Bitfinex and Move $52,000,000 in BTC from Funds Stolen in 2016

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Thu, 10/08/2020 - 09:02
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Yuri Molchan
Over the past 48 hours, malefactors who compromised the wallets of Bitfinex exchange four years ago have transferred more than $52 mln in Bitcoin
Hackers Avoid Negotiating with Bitfinex and Move $52,000,000 in BTC from Funds Stolen in 2016
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Over the past fifteen hours, Whale Alert spotted around 2,484 BTC transferred by the cyber criminals who attacked the Bitfinex crypto exchange four years ago. That amounts to $26,326,334.

On Wednesday, the hackers moved a similar amount, totaling more than $52,000,000 in all.

Hackers shift $52 mln in Bitcoin

The major Twitter robot that tracks significant amounts of crypto shifted via blockchain noticed a gargantuan sum of Bitcoin transacted on Wednesday and Thursday.

Those two lumps, consisting of a number of transactions, carried more than $26 mln each in the flagship cryptocurrency.

BTC
Image via Twitter

Four-year "hacking anniversary"

This past August marks exactly four years since the infamous hack attack on crypto trading giant Bitfinexin August 2016.

Back then, the cyber criminals managed to lay their hands on $72 mln, totaling approximately 120,000 Bitcoin (at the exchange rate of the time).

The hackers started actively moving large portions of the stolen funds this year. U.Today covered those wires mentioned by Whale Alert in April ($7,006,854 in BTC), May ($255,863 in BTC) and June ($4,800,000 in BTC).

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Hackers would not negotiate with Bitfinex

Bitfinex's attempts to recover what is left of the stolen funds seem to have failed. CTO of the exchange, Paolo Ardoino, announced rewards to help the company get in touch with those IT gangsters.

A reward was offered to them as well, provided they return the remains of the BTC they got ahold of back then. However, the culprits made no response.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.