Advertisement
AD

Main navigation

Hackers Move $255,863 in Bitcoin from Bitfinex Hack in 2016

Advertisement
Fri, 22/05/2020 - 8:04
A
A
A
Hackers Move $255,863 in Bitcoin from Bitfinex Hack in 2016
Cover image via stock.adobe.com
Read U.TODAY on
Google News
Advertisement

In summer 2016, the major crypto exchange Bitfinex, which shares a management team with Tether, the emitter of the USDT stablecoin, suffered a hack.

The culprits transferred $72 mln worth of Bitcoin from Bitfinex in Hong Kong (almost 120,000 BTC at the BTC rate back then).

Now, another portion of that money has been moved to an anonymous crypto wallet - $255,863 (28.4 BTC).

The remaining portion of the $72 mln stolen from Bitfinex?

Earlier today, Whale Alert detected another Bitcoin stash moved by the hackers responsible for the 120,000 BTC that was stolen in early August four years ago.

Advertisement

The amount transferred, today, totals $255,863 (28.4 BTC). In summer 2019, the BTC stolen in Bitfinex was already worth $973 mln, when the BTC price was slightly above $10,000.

Related

A whale moves $400 mln in Bitcoin for a tiny fee

Another major Bitcoin transaction was recently conducted. A whale transferred 46,835 BTC for a small fee of just 0.00032160 BTC – that’s $2.92.

Many Bitcoiners believe that BTC leaves banks no chance in the future since Bitcoin is making it impossible to compete not only in terms of fees charged but also in the speed at which the money arrives at the destination.

Article image
Image via Blockchain.com

Average BTC transfer fee hits 6-month high

Meanwhile, as of May 20, the average fee for sending Bitcoin totals $6.94, after reaching a half-a-year high.

Some in the crypto community often criticize Bitcoin for this and point out that using altcoins, e.g. XRP, is much cheaper and transactions are delivered a lot faster than BTC.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

A
A
A

Related articles

Advertisement
TopCryptoNewsinYourMailboxSubscribe
TopCryptoNewsinYourMailboxSubscribe
Advertisement
Advertisement
Subscribe to daily newsletter

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD