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Hackers Move $5.8 Mln in Bitcoin from Coins Stolen in 2016, Ignoring Bitfinex Offer of Reward for Returning BTC

Tue, 08/18/2020 - 08:00
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Yuri Molchan
The malefactors who "relieved" Bitfinex exchange of around $72 mln four years ago have moved another BTC lump worth $5.8 mln to a new crypto wallet, Whale Alert says
Hackers Move $5.8 Mln in Bitcoin from Coins Stolen in 2016, Ignoring Bitfinex Offer of Reward for Returning BTC
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Whale Alert Twitter bot has reported that hackers who managed to steal a whopping $72 mln from Bitfinex four years ago continue to move the stolen funds to new wallets in lumps.

This time they have made two transactions, totaling $5.8 mln in Bitcoin. This has happened despite the offer made by Bitfinex recently to pay up to $400 mln to anyone who will help them establish contact with the malefactors to get the stolen Bitcoin back. Or at least what is left of it now.

Another $5.8 mln from the 120,000 BTC moved on

The amount of Bitcoin stolen by hackers from the major Bitfinex exchange in early August 2016 equals 120,000 BTC, totaling around $72 mln back then. Today's BTC exchange rate makes that 1,472,148,000 in USD.

Now, the hackers have moved 473.3183 BTC from that amount, or $5,843,107.

Image via Twitter

This year, hackers have been actively moving parts of the stolen Bitcoins. Earlier, U.Today reported that the malefactors had transferred $4,975,676, then $7,006,854, and more transactions were made earlier this year.

Bitfinex Will Pay $400 Mln to Hackers If They Return Bitcoins Stolen in 2016

Bitfinex strives to get in touch with the hackers

According to a press release shared earlier with U.Today, the crypto exchange is eager to contact the culprits who stole the crypto in 2016 and get it back from them.

Bitfinex has announced a reward for anyone who can put them in direct contact with the hackers. The exchange is even prepared to pay the hackers tooif they send what is left of the stolen crypto back.

The reward pool Bitfinex has prepared totals thirty percent of the stolen 120,000 BTC (at the current rate)approximately $400,000,000. This is thirty percent of the initial stolen amount.

However, there have been no reports from Bitfinex about any successful contact with the malefactors or the possibility of getting any of the stolen Bitcoin back.

Bitcoin Breaks Above $12,000 After David Portnoy and MicroStrategy Venture into BTC

A crypto whale moves 19,722 BTC

Whale Alert also reported that another mammoth-sized amount of BTC has been moved between anonymous wallets.

A crypto whale has moved $243,461,019 in Bitcoin (19,722 BTC) for a tiny fee of 0.01129356 BTC: $138.41. That is a fee that no bank would offer for transferring such a massive amount of funds.

Besides, banks are also well behind in terms of transaction speed. Even though Bitcoin transactions can take a few hours to verify, a gargantuan sum of money like that would take several days or a week to be sent via a bank.

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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

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