Hackers Wire Nearly $800,000 in Bitcoin Stolen from Bitfinex in 2016

Tue, 06/02/2020 - 08:37
Yuri Molchan
Cyber criminals keep moving Bitcoin they stole from hacking the major crypto exchange Bitfinex four years ago. Slightly under $1 mln was wired this time
Cover image via stock.adobe.com

Whale Alert has reported that several hours ago, another portion of Bitcoin stolen from Bitfinex during the hack in 2016 was moved.

The total amount of BTC the hackers got ahold of four years ago totals $72 mln.

Another portion of the stolen $72 mln on the move

In early August, 2016, cybercriminals managed to get away from Bitfinex taking $72 mln in Bitcoin from the exchange (nearly 120,000 BTC at the exchange rate at that moment).

Since then, the hackers have been gradually moving the stolen riches in small portions. This time a transaction of 77.644901 BTC was spotted.

That’s $796,638 at the present rate, now that BTC has surpassed the $10,000 level for the first time since the BTC supply cut on May 11.

Image via Twitter, @whale_alert

The previous transfer of the BTC stolen from Bitfinex took place ten days ago – on May 22. Then, the hackers moved $255,863 (28.4 BTC).

Mike Novogratz Reveals What Will 'Turbo Boost' Bitcoin Price After Hitting $10,000

Bitcoin is back above $10,000

The Bitcoin maximalist and entrepreneur Jimmy Song has shared the news of BTC breaking $10,000 on his Twitter page.

Image via Twitter, @jimmysong

Like many BTC maxis, he believes that in the future the biggest crypto will be worth much more than the ATH achieved in December 2017, when Bitcoin reached a high of $20,000.

After Monday’s sudden growth, believed to be due to the massive USD printing and the social unrest in the US, some in the crypto community expect the BTC price to surge higher.

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About the author

Yuri is a 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. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.

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