Bitcoin

Someone moved $ 5 million worth of bitcoin from the hack to Bitfinex in 2016

In 2016 119,756 Bitcoins were stolen from the Bitfinex cryptocurrency exchange. Some of these coins have moved between different wallets over the years, including Monday.

Blockchain data shows that An unknown user moved 270.97974 Bitcoin (BTC) from a wallet linked to the hack. The sum is approximately $ 5.2 million at the time of this writing.

The direction 1GytseWXyzGpmHkcv9uDzkU9D8pLaGyR5x, believed to be linked to the hack, shows less than 0.001 BTC left. The BTCs were sent to a previously unknown Bitcoin address: 3MyXrfSg7JFXLa7bD6YF1GnomEr8EXYRnx, contains only the transaction amount.

Someone moved $ 5 million worth of bitcoin from the hack to Bitfinex in 2016
Someone moved $ 5 million worth of bitcoin from the hack to Bitfinex in 2016

The hackers responsible for the attack have only moved between 1% and 2% of the stolen money in the four years since the theft. His HODLing strategy seems to be paying off: the loot was only worth $ 72 million at the time, but is now valued at around $ 2.3 billion.

In June, The thieves transferred 736 BTC from the hack to the Russian darknet market Hydra, and some coins ended up on Bitfinex. Similarly, someone transferred 3503 BTC from addresses related to the July 2016 Bitfinex hack. Currencies were also shifted in October 2,900 BTC wallets. Various amounts of Bitcoin related to the hack have also been postponed multiple times.

But still, 98% of the stolen funds have been intact for four years. This could indicate that hackers have found it difficult to launder digital assets as authorities impose stricter regulations.

Turner Wright contributed to this article.

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