As reported by Whale Alert a couple of days ago, some Bitcoin (BTC) funds from the Bitfinex hack have moved.
⚠ 2.275952 #BTC (20,524 USD) of stolen funds transferred from Bitfinex Hack 2016 to unknown wallet
– Whale Alert (@whale_alert) May 21, 2020
The attack took place in August 2016, and around 120 thousand Bitcoin (BTC) were stolen.
30 BTC worth more than $ 270,000 would have been moved. The funds were transferred to a unknown wallet.
A similar amount It was also moved last year, again to an unknown wallet.
At the time of the attack, the price of bitcoin was around $ 600 worth more than $ 70 million, while now, after 4 years, the figure is over $ 1 billion. It was a very important loss for the exchange, which continued to operate despite everything.
One part, just under 30 BTC, is recovered last year Thanks to the forces of the United States government, these funds were converted into dollars to pay the owners of the RRT (Recovery Token) token, that is, those who had lost their bitcoins due to hacking.
Over time, services and methods have been developed to be able to stop criminals, since one of the positive aspects of the blockchain is that movements and directions cannot be hidden and this allows easy traceability. Security measures have been introduced to freeze funds as soon as they enter the different exchanges and then get blocked, in an attempt to identify the criminals.
Recently, there have been other similar movements linked to previous attacks. For example, stolen cryptopia funds moved (over 5,700 Ethereum) and then just a week ago, the funds from the attack on Upbit, just below 10,000 Ethereum (ETH). This indicates that criminals are always active and looking for different solutions to liquidate stolen cryptocurrencies.