Nearly $100 million in bitcoin tied to 2016 Bitfinex hack has been moved

advertisement

$96.7 million in bitcoin stolen from crypto exchange Bitfinex in a 2016 hack was moved on Monday.

The 14 separate transactions, tracked by Twitter-based alert service Whale Alert, show that 5045.48 BTC in total was transferred. The movements come more than two months since the most recent such occurrence when more than $26 million in bitcoin at then-current prices was transferred. 

Bitfinex was hacked in August 2016, and nearly 120,000 BTC was stolen during that security breach. That incident led Bitfinex to socialize the losses among its user base and later create a token, dubbed BFX, to reimburse those who experienced funds haircuts.

In August, Bitfinex offered a public reward in an effort to spur its recovery efforts.

Related Reading

Get Your Crypto
Daily Brief

Delivered daily, straight to your inbox.

TRON USDC now available

Delivering on a vision for an interoperable global standard for dollar digital currency, Circle and TRON have partnered to make USD Coin (USDC) available on the TRON blockchain, which has grown to more than 56 million accounts and nearly 2.5 billion transactions since its founding just four years ago. TRON is home to a broad ecosystem for digital assets in Asia and around the world, and the TRON community can now benefit from easy access to the world's fastest-growing, regulated dollar digital currency. 
Read Full Story
Sponsored Post

Layer-1 Platforms: A Framework for Comparison

The Block Research was commissioned by Algorand to create Layer-1 Platforms: A Framework for comparison, which provides a “look under the hood” at seven platforms: Algorand, Avalanche, Binance Smart Chain, Cosmos, Ethereum/Ethereum 2.0, Polkadot, and Solana. We assess their technical design, related ecosystem data, and qualitative factors such as key ecosystem members to get an understanding of how they differ. Having done this analysis, we draw some insights for what the future of the broader smart contract landscape could look like for years to come. 
Read Full Story
Aug 11, 2021, 5:18PM UTC
More