Bitfinex Offers $3.6 Million Bounty in Bid to Recover Stolen Bitcoin

Bitfinex is reportedly offering a reward worth up to $3.6m for the recovery of bitcoins stolen from its exchange.

AccessTimeIconAug 10, 2016 at 7:05 p.m. UTC
Updated Sep 14, 2021 at 1:59 p.m. UTC

Bitfinex is reportedly offering a reward worth up to $3.6m for the recovery of bitcoins stolen from its exchange last week.

The Hong Kong-based startup lost nearly 120,000 BTC in the incident (an amount worth roughly $71m at press time), and now suggests it's willing to offer 5% of these funds (or about 6,000 BTC) as a reward should they be found and returned.

The news came social media today in a post by Bitfinex community director Zane Tackett. In response to a question about the existence of such a program, he stated that a bounty would be awarded to anyone who had information that helped the exchange recover the funds.

Tackett said:

"[Five percent] of recovery and for information leading to recovery (but no bounty if no recovery); if multiple persons lead to recovery, share pro rata."

Bitfinex resumed trading earlier today, just over a week after it shut down in the wake of the theft.

Money rain image via Shutterstock

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