Over $26M Worth of Bitcoin Associated With 2016 Bitfinex Hack Is on the Move

The seven transactions involved in the movement of these funds on Wednesday were flagged by Twitter-based blockchain tracker bot Whale Alert.

Oct 7, 2020 at 9:18 p.m. UTC
Updated Sep 14, 2021 at 10:06 a.m. UTC

Over $26 million worth of bitcoin (BTC) associated with the massive 2016 hack of crypto exchange Bitfinex was moved around across seven transactions on Wednesday, according to Twitter-based blockchain tracker bot Whale Alert

  • The security breach at Bitfinex in August 2016 led to the theft of over 120,000 BTC (worth approximately $1.2 billion today). Similar movements of stolen funds were also reported in July
  • Six of the transactions flagged by Whale Alert ranged between $4.1 million and $4.8 million, with one for a relatively small amount of $12,000. 

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.