Hackers Move $3.55B Worth of Bitcoin From 2016 Bitfinex Hack

Omkar Godbole reports:

Large amounts of bitcoin stolen from the cryptocurrency exchange Bitfinex six years ago were moved by hackers early on Tuesday.

  • “So far this morning, 94,643.29 bitcoins ($3.55 billion) have been moved in 23 transactions, from a wallet associated with a theft from Bitfinex in 2016, to a new address,” blockchain analytics firm Elliptic said. These originate from a theft suffered by Bitfinex in 2016, the firm added.
  • “It is unlikely that these funds will be cashed out any time soon. Funds from this hack have been slowly laundered for over five years now and cashing-out large volumes over a short period of time would draw unwanted attention,” Elliptic said.

Read more at CoinDesk.

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