On Tuesday, the hackers that stole a large amount of Bitcoin from Bitfinex in 2016 moved a part of the loot. Whale Alert, a Twitter account designated to monitor the crypto market and large movement of funds within the space, announced on Tuesday that the hackers moved 94,643.29 BTC worth $3.55 billion from their wallet to another anonymous wallet.
This was done in twenty-six transactions, as a way of masking the movement, though that did nothing to stop Whale Alert and other crypto enthusiasts from noticing the movement. Some transfers contained as high as 10,000 BTC worth $383 million, while others made 0.29 BTC worth $11,377.
In August 2016, hackers went away with 120,000 BTC from Bitfinex, a crypto exchange, which has a current value of over $4.5 billion.
Whale Alert stated on Twitter, “10,000 #BTC (383,540,711 USD) of stolen funds transferred from Bitfinex Hack 2016 to an unknown wallet.”
This was done in the early hours of 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.
According to Alistair Milne,
“No, the Bitfinex hacker can’t sell the #Bitcoin (not in any volume).
But he/she/they can move it to try to manipulate the market while they short it elsewhere.”
Elliptic, a blockchain analysis firm stated, “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.”
The hack has attracted the attention of the crypto space, as people and brands have been monitoring the movement of the stolen funds. Hackers have been unable to dispose of the remaining 79% of Bitcoin because they have been blacklisted and tracked.
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