BITCOINSECURITY

In 2016, the Bitfinex hackers struck again, transferring nearly $100 million worth of Bitcoin from the implicated wallets.

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In 2016, the Bitfinex hackers struck again, transferring nearly $100 million worth of Bitcoin from the implicated wallets.

In 2016, the hacked wallet from Bitfinex transferred 5045.48 bitcoins yesterday, with a total value of nearly $100 million at the current price.

2016 Bitfinex Hack-Related Wallet

According to a series of transactions published by Whale Alert yesterday, the wallet address related to the 2016 Bitfinex hack initiated 14 separate transactions, transferring a total of 5,045.48 bitcoins, valued at approximately $98.3 million at the time of writing. The most recent activity from the Bitfinex hack-related address occurred in October this year, with about 2,500 bitcoins being moved out of the address. Link. Additionally, there was also a transaction activity in August this year.

In 2016, due to issues with a multi-signature wallet, Bitfinex exchange was hacked, resulting in the theft of approximately 119,756 bitcoins. At current prices, the value of the stolen bitcoins has exceeded $2.3 billion. Bitfinex created a token called BFX at the time to compensate users for the funds lost in this incident. Furthermore, in an effort to recover the stolen funds, Bitfinex even offered a reward of up to $400 million to anyone who could assist in recovering the funds, but so far, only a few of the stolen bitcoins (about 27 bitcoins) have been recovered.

Ancient Miner Activity Intensifies

Perhaps due to the rise in coin prices, many long-dormant bitcoins have shown transaction activity this year. On November 4, Whale Alert detected a transfer of bitcoins, historically valued at nearly a billion dollars, with the sending address ranked fourth on the original rich list, last active in 2015. The movement after a five-year hiatus has attracted significant attention on social media platforms.

Additionally, a batch of bitcoins mined in 2010, totaling 1,000 bitcoins, moved for the first time in October. Apart from being consolidated and redistributed to various addresses, approximately 9.99 bitcoins have been donated to the Free Software Foundation (FSF).