Over $760M in Bitcoin From 2016 Bitfinex Hack Moved Today

Over $760M in Bitcoin From 2016 Bitfinex Hack Moved Today

Since Bitcoin prices reached a new all-time high, on Wednesday, unknown users transferred thousands of Bitcoins (BTC) from the August 2016 Bitfinex hack to anonymous wallets.

The exact number of BTC moved from the hack is not entirely clear. Still, one blockchain parser explains that over 12,208 BTC from the 2016 Bitfinex breach worth over $760 million today were moved to multiple addresses.

On August 2, 2016, hackers attacked the exchange Bitfinex, taking approximately 119,756 BTC, worth $7.5 billion using today’s exchange rates. That day, the price per bitcoin (BTC) slid 22%, but the exchange managed to pay customers back using another token.

Over the last year, several stolen bitcoins from the Bitfinex hack have moved. As BTC’s price rises higher, Bitfinex hacker coins have moved more often. Although the hacker will find it very difficult to sell the coins, moving them around could ‘spook’ the market, traders noted.

The amount of BTC transferred from the hackers’ stash today could be much more significant. There is also a chance that the number of moving hacked coins will rise today. BTC from the Bitfinex 2016 hack was still moving at the time of writing.

These transfers of more than 30 transactions are among the most significant moves the Bitfinex hackers have made to date. Further, the blockchain parser Whale Alert caught the transactions that started after 1:00 p.m. EST.

This article was first published on coinquora.com

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