Hacker Moves BTC Worth 21 Million USD From 2016 Bitfinex Breach

Coming as the latest development in the cryptosphere, more than two thousand Bitcoins (worth around twenty-two million USD) from the 2016 Bitfinex hack were transferred into a few unidentified crypto wallets. The move was noticed by the Btcparser program as 5 transactions with approximately four hundred Bitcoin each moved for the 1st time since the hack.

Bitfinex was hacked for around one hundred and twenty thousand Bitcoin, on 2nd August, 2016. At press time, the stolen amount is worth over a billion dollars in BTC. The hacker was able to appropriate around eighteen percent of what was whipped from Mt Gox a few years back.

Notably, most of the whipped cryptocurrency sat unmoved for a little less than 4 years. However, the hacker has been moving lots of coins in lots, this year. Before this, the appropriated tokens were moved in the month of July when the hacker relocated approximately twenty-five hundred whipped BTC (around twenty-eight million USD) from the 2016 Bitfinex breach.

Initially, when the funds were whipped, the stash was worth between sixty-six to seventy-two million dollars, as per 2016 exchange rates. In contrast to Mt Gox, Bitfinex endured the damage and it reimbursed the users by forming one of the 1st exchange-backed tokens. Coincidentally and both ironically, the news comes as Arthur Hayes steps down from his CEO position at BitMEX due to a serious law suit looming upon the BitMEX Exchange.