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Bitfinex Offers $400 Million in Rewards to Get Back 120,000 Stolen Bitcoins

Cryptocurrency exchange Bitfinex is offering rewards of up to $400 million to the hackers who stole almost 120,000 bitcoins from its platform in 2016 as well as anyone putting it in touch with the hackers. Up to $400 Million Reward for the Recovery of Stolen Bitcoins Bitfinex announced on Tuesday that it is offering up to $400 million in rewards for the recovery of almost 120,000 bitcoins that were stolen from its platform in August 2016. Not only is the exchange offering a reward to any persons connecting it with the hackers responsible for that unauthorized transfer, but it is…

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Hackers Transfer $28 Million Worth of Bitcoin from 2016 Bitfinex Breach

Around 2,500 stolen bitcoins ($28 million) from the 2016 Bitfinex breach were transferred from the hacker’s wallet on Monday. The last time the Bitfinex hackers moved funds from the hack four years ago, they moved around $5 million worth of coins on June 24. This time around, the top crypto asset by market capitalization touched new price highs for 2020 on July 27. At 6:15 p.m. (ET) on Monday, bitcoin (BTC) reached $11,379 per coin on Bitfinex. The hackers moved the $28 million worth of BTC in various fractions six hours prior to the price high, according to statistics from…

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$5 Million In BTC Were Just Moved From 2016 Bitfinex Hack

$5 million in BTC were just moved recently from the Bitfinex hack that occurred back in 2016 as we reported previously in the Bitcoin latest news. While finding the stolen money during bank heists can be hard to trace, when it comes to crypto hacks it’s a completely different story. Hackers usually use mixing and privacy technologies as the coins they steal from exchanges and people can be tracked through the blockchain. This was shown to be the case with the BTC stolen from the Bitfinex 2016 hack. According to Whale Alert, the advanced blockchain tracker, two transactions $5 million…

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