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July 11, 2020
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Move to hacking outflow Bitcoin, virtual currency equivalent to 420 million yen moves = Whale Alert

The stolen BTC will move again

Whale Alert, which tracks bitcoin remittances, reported that the cryptocurrency stolen in the 2016 Bitfinex hacking incident was moving. At that time, a total of more than 415 BTCs were remitted for the first time in 4 years from the leaked address of Bitfinex hacking case. The moved bitcoins are worth 4.1 million dollars (440 million yen).

These remittances are not a single transaction, but are subdivided into 15 to 30 BTC and are processed multiple times. Since the recipient’s wallet tag is “unknown wallet,” it is not clear at this time whether it may have been moved to the exchange.

Move to hacking outflow Bitcoin, virtual currency equivalent to 420 million yen moves = Whale Alert 25

Source: Whale Alert

The addresses where these funds were moved are tagged as “Bitfinex Hack 2016” based on blockchain tracking data. Bitcoins stolen at that time were 119,756 BTC, and the amount transferred this time was a part of them.

This move is not the first money transfer after a hack. Also in June of last year, the movement of about 172 BTC was confirmed. At that time, Bitfinex’s marketing director denied the exchange’s involvement in the money transfer.

Meanwhile, in June last year, Bitfinex is giving hackers an opportunity to return stolen funds as to how to deal with stolen funds and criminals. In return for the cooperation in the final settlement, he will allow some of the funds to be retained.

Images used with Shutterstock license

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