Bitcoin Stolen From Bitfinex Hack Moved For The First Time In Five Years

The Bitfinex hack had been one of the most popular hacks when it occurred. At that point, bitcoin was still in its very early stages and was still reeling from the Mt Gox shutdown even years later. When the hack occurred, the attackers had made off with 119,756 BTC successfully. They had moved out of the stash gradually over time but recently, the biggest move from the hackers came when they moved $3.8 billion worth of bitcoin. Hackers Move 10,000 BTC The Bitfinex hackers have moved 10,000 BTC from a stash that has been there since 2016. There have been BTC moved from the wallets previously but this qualifies as the highest in terms of dollar value that have left the account. Related Reading | Bitcoin Bears To Resume Assault? Why BTC Could Crash To $33K This move was reported by Whale Alert, a bot that tracks transactions on the blockchain and reports when large transactions are triggered. The total value of the bitcoin that the Bitfinex attackers moved came out to be almost $4 billion. As for the rest of the stash, the bitcoins still remain in the wallet that they were transferred to following the hack. Although the wallet is essentially ‘tagged’, there have been new developments in the space that could essentially help the hackers ‘clean’ the stolen BTC and be able to spend it without worrying about being traced. Recently, hackers have been using platforms like Tornado Cash to get rid of the ‘dirty’ cryptocurrencies tha...