Four years after the Bitfinex security breach incident that brought forth one of the biggest Bitcoin heists since the Mt Gox heist in 2014, the unknown Bitfinex hacker has been continued to move numerous coins in batches into unknown wallets.
According to Cryptocurrency Blockchain tracking Twitter account Whale Alert, the Bitfinex hacker has transferred more than $4.6 million in stolen Bitcoin (BTC) on October 8.
Consequently, during this week, the hacker has moved approximately 2.4% of the total 119,756 BTC stolen from Bitfinex in 2016.
Unsurprisingly, the Bitfinex hacker has been moving a large number of stolen Bitcoins during 2020.
The last time 1337pwn reported on the Bitfinex hack coins being moved by the hacker was in July 2020 when the hacker transferred approximately 2,550 stolen BTC ($27 million).
According to 1337pwn’s computations on the basis of Whale Alert’s information, the Bitfinex hacker shifted a total of approximately 8,600 BTC to unknown wallets in 2020. This quantity is worth approximately $88.6 million at the moment of the transaction.
When the Bitcoins were initially stolen, the quantity was worth between $66 to $72 million utilizing 2016 exchange rates.
In contrast to Mt Gox, Bitfinex managed to survive the financial loss and it paid customers back by compensating customers by establishing one of the first exchanged-backed tokens.