Bitcoin stolen from cryptocurrency exchange Bitfinex in 2016 has come back to the limelight since some of the crypto funds have moved to an unknown wallet.
According to Twitter-based cryptocurrency transaction monitoring resource @whale_alert, just over 30 BTC emanated from Bitfinex left its holding wallet on August 12. In other words, the unidentified hacker has abruptly transferred over $350,000 worth of Bitcoin to a new, previously unused Bitcoin address.
This move comes in second for that portion of the Bitfinex hack following it entering a preceding wallet in the course of a more significant tranche of cash in June 2019.
Back in 2016, hackers managed to successfully steal 119,756 BTC from Bitfinex. At the time, such loot added up to merely $350 million, but nowadays it’s worth more than $1.3 billion.
Before that, the Bitcoin sum had stayed dormant since the hack, which initially occurred in August 2016 and triggered a significant law enforcement initiative.
At that time, BTC/USD traded at approximately $650, with the theft rendering markets plummet nearer to $580.
Earlier this year, US law enforcement successfully retrieved a small portion of the stolen Bitcoin (27.66 BTC, which at the time was worth just over $104,000).