Over $26M Worth of Bitcoin Associated With 2016 Bitfinex Hack Is on the Move
Over $26 million worth of bitcoin (BTC) associated with the massive 2016 hack of crypto exchange Bitfinex was moved around across seven transactions on Wednesday, according to Twitter-based blockchain tracker bot Whale Alert.
- The security breach at Bitfinex in August 2016 led to the theft of over 120,000 BTC (worth approximately $1.2 billion today). Similar movements of stolen funds were also reported in July.
- Six of the transactions flagged by Whale Alert ranged between $4.1 million and $4.8 million, with one for a relatively small amount of $12,000.
Related Posts
Blockchain Arbitration Firm Proof of Trust Plans London Stock Exchange Listing
Jan 17, 2020 at 10:53 UTCUpdated Jan 17, 2020 at 11:34 UTCCity of London. Credit: ShutterstockA firm that's developed tech to resolve disputes arising from blockchain smart contracts has said it plans to list on the London Stock Exchange.As reported Friday by Alliance News (via London South East), The Proof of Trust aims to float…
‘Superman29’ to Do Time; California Resident Pleads Guilty to Laundering Millions Using Illegal Bitcoin ATMs
Jul 22, 2020 at 20:44 UTCKais Mohammed agreed to forfeit 17 bitcoin ATMs, cash and cryptocurrency as part of the plea agreement. (Ciaran McEvoy/Department of Justice)Kais Mohammad, a.k.a. “Superman29,” has agreed to plead guilty to federal charges he ran an unlicensed Bitcoin ATM network that laundered up to $25 million, including funds that originated in…
Market Wrap: Bitcoin Slides Below $18K as ETH Is More Volatile Than BTC in 2020
Dec 10, 2020 at 9:25 p.m. UTCCoinDesk 20 Bitcoin Price IndexMarket Wrap: Bitcoin Slides Below $18K as ETH Is More Volatile Than BTC in 2020Weak volumes and rotations into other cryptocurrencies are likely impeding bitcoin’s price movement from going higher. Meanwhile, ether has been more volatile than bitcoin in 2020 and could remain that way.Bitcoin…
Securitize Agrees to Buy Crypto Wealth Manager Onramp to Expand RIA Services
Securitize's aim is to allow RIAs to offer their clients tokenized investments in alternative assets classes such as private equity, private credit, secondaries and real estate.As well as a sign of the ongoing intertwining between traditional markets and digital assets, the acquisition may indicate consolidation among startups in these sectors.Asset tokenization firm Securitize has acquired…
Crypto Exchange Bit2Me Raises $15M to Grow in Spain and Latin America
Bit2Me, a leading Spanish crypto exchange, has raised $15 million in a funding round led by Investcorp.The investment round also included Telefónica Ventures, the investment arm of Spain’s largest telecommunications company Telefónica, Stratminds VC, Cardano and YGG Fund, Bit2Me said in a press release.Funds will be used by Bit2Me to grow its position in Spain,…
Neo Price Bleeds 40% to End August as Worst-Performing Big Crypto
NEO's dismal performance in August has likely strengthened the already strong bear grip on its market. Down 39.6 percent month-on-month in August, it is the biggest loser among the top 25 cryptocurrencies by market capitalization, according to CoinMarketCap and analysis by CoinDesk. Throughout the month, the world's 14th largest cryptocurrency has moved in tandem with…
Uniswap Takes Lead Over SushiSwap Less Than 24 Hours After SUSHI Rewards Drop
Sep 13, 2020 at 19:24 UTCUpdated Sep 13, 2020 at 19:26 UTCNo loyalty among yield farmers. Uniswap now has more value locked (TVL) than its upstart rival, SushiSwap, less than a day after SUSHI block rewards for liquidity providers (LPs) dropped from 1,000 tokens to just 100. TVL on SushiSwap fell from $1.46 billion worth…
FCA-Regulated Crypto Trading Firm Portofino Technologies Sees Staff Exodus
The firing of the firm’s co-founder and its CFO in July triggered a wave of departures. A new CFO and a senior sales trader have since been hired. 01:48 Bitcoin Nears 'Golden Cross' Amid Rising U.S. Treasury Yields Concerns 02:02 Nigeria Frees Binance's Gambaryan; Peter Todd Goes Into Hiding After HBO Doc Names Him Satoshi