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Learning & News => News related to Crypto => Topic started by: newshunter on July 29, 2020, 07:00:29 PM

Title: $39M of Bitcoin Stolen in 2016 Bitfinex Hack Is on the Move
Post by: newshunter on July 29, 2020, 07:00:29 PM

$39M of Bitcoin Stolen in 2016 Bitfinex Hack Is on the Move

Hackers have transferred roughly $38.7M out of $1.3B worth of Bitcoin from wallets connected to the infamous 2016 hack of crypto exchange Bitfinex.

Source: $39M of Bitcoin Stolen in 2016 Bitfinex Hack Is on the Move (https://cointelegraph.com/news/39m-of-bitcoin-stolen-in-2016-bitfinex-hack-is-on-the-move)

Would appreciate your opinion about this

Title: Re: $39M of Bitcoin Stolen in 2016 Bitfinex Hack Is on the Move
Post by: TomPluz on July 30, 2020, 09:20:14 AM

Sadly, there is a way to trace the movement of stolen digital assets but aside from watching and connecting the dot we are all inutile in stopping such a movement and confiscating the assets, all the more giving these hackers and scammers the incentives to make even more and bigger hacks.

Title: Re: $39M of Bitcoin Stolen in 2016 Bitfinex Hack Is on the Move
Post by: Noverteno on July 30, 2020, 04:43:56 PM

Yes, this is the flip side of decentralization. The whole world can observe the movement of stolen bitcoins from wallets and no one can do anything to increase justice.
Unfortunately, the text of the attached article does not indicate exactly where the previously stolen bitcoins are moved. Most likely, they are split into smaller amounts by transferring them to other wallets and prepared for cash out. Will hackers use Russia for this again?