{"id":278761,"date":"2020-12-02T11:35:49","date_gmt":"2020-12-02T16:35:49","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=278761"},"modified":"2020-12-02T11:35:49","modified_gmt":"2020-12-02T16:35:49","slug":"stolen-bitcoin-worth-100-million-moved-from-bitfinex","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/stolen-bitcoin-worth-100-million-moved-from-bitfinex","title":{"rendered":"Stolen Bitcoin worth $100 Million Moved from Bitfinex"},"content":{"rendered":"
About $100 million in Bitcoin, stolen from crypto exchange<\/a> Bitfinex, were recently moved by the hackers. The total funds stolen in 2016 are now worth $2.3 billion. This is the first time since August that the stolen funds have moved.<\/p>\n Funds stolen from the crypto exchange Bitfinex move occasionally. On Monday, the unknown hackers moved around 5,000 Bitcoins from 14 wallets. The exact figure is 5045.48 coins worth around $98.3 million. These Bitcoins haven\u2019t moved from the wallets since the 2016 hack.<\/p>\n The exchange was hacked in 2016 after its multi-signature wallets faced issues. Several users lost their Bitcoin even after using 2-factor authentication. The hack caused the price of Bitcoin to drop by 20% from $600 to $400. Bitfinex had to offer a 36% haircut to all their customers following the hack. They were also given a BFX token that could be redeemed for shares in its parent company iFinex.<\/p>\n The Bitcoin stolen from the exchange is worth $2.3 billion according to current prices. In August, the hackers moved stolen coins worth $5.6 million.<\/p>\n Some Bitcoin wallets have been sleeping with Bitcoin for years. When Bitcoins from these wallets move, it is called \u2018awakening.\u2019 Some of this Bitcoin is also \u201cSatoshi-era\u201d which means that it was mined when Satoshi Nakamoto had not gone in hiding.<\/p>\n While such a big movement of Bitcoin is not uncommon, Monday\u2019s shifting is connected to hacking. Bitfinex has even offered a $400 million reward to anyone who can help it contact the hackers. The exchange noted at the time,<\/p>\n “This incident is a dark chapter in our exchange’s history, and we are pleased to offer this reward as further evidence of our determination to obtain the lost property.\u201d<\/p><\/blockquote>\n The exchange even offered hackers to keep 25% of the stolen funds, offering 5% to anyone connecting with the hackers. The identity of the hackers is not known to date.<\/p>\n","protected":false},"excerpt":{"rendered":"Unknown hackers move the coins<\/h2>\n
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Awakening of Bitcoin<\/h2>\n