By Bitcoin.com - 2 years ago - Reading Time: 2 minutes
$3.6 Billion in Bitcoin From the 2016 Bitfinex Hack Consolidates Into a Single Address
$3.6 billion or 94,643.29 bitcoin stemming from the 2016 Bitfinex hack was moved and consolidated into a single wallet following 23 transfers. At the time of writing, the $3.6 billion in bitcoin remains idle and the trading platform Bitfinex says it “continues to work globally with law enforcement agencies” in regard to the matter.
More Than 79% of the 2016 Stolen Bitfinex Bitcoin Moves Into 1 Address
On February 1, 2022, stolen Bitfinex bitcoins were transferred to a wallet and after 23 transactions the wallet held approximately 94,643.29 BTC. The misappropriated stash of BTC, at the time of writing, is worth over $3.6 billion using today’s BTC exchange rates.
The wallet address and the 94,643 BTC movement was caught by the blockchain parser Btcparser.com. The first transaction of 1 BTC took place at 4:14 a.m. Tuesday, Coordinated Universal Time (UTC) and the last transfer of 0.00001297 BTC took place at 9:33 a.m. UTC.
The wallet has also been flagged and is listed as being involved in the 2016 Bitfinex breach by specific blockchain explorers.
At the time GFIS told Bitcoin.com News that the “awakening was done in purpose to dump the price a little bit.”
When the 94,643 BTC was transferred, the GFIS group observed the transactions consolidate into the wallet address: bc1qazcm763858nkj2dj986etajv6wquslv8uxwczt.
“At the moment, we can observe these awakenings in batches of 10-15 thousand bitcoins and subsequent sending to [bc1q],” the GFIS researchers noted during the transfer. “At the time of writing this post, the address has already collected more than 94 thousand bitcoins. And the revivals continue.”
In a note sent to Bitcoin.com News, the crypto exchange Bitfinex said that it is still working with law enforcement on the 2016 case. “Bitfinex continues to work globally with law enforcement agencies, digital token exchanges, and wallet providers to recover the bitcoin stolen in the 2016 hack,” the message sent to our newsdesk said.
Data shows that the 94,643 BTC moved on Tuesday represents 79.03% of the 119,756 BTC stolen on August 2, 2016.
What do you think about the stolen 94,643 BTC from the Bitfinex hack that moved on Tuesday? Let us know what you think about this subject in the comments section below.
Original source: Bitcoin.com