Hackers Blacklisted 10,000 BTC from 2016 Exploit By BTC Peers

Hackers move 10,000 BTC to blacklist from 2016 exploit

The blockchain analytics bot Whale Alerts has triggered an alarm over a series of transmissions related to the infamous Bitfinex hack of 2016.

A total of 10,057 BTC, valued at over $ 620 million, moved today after being largely inactive since 2016. In the past hour, Whale Alerts reported a total of 63 Bitcoin transfers between 50 BTC and 1,241.37 BTC. So far, the largest transaction has been approximately 1,241.37 BTC, which at current market prices is over $ 78 million.

The first transmission of was detected by the blockchain bot at 17:06:28 UTC. Coincidentally, the hacker started moving money right before the Coinbase exchange was listed on the Nasdaq. The hacker has been largely silent since November 2020.

As a backstory, the hackers stole a whopping 120,000 BTC from Bitfinex in August 2016. Since then, the hacker has had problems selling the blacklisted funds. In 2020, the hacker attempted to sell 736 BTC through a Russian darknet market.

According to several industry players, it will be almost impossible for the hacker to sell the stolen coins as no major exchange will accept the funds. Meanwhile, Bitfinex offered a $ 400 million reward last year for returning the stolen funds.

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