Bitfinex Hackers Move $26M Worth Of Bitcoin to Unknown Wallets; Still Ignoring $400M Reward

Nearly 2,500 Bitcoins stolen from Bitfinex exchange in 2016 are on the move once again – following similar multimillion-dollar moves this August ($12M and then $5.7M). A total of 2479.62 BTC (~$26 million) moved from the Bitfinex hacker’s account to unknown wallets, Whale Alerts reported on Oct. 6th.

According to the Twitter-based whale transaction data bot, six transactions involved multi-million dollar moves ranging from $4 million to $4.8 million with one other transaction totaling slightly over $12,000.

⚠ 400.1 #BTC (4,249,637 USD) of stolen funds transferred from Bitfinex Hack 2016 to unknown wallet

Tx: https://t.co/3fqgZlnzxk

— Whale Alert (@whale_alert) October 7, 2020

Back in 2016, Bitfinex witnessed a hack that saw users lose close to 120,000 BTC, then worth about $73 million (currently worth over $1.2 billion). The exchange has since paid up the losses to customers through its stablecoin and launched a return policy for the stolen BTC.

At the start of August, Bitfinex exchange announced a $400 million reward to the hackers to return the full amount of BTC stolen – or a third of the total stolen Bitcoins. Despite the exchange’s efforts to disburse the reward privately and anonymously, it seems the hackers are still not incentivized enough to return the BTC.