In what appears to be another attempt to either cover up their tracks or try to withdraw the stolen funds, hackers have yet again moved the Bitcoins related to the 2016 Bitfinex hack. Bitcoin put smiles on both investor’s and traders’ faces as the coin hit its all-time high figure yesterday.
Seizing this window, the malicious actors who were in the custody of the Bitcoin stolen from Bitfinex four years ago moved the Bitcoins to another wallet, either in a bid to finally withdraw them keep authorities and the crypto community guessing their next line of action. Notably, it was reported in 2016 that malicious actors took advantage of a breach on the crypto exchange, Bitfinex, and stole over $100 million in digital assets.
Hackers are still trying to make headway with withdrawing stolen funds
According to reports over the years, the hackers have been transferring the stolen Bitcoins across different wallets, with most of the transferred coming this year. The hackers were said to have stolen nothing less than 119,756 Bitcoin from Bitfinex in August 2016.
Furthermore, the hackers have been working tirelessly to withdraw part of the stolen Bitcoins without people noticing as they have moved small portions to different wallets across the years.
According to today’s exchange rate, the stolen funds are now worth nothing less than $2.3 billion. After the hack took place, trader confidence was crippled, and Bitcoin reacted and lost 22% of its value at that time as the bears took over.
The stolen coins were said to have stayed in a wallet for three years after the act took place before it eventually saw activity close to the summer of 2019. Once again, the coins saw another activity on Monday after various activities across this year as the hackers were said to have transferred just 5,045 Bitcoin from their stolen stash.
Transactions privacy-o-meter score was very low
This latest movement of the stolen Bitcoins was said to have been tracked by Btcparser.com. This website was designed to sift through various transactions and monitor transactions and wallets that might have emanated from the first wallets that received the stolen Bitcoins. According to Bitcoin’s trading rate today, the transferred amount of Bitcoin is presently worth about $97 million.
Notably, Bitcoin recently smashed its all-time high record yesterday after the bulls took over after a little price correction earlier in the week to push it to $19,864. In the full transaction report from Btcparser.com, all the transferred Bitcoin was said to have been sent to different wallets, with some of them entering a wallet twice.
According to the platform, about 14 transactions were done in total, and all the transactions were confirmed in just two blocks; 659,373 and 659,374. A sneak peek at the privacy meter, privacy-o-meter shows that the hackers did not try to hide the transfers as the privacy score was 55%.
This tool shows a user’s privacy technique to make his wallets anonymous while hiding them from different tracing tools. The Bitcoin that was moved from the hack was just sent without any form of privacy technique deployed, which has cast questions among members of the crypto community.
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