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Title: Remember Bitfinex Exchange Hack of 2016 ? The stolen bitcoins are moving! Post by: Flexystar on February 03, 2022, 11:14:51 AM In the recent news it is published that the bitcoins which were hacked out of Bitfinex Exchanger were sitting in a wallet. The same wallet is now accessed by the hacker and there is movement of bitcoins to another anonymous wallet.
The amount of bitcoin which is moved have been recorded to $ 2.5 billion that is 64,000 plus bitcoins. I am amused with the number of bitcoin that were moved. This has been done over twenty different transactions and have been marked as alerted address. The sad thing is this is just half of the amount which hacker stole earlier that is The complete news can be read here: $2.5B in stolen BTC from Bitfinex hack awakens (https://cointelegraph.com/news/2-5b-in-stolen-btc-from-bitfinex-hack-awakens/amp) Title: Re: Remember Bitfinex Exchange Hack of 2016 ? The stolen bitcoins are moving! Post by: virtualdn on February 03, 2022, 11:22:52 AM People who steal things or get them through bad ways will never really enjoy the "fruits" of their labor. Karma has a funny way of striking back and biting their a**, so the joke is on them, time will tell.
Title: Re: Remember Bitfinex Exchange Hack of 2016 ? The stolen bitcoins are moving! Post by: Bttzed03 on February 03, 2022, 11:45:29 AM ~ The sad thing is this is just half of the amount which hacker stole earlier that is 12,000 bitcoins. It's should be 120,000 BTC and 64K is more than half.Title: Re: Remember Bitfinex Exchange Hack of 2016 ? The stolen bitcoins are moving! Post by: mk4 on February 03, 2022, 01:16:28 PM Not sure what the dude's going to do though, as the choices are pretty limited. He can't really sell it for fiat, so he's pretty much stuck with moving from wallet to wallet, or probably mixing/coinjoin the coins. Not sure if you can even coinjoin that much coins with success.
Title: Re: Remember Bitfinex Exchange Hack of 2016 ? The stolen bitcoins are moving! Post by: Flexystar on February 03, 2022, 01:55:24 PM Not sure what the dude's going to do though, as the choices are pretty limited. He can't really sell it for fiat, so he's pretty much stuck with moving from wallet to wallet, or probably mixing/coinjoin the coins. Not sure if you can even coinjoin that much coins with success. Yeah, mixing does not seem to be an option. Even if he start to use the mixing services then the mixer will be on the radar and they would start questioning them. It’s amazing though how police workforce traced out the initial transfer and caught one of the hacker. I mean that’s what the articles states and the options are really limited for the other guys too. It’s like they did the stealing by throwing the whole bomb in the public place. Lolz. Money Heist kinda stuff but it’s not a series, it’s real world stealing so be it. Title: Re: Remember Bitfinex Exchange Hack of 2016 ? The stolen bitcoins are moving! Post by: hyudien on February 03, 2022, 02:15:15 PM People who steal things or get them through bad ways will never really enjoy the "fruits" of their labor. Karma has a funny way of striking back and biting their a**, so the joke is on them, time will tell. Agreed, there must be a trade-off that would make it impossible for a hacker to have a safe place in this world. Maybe he is still happy and feels safe in an undetected position, but I believe the law of reciprocity or karma will befall people who harm many parties and cause great suffering. After all, many of the stolen Bitcoin users are people whose lives depend on it. When hacking has caused destruction and loss of one's livelihood.Title: Re: Remember Bitfinex Exchange Hack of 2016 ? The stolen bitcoins are moving! Post by: Similificator on February 03, 2022, 02:20:51 PM I have heard that finds have been moving from that address slowly over the years. I don't know though if the hacker(s) have actually had the chance to enjoy what he/she/they have stolen since a lot of eyes have been monitoring the addresses ever since the hacking happened. It's just sad thinking about the people that suffered because of his/her/their scheme and all the bitcoins that failed to enter the circulation specially now that more and more people are flocking into the crypto currency industry.
Title: Re: Remember Bitfinex Exchange Hack of 2016 ? The stolen bitcoins are moving! Post by: avikz on February 03, 2022, 02:27:52 PM Not sure what the dude's going to do though, as the choices are pretty limited. He can't really sell it for fiat, so he's pretty much stuck with moving from wallet to wallet, or probably mixing/coinjoin the coins. Not sure if you can even coinjoin that much coins with success. Mixers are available to help! Decentralized swaps are there to convert the bitcoins into private cryptos like Monero and then to fiat. A lot of ways are available. But the hacker can't do it in one go. He will have to do it in parts. The sad part is that, a criminal is still outside the prison after the incident happened in 2016 and the legal system couldn't do anything! Title: Re: Remember Bitfinex Exchange Hack of 2016 ? The stolen bitcoins are moving! Post by: DaveF on February 03, 2022, 02:28:20 PM I guess it comes down to how well they can hide the funds and how much time and effort and money they put into it.
Given enough time and paying enough in fees and taxes you can bury that much money. But it's going to cost you. Criminals tend to be lazy, but the ones that put in the effort can hide a lot of money. Would you be willing to spend $1 billion to net the remaining $1.5 billion free and clear? -Dave Title: Re: Remember Bitfinex Exchange Hack of 2016 ? The stolen bitcoins are moving! Post by: Husires on February 03, 2022, 02:59:04 PM At least in Bitcoin we all get a warning about these stolen coins and then all the analysis machines will track all the wallets that those coins are sent to.
The impact of gold and jewelry thefts disappears over time, and then, in less than several years, thieves will be able to quietly take them out and sell them in any market outside the country from which they were stolen. Let's see how long it will take the authorities to catch them. Title: Re: Remember Bitfinex Exchange Hack of 2016 ? The stolen bitcoins are moving! Post by: Madmardigan on February 03, 2022, 03:02:57 PM That's pretty annoying! Why do these scammers burn to hell, I was once a victim and this kind of news really intimidates me.
Title: Re: Remember Bitfinex Exchange Hack of 2016 ? The stolen bitcoins are moving! Post by: virasog on February 03, 2022, 03:24:24 PM That's pretty annoying! Why do these scammers burn to hell, I was once a victim and this kind of news really intimidates me. Those who stole bitcoins or any money, that money will never be helpful for them in the long run. In the short term, they may find themselves lucky but sooner or later nature takes revenge on them. Even though the hackers have limited choices to move the funds but they have control over those bitcoins and as long as they are in control of these huge amount of funds, there is always the risk that they will dump one day or other. Title: Re: Remember Bitfinex Exchange Hack of 2016 ? The stolen bitcoins are moving! Post by: riskarcher on February 03, 2022, 03:31:05 PM Karma is real, those who take bitcoins illegally will have a bad and not free life because from the news I heard exchanges block tracking wallets that transfer stolen bitcoins even though they can cash out bitcoins slowly. I hope someone can catch the owner of that wallet
Title: Re: Remember Bitfinex Exchange Hack of 2016 ? The stolen bitcoins are moving! Post by: suzanne5223 on February 03, 2022, 04:02:09 PM Not sure what the dude's going to do though, as the choices are pretty limited. He can't really sell it for fiat, so he's pretty much stuck with moving from wallet to wallet, or probably mixing/coinjoin the coins. Not sure if you can even coinjoin that much coins with success. Note: I'm not supporting the hacking act but what you said raised some questions.Speaking unsuccessful coinjoin such many coins, he can still make use of decentralized p2p exchange trade it for privacy coins which he can then send to a fresh wallet and split send it t various new wallets. Title: Re: Remember Bitfinex Exchange Hack of 2016 ? The stolen bitcoins are moving! Post by: fiulpro on February 03, 2022, 04:51:25 PM If they are going to move those coins then I do think that it won't be a really good thing to do since at the end of the day the government can very easily track it and at the same time the person who stole might also try and encash illegally which does mean that the price might went down because that's a really high amount. I hope he makes a little mistake and the Bitcoins goes back to the person he stole it from.
Even if he tries and use a mixer he might still get caught and also p2p is not really a good proposal since it's a lot of coins and he might have to find so many people to sell it to individually and once marked the coins will be marked forever. Therefore the buyer will also not have much options as well. Title: Re: Remember Bitfinex Exchange Hack of 2016 ? The stolen bitcoins are moving! Post by: mk4 on February 03, 2022, 05:21:24 PM Note: I'm not supporting the hacking act but what you said raised some questions. Speaking unsuccessful coinjoin such many coins, he can still make use of decentralized p2p exchange trade it for privacy coins which he can then send to a fresh wallet and split send it t various new wallets. If you're referring to Bisq, then I'm pretty sure it would take the hacker thousands and thousands of separate transactions to be able to swap everything, and not to mention that people are likely to not be willing to transact with such a well-known wallet address. Title: Re: Remember Bitfinex Exchange Hack of 2016 ? The stolen bitcoins are moving! Post by: JohnBitCo on February 03, 2022, 06:46:06 PM Karma is real, those who take bitcoins illegally will have a bad and not free life because from the news I heard exchanges block tracking wallets that transfer stolen bitcoins even though they can cash out bitcoins slowly. I hope someone can catch the owner of that wallet Bitfinex Exchange Hack happened in 2016 and in six years no one was able to know who hacked the exchange. If in 5-6 years, the owner of the wallets are unknown, do you think it will be easy to catch them now? It seems that hackers won't be caught but if they convert the money into fiat, then there may be some chances to track them but noting can grantee at this time. Title: Re: Remember Bitfinex Exchange Hack of 2016 ? The stolen bitcoins are moving! Post by: suzanne5223 on February 03, 2022, 10:18:41 PM Note: I'm not supporting the hacking act but what you said raised some questions. Speaking unsuccessful coinjoin such many coins, he can still make use of decentralized p2p exchange trade it for privacy coins which he can then send to a fresh wallet and split send it t various new wallets. If you're referring to Bisq, then I'm pretty sure it would take the hacker thousands and thousands of separate transactions to be able to swap everything, and not to mention that people are likely to not be willing to transact with such a well-known wallet address. This is well-known within the crypto forum and people that follow the news. However, there is some Bitcoin tumbler group where people exchange dirty coins for clean coins.Title: Re: Remember Bitfinex Exchange Hack of 2016 ? The stolen bitcoins are moving! Post by: mk4 on February 04, 2022, 04:48:35 AM This is well-known within the crypto forum and people that follow the news. However, there is some Bitcoin tumbler group where people exchange dirty coins for clean coins. You don't even need to join groups, mixers/tumblers are available to use today — and some(like ChipMixer) even has an onion address, for those who value their privacy. The question is just that if the anonymity can be broken or not. Relevant thread: https://bitcointalk.org/index.php?topic=5117328.0 Title: Re: Remember Bitfinex Exchange Hack of 2016 ? The stolen bitcoins are moving! Post by: davis196 on February 04, 2022, 06:21:00 AM I guess that the hacker will move to some underdeveloped country,where the police and the court system are totally corrupted.He has the money to buy any policeman or judge he wants. >:(
I know that karma is a b*tch and you get what you deserve,but I've seen many people get away with their crimes. What makes me wonder is the existential price he has to pay for all this wealth. He's a billionaire,but he will have to hide,watch over his back and live in the shadows for the rest of his life. Is this really worth it? Title: Re: Remember Bitfinex Exchange Hack of 2016 ? The stolen bitcoins are moving! Post by: TheNineClub on February 04, 2022, 06:40:50 AM I guess he can go with the tried and true method when stealing a lot of sum, and that is just sitting on it for a period of 10 years or so until everything quiets down. Obviously, there is little to no chance that he will cash out all at once. He still has options of taking the money out little by little with ATM withdrawls, some smaller amounts thrown into mixers, and buying things with crypto. I know that's not the luxurious way to spend your hard hacked money, but serious thieves don't really really on that stolen money that much so there is no need to take it out at once and splurge it in one place. Also, I wouldn't be surprised if the individual (or a group) at hand has some access or connection to the underworld, and I am sure that there are individuals that would accept some amounts of BTC in exchange for actual money, it's basically just money laundering. Also, I can imagine some of it can be invested into other coins and withdrawn through that avenue. So the slow approach has options.
Title: Re: Remember Bitfinex Exchange Hack of 2016 ? The stolen bitcoins are moving! Post by: DapanasFruit on February 04, 2022, 09:06:40 AM I think the saddest part of this whole hacking story is that transactions can easily be traced and movements of Bitcoin from one wallet to another can be ascertained but there is nothing so far that can be done to get back the assets stolen. And that can mean a very big encouragement to other hackers to do everything possible and to even invest in more sophisticated tools and means to become successful in wreaking havoc in many big centralized exchanges...because the money is really in there...millions of money. This is one big reason why DEXs are getting more popular though nothing is really totally safe as long as we have extremely talented and creative hackers around. Title: Re: Remember Bitfinex Exchange Hack of 2016 ? The stolen bitcoins are moving! Post by: gantez on February 04, 2022, 09:34:50 AM I think the saddest part of this whole hacking story is that transactions can easily be traced and movements of Bitcoin from one wallet to another can be ascertained but there is nothing so far that can be done to get back the assets stolen. And that can mean a very big encouragement to other hackers to do everything possible and to even invest in more sophisticated tools and means to become successful in wreaking havoc in many big centralized exchanges...because the money is really in there...millions of money. This is one big reason why DEXs are getting more popular though nothing is really totally safe as long as we have extremely talented and creative hackers around. It is difficult to avoid using centralised exchange sometimes you find some service you like there like staking for example that exchange like binance do. The best is being careful and not allow coins to stay in exchange for a longer time than it is required maybe we can escape the time hacking will happen . Title: Re: Remember Bitfinex Exchange Hack of 2016 ? The stolen bitcoins are moving! Post by: Obito on February 04, 2022, 09:39:44 AM People who steal things or get them through bad ways will never really enjoy the "fruits" of their labor. Karma has a funny way of striking back and biting their a**, so the joke is on them, time will tell. Sad thing is these kinds of people are the ones that don't really get the karma that they deserve. I mean look at historic records, there's not a lot of deplorable and evil people that have been served their just desserts so I don't think that karma will ever be of concern for this type of people.Title: Re: Remember Bitfinex Exchange Hack of 2016 ? The stolen bitcoins are moving! Post by: SFR10 on February 04, 2022, 11:17:48 AM and at the same time the person who stole might also try and encash illegally which does mean that the price might went down because that's a really high amount. Considering that we're dealing with a significant amount, it's safe to say that the hacker in question, will surely have a hard time [even illegaly] exchanging them in one go.He still has options of taking the money out little by little with ATM withdrawals, You shouldn't even consider that as an option for someone that's trying to stay under the radar [e.g. cameras, KYC, fingerprints and etc...].and buying things with crypto. That could go wrong on so many levels...Title: Re: Remember Bitfinex Exchange Hack of 2016 ? The stolen bitcoins are moving! Post by: Leviathan.007 on February 04, 2022, 03:45:57 PM I clearly remember that date and I even remember some people were saying he won't move the coins because he is maybe scared to be tracked and scared of possible transaction traces I actually was believing like that because moving a huge amount of bitcoin can alert anyone even if the bitcoins are not stolen and if you consider the coins are stolen you can double the risk of foe the hacker, however, if you really could hack Bitfinex and take control over these coins he probably knows how to do not get caught while using the coins, surly the other possibly for him is to selling the wallet because there are some people in darknet they buy stone coins for cheaper prices because they know how to spend and use the coins anonymously.
Title: Re: Remember Bitfinex Exchange Hack of 2016 ? The stolen bitcoins are moving! Post by: suzanne5223 on February 04, 2022, 05:36:01 PM This is well-known within the crypto forum and people that follow the news. However, there is some Bitcoin tumbler group where people exchange dirty coins for clean coins. You don't even need to join groups, mixers/tumblers are available to use today — and some(like ChipMixer) even has an onion address, for those who value their privacy. The question is just that if the anonymity can be broken or not. Relevant thread: https://bitcointalk.org/index.php?topic=5117328.0 This is the reason why I thought making use of various tumbler and privacy methods will be better if privacy is the top priority. Besides, Theymos always once advise the use of two or more anonymity services. Title: Re: Remember Bitfinex Exchange Hack of 2016 ? The stolen bitcoins are moving! Post by: franky1 on February 09, 2022, 12:01:50 AM seems the coin movements are related to authorities finding the thieves and seizing the coins
https://www.bbc.co.uk/news/world-us-canada-60310783 Quote Stolen Bitcoin worth more than $5bn (£3.7bn) has been seized by the US Department of Justice - the largest ever confiscation of its kind. Officials also arrested and charged two people on Tuesday with attempting to launder the money, which amounts to nearly 120,000 Bitcoin. The funds, stolen by a hacker who breached a cryptocurrency exchange in 2016, were valued at about $71m. But, with the rise in Bitcoin's value, it is now valued at more than $5bn. Assistant Attorney General Kenneth Polite Jr said the seizure was proof the government "will not allow cryptocurrency to be a safe haven for money laundering or a zone of lawlessness within our financial system". The money originates from the 2016 hack of a crypto exchange known as Bitfinex. According to Justice Department officials, a hacker breached the platform, made more than 2,000 unauthorised transactions and then funnelled the money into a digital wallet allegedly run by Ilya Lichtenstein, 34, of New York. A criminal complaint alleges Lichtenstein and his wife, Heather Morgan, 31, laundered about 25,000 of the stolen Bitcoin through various accounts over the past five years and used various methods to cover their tracks, from fake identities to converting their Bitcoin into other digital currencies. Investigators from Washington DC, New York, Chicago and Ansbach, Germany collaborated on the lengthy probe. In a statement, Bitfinex said it had cooperated with the inquiry and was "pleased" the stolen funds had been recovered. Lichtenstein and Morgan will appear before a federal judge later on Tuesday, on counts of conspiracy to defraud the US and conspiracy to commit money laundering. If found guilty, they could each serve up to 25 years in prison. The asset seizure comes four months after the launch of a National Cryptocurrency Enforcement Team at the Justice Department. In what is believed to be its previous largest financial seizure, the team seized some $2.3m in cryptocurrency last year, recovering the ransom paid by the Colonial Pipeline company to end a crippling cyberattack. Title: Re: Remember Bitfinex Exchange Hack of 2016 ? The stolen bitcoins are moving! Post by: TopT3ns on February 09, 2022, 12:32:18 AM Where ever fund moving this wallet have detected by all exchange market and when this fund arriving on exchange account for depositing will get lock or account get trouble for withdrawing later. Still fund hacked from bitfinex not moving to other exchange just hold on hard ware wallet, the hacker not really brave moving his fund have announcement by Bitfinex team will banned and looking this hacker with bounty amount $400k. I think after last weeks with this issues not any impact with bitcoin and altcoin price keep stable pump because they can't move fund from wallet to exchange account for selling.
Title: Re: Remember Bitfinex Exchange Hack of 2016 ? The stolen bitcoins are moving! Post by: SFR10 on February 09, 2022, 01:03:43 PM seems the coin movements are related to authorities finding the thieves and seizing the coins I cross-checked various sources and it appears that when they moved those coins [on Feb 1], they were still on the loose...https://www.bbc.co.uk/news/world-us-canada-60310783
After scrolling through the following "detailed document (https://www.justice.gov/opa/press-release/file/1470186/download)", I'm quite surprised that someone who's smart enough to hack those, is also dumb enough to store the private keys on a cloud storage account [it's quite strange]! Title: Re: Remember Bitfinex Exchange Hack of 2016 ? The stolen bitcoins are moving! Post by: Anonylz on February 09, 2022, 01:25:25 PM Well according to news on Coindesk (https://www.coindesk.com/policy/2022/02/08/us-officials-seize-bitcoin-from-2016-bitfinex-hack/) two individuals were arrested who conspired to hack the exchange, they are married couples (quite surprising), they are expected to "appear in court at 3:00 p.m. ET in New York, according to a U.S. Department of Justice"
Am shocked this two are not aware the wallets are under strict monitoring by the security agents, after hiding for a few years, now they will face the full weight of the law. Title: Re: Remember Bitfinex Exchange Hack of 2016 ? The stolen bitcoins are moving! Post by: ChiBitCTy on February 09, 2022, 01:52:00 PM I remember downloading the app for this exchange back in 2016, I believe it was to be able to buy some IOTA lol. I couldn’t even get the app to work so I didn’t end up putting any bitcoins on the exchange and thank god I didn’t. As we now know these funds were taken back over by this FBI, hopefully some of those who lost their funds are finally made whole.
Title: Re: Remember Bitfinex Exchange Hack of 2016 ? The stolen bitcoins are moving! Post by: perfect999 on February 09, 2022, 09:41:32 PM Where ever fund moving this wallet have detected by all exchange market and when this fund arriving on exchange account for depositing will get lock or account get trouble for withdrawing later. Still fund hacked from bitfinex not moving to other exchange just hold on hard ware wallet, the hacker not really brave moving his fund have announcement by Bitfinex team will banned and looking this hacker with bounty amount $400k. I think after last weeks with this issues not any impact with bitcoin and altcoin price keep stable pump because they can't move fund from wallet to exchange account for selling. If I were the exchange I will accept the deposit and then surprise the hacker by rejecting his withdrawal. I will also not allow trades from this address and for the main event I will ask him to do a KYC but of course he is not dumb enough to do it. Using different ID's for KYC will make the attempt unsuccessful. I think news like this could still create an impact to the market because some will get scared. Anyway i found this news interesting because of how good or planned this hacker as it took them almost 6 years before they decided to make a move. They know that they stole an incredible amount of BTC and the world is watching the next step there going to make. Title: Re: Remember Bitfinex Exchange Hack of 2016 ? The stolen bitcoins are moving! Post by: darkangel11 on February 09, 2022, 10:10:04 PM Well according to news on Coindesk (https://www.coindesk.com/policy/2022/02/08/us-officials-seize-bitcoin-from-2016-bitfinex-hack/) two individuals were arrested who conspired to hack the exchange, they are married couples (quite surprising), they are expected to "appear in court at 3:00 p.m. ET in New York, according to a U.S. Department of Justice" Am shocked this two are not aware the wallets are under strict monitoring by the security agents, after hiding for a few years, now they will face the full weight of the law. Not surprising at all that it was a couple. Usually a spouse is the most trusted person you know. You tell them all those things you'd tell your parents, but parents could scold you, warn you, be more fearful. It will be interesting to find out if they knew the hackers, how did the hackers contact them, what made the hackers trust them with billions of dollars. They say there's no honor among thieves so being the hacker I would expect them to try to steal from me or blackmail me... unless I knew them pretty well. Title: Re: Remember Bitfinex Exchange Hack of 2016 ? The stolen bitcoins are moving! Post by: Oilacris on February 09, 2022, 10:19:06 PM Where ever fund moving this wallet have detected by all exchange market and when this fund arriving on exchange account for depositing will get lock or account get trouble for withdrawing later. Still fund hacked from bitfinex not moving to other exchange just hold on hard ware wallet, the hacker not really brave moving his fund have announcement by Bitfinex team will banned and looking this hacker with bounty amount $400k. I think after last weeks with this issues not any impact with bitcoin and altcoin price keep stable pump because they can't move fund from wallet to exchange account for selling. If I were the exchange I will accept the deposit and then surprise the hacker by rejecting his withdrawal. I will also not allow trades from this address and for the main event I will ask him to do a KYC but of course he is not dumb enough to do it. Using different ID's for KYC will make the attempt unsuccessful. I think news like this could still create an impact to the market because some will get scared. Anyway i found this news interesting because of how good or planned this hacker as it took them almost 6 years before they decided to make a move. They know that they stole an incredible amount of BTC and the world is watching the next step there going to make. Speaking of close monitored addresses then its dumb that those couples hadnt realized that and on the time they had made their move on selling those hacked coins then it is really just easy to traced up once you do sent out those coins on centralized exchange. Title: Re: Remember Bitfinex Exchange Hack of 2016 ? The stolen bitcoins are moving! Post by: nelson4lov on February 09, 2022, 10:30:31 PM I think the saddest part of this whole hacking story is that transactions can easily be traced and movements of Bitcoin from one wallet to another can be ascertained but there is nothing so far that can be done to get back the assets stolen. And that can mean a very big encouragement to other hackers to do everything possible and to even invest in more sophisticated tools and means to become successful in wreaking havoc in many big centralized exchanges...because the money is really in there...millions of money. This is one big reason why DEXs are getting more popular though nothing is really totally safe as long as we have extremely talented and creative hackers around. The funds (BTC) that was moved by the hacker was laundered using tornado cash (a protocol in eth for private transactions) so it would be a lot harder to trace. One more thing to keep in mind is that DeFi platforms can be hacked as well resulting in users loss of funds. There's been a lot of this already - let's just pray we don't become victim of such experience because most exchanges don't compensate users. Title: Re: Remember Bitfinex Exchange Hack of 2016 ? The stolen bitcoins are moving! Post by: arwin100 on February 09, 2022, 10:38:52 PM I think the saddest part of this whole hacking story is that transactions can easily be traced and movements of Bitcoin from one wallet to another can be ascertained but there is nothing so far that can be done to get back the assets stolen. And that can mean a very big encouragement to other hackers to do everything possible and to even invest in more sophisticated tools and means to become successful in wreaking havoc in many big centralized exchanges...because the money is really in there...millions of money. This is one big reason why DEXs are getting more popular though nothing is really totally safe as long as we have extremely talented and creative hackers around. The funds (BTC) that was moved by the hacker was laundered using tornado cash (a protocol in eth for private transactions) so it would be a lot harder to trace. One more thing to keep in mind is that DeFi platforms can be hacked as well resulting in users loss of funds. There's been a lot of this already - let's just pray we don't become victim of such experience because most exchanges don't compensate users. If we know the platform is vulnerable on possible attack then we must make sure that we didn't hold our balances their for quite long time and withdraw it frequently so that we can avoid getting compromise if that sad incident happen. We know most of exchange will not compensate their users that's why we need to choose the best among then like binance since we see how they go to those incident and make sure that the funds of their traders are safe. Title: Re: Remember Bitfinex Exchange Hack of 2016 ? The stolen bitcoins are moving! Post by: franky1 on February 09, 2022, 11:22:45 PM seems the coin movements are related to authorities finding the thieves and seizing the coins I cross-checked various sources and it appears that when they moved those coins [on Feb 1], they were still on the loose...https://www.bbc.co.uk/news/world-us-canada-60310783 Heather "tweeted (https://twitter.com/HeatherReyhan/status/1490121376623177736)" on Feb, 6 [that would've not been the case if she had already been taken into custody]. authorities had investigated and identified the thieves(finding them) over time prior to jan 31st 2022, court order(s) on feb1-4th to seize funds from multiple exchanges and also the 2 peoples private keys. and the 2 people were arrested on the 8th feb |