Bitcoins stolen from bitfinex in 2016 move to new wallets

[olamidey]

Do they have to wait up to three years to move the bitcoin to the new address? Why don't they sell bitcoin when it costs $ 20k? I feel there are too many strange things.
And if we now discover addresses that hold hackers' bitcoin. What can we do to prevent hackers from selling that bitcoin into fiat? I really don't feel confident with bitfinex, everything around them is shady.

I agree completely with you. The ATH would have been a perfect opportunity to dump and cash in but nope. Something else just have been responsible. Definitely they will know the wallets are being tracked that's why they moved BTC to new wallets.

Since BTC is only used by the owner and only the hacker has access to the wallet, there's no way they can be caught. Let's hope the hacks reduces.

[mensahkkofie]

This is one of the reasons why I like blockchain network. Due to the transparent nature of this amazing technology, such activities can easily be monitored. Maybe we still need more security measures to get hold of such unsrupolous individuals. I guess that can happen in the very near future.

[Twinkledoe]

This is one of the reasons why I like blockchain network. Due to the transparent nature of this amazing technology, such activities can easily be monitored. Maybe we still need more security measures to get hold of such unsrupolous individuals. I guess that can happen in the very near future.

No matter how old is the hacking incident, we can still trace their transactions. They thought people already forgot such incident and no one is bothering to look at it at the moment. Unfortunately, it is so easy to check in this digital age with several blockchain services already at hand.

[Yakamoto]

This is one of the reasons why I like blockchain network. Due to the transparent nature of this amazing technology, such activities can easily be monitored. Maybe we still need more security measures to get hold of such unsrupolous individuals. I guess that can happen in the very near future.

No matter how old is the hacking incident, we can still trace their transactions. They thought people already forgot such incident and no one is bothering to look at it at the moment. Unfortunately, it is so easy to check in this digital age with several blockchain services already at hand.

It may be easy to follow what they're doing, but I think that it's unlikely we'll know their names or anything since there's still a lot of ways they can hide their identity from everyone and still get away with the money. At least, money that isn't Bitcoin. There's probably an exchange for some good or service happening, or they found a buyer and are dumping the coins to them at a reduced price. Maybe they'll get thrown through a mixer and then it'll be really difficult to find out where it's all gone.

It's good that the blockchain exists so we can ID transactions like this one, but I don't know how much it will matter. I guess everyone's waiting for a slip-up, or just watching the transactions unfold.

[TimeBits]

I know how he could get away scot-free and get it into fiat, I am not going to help him though launder his money.

[jimskiy]

I got news about bitcoin stolen and move to new wallet, I hope is not have big effect for bitcoin make lower price, always keep support and hope for any exchange added their security and safety for their assets.

[joeperry]

It's true that we shouldn't trust or leave any fund in the exchange not because they're going to run with the funds but they're always vulnerable to hackers. On the other hand I'm getting curious about this... what if they use a bitcoin mixer to transfer the funds? We all know that it's a big amount of bitcoin right? But what if they transfer it partially? Do you think it will be still traceable to discover where the bitcoins are?

Or maybe that's what they did.

[TimeBits]

It's true that we shouldn't trust or leave any fund in the exchange not because they're going to run with the funds but they're always vulnerable to hackers. On the other hand I'm getting curious about this... what if they use a bitcoin mixer to transfer the funds? We all know that it's a big amount of bitcoin right? But what if they transfer it partially? Do you think it will be still traceable to discover where the bitcoins are?

Or maybe that's what they did.

What if they donated the funds to streamers that they know? or to themselves, what if they used a mixer and started sending the funds to random addresses, how would we be able to tell if a random person just got some bitcoin and used it or if it was the hacker? You going to interrogate every person that gets some of those?
https://www.twitch.tv/sick_nerd/clip/CheerfulAmorphousLampPartyTime?filter=clips&range=7d&sort=time  (guy getting big btc donation)

you hacker send me some btc It is pay back from mine getting hacked guys.   J.K KYS YOU RUINED MANY LIVES I WISH DEATH UPON YOU MORON, you will see the negative you have imposed on all those lives and you will live it from their POV! give the coins back to the exchange twat! or exchange your next 50,000 lives as the peoples lives you effect and you steal your own money dummy HAHAHHAHAH

Just be careful police it is swatting 2.0 don`t shoot the wrong man.

[Akonobea]

Glad someone is actually watching these wallets to make sure hackers that have been found culprit of hacking are to bring to book in the future. Funny enough they think they were going to spend the money without anybody's notice. These days i am glad most OTCs actually enforce the performance of KYC. i know we would apprehend them in no time.

[serjent05]

It seems there is another movement of the said hacked Bitcoin, an article were published the other day titled : Stolen Bitfinex BTC Is on the Move on Coindesk.  It was assume that the move was connected to with the Bitfinex's LEO token.

Hard Fork posited that the move was connected with Bitfinex’s Leo token, which allows for the anonymous return of stolen funds

 
Though this allegation were denied by Bitfinex spokesperson Anneka Dew and said that they were not involved on the move.  

“We are not involved, and the movement is not tied to the procedure outlined in the UNUS SED LEO white paper,”

Well, if it is proven that Bitfinex have something to do with the movement of the fund, then this will be very  interesting story.  

[abstractednerve]

Why he waited this 3 years long time? did he lose his wallet? I don't think he waited to hide the transaction! Because he has enough knowledge about the blockchain transparency! Every major exchange has a hack story! Every year, exchanges are feeding billions of USD to the hackers, every time we keep telling not to store coins on exchange! But some people are too lazy to move the fund every day or one day a week! From Binance to huobi, no exchange is safe! Everyone should earn and spend 100 USD to buy a hardware wallet because hardware wallets are safer than any kind of wallets!

[Adriano2010]

I also don't know why he wait 3 years, he should try a mixer before. But indeed most of exchanges has been hacked and people lose money but on Binance people not was affected because exchange covered the stolen coins. I have hardware wallets and never had any problem.