Bitfinex hackers transfer $4.1 million worth bitcoin to an unknown wallet.

Bitfinex hackers from four years ago continue to cash out. The hackers transferred the equivalent of $4.1 million in bitcoin to an unknown wallet address.

According to the Whale Alert report, Bifinex hackers from four years ago moved 416 bitcoins on June 11. The funds that valued at $4.1 million at the time of the transaction were sent in 20 separate transactions, each bearing between 15 and 33 to an unknown wallet. According to reports, this is the biggest payday yet for the hackers. When the stolen money first moved in June and August last year, about 170 bitcoins and 300 bitcoins worth around $2.3 million and $2.7 million at the time, respectively, flowed.



Hackers have been moving stolen funds for a long time. 

The hackers of Bitfinex have been moving their funds quietly and in small amounts for a long time. More recently, the hackers last moved $800,000 worth bitcoin on June 2. Another transfer of 28.4 BTC worth $255,000 was executed on May 22. The coins are likely sold to unsuspecting buyers off the market. It seems like these transactions are carried out in small quantities to provide a false sense of security. The transactions are typically timed to coincide with every increase in the price of bitcoin as it spiked sharply on Wednesday to just under $10,000, but the leading cryptocurrency once again faced strong resistance at that key level. 


Hackers stole 12,000 BTC from Bitfinex in 2016. 

Hackers had managed to get away with 120,000 bitcoins from the Hong Kong-based crypto exchange Bitfinex in 2016. At the time of the hack, bitcoins were valued at $72 million, but that bitcoin’s stash is worth over $1.1 billion at current prices. Since then, the hackers have been chipping away at the multi-million stash quietly. However, earlier last year, the exchange revealed that they had recovered 27 bitcoin, worth over $100,000 at the time of writing. Bitfinex noted that 27 bitcoins were recovered with the help of US law enforcement. 

Jai Pratap
Jai Pratap
A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.

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