Over 170 Bitcoins from the 2016 Bitfinex hack have been moved today over to another unknown wallet. Is the hacker attempting to wash the stolen funds, and if so, why now? Let’s take a look.
On August 3, 2016, leading crypto exchange, Bitfinex, suffered a devastating security breach which resulted in the loss of over 119,756 Bitcoins (approx $953 Million). At the time, it was the most severe crypto exchange hack to happen since the infamous Mt.Gox attack and sent the Bitcoin market crashing by 20% in a single day.