More and more moved Bitcoins from "Bitfinex Hack 2016" to unknown wallet-adress

Kingston

Member
It is shows as sweep transaction with same type of BTC address, starts with 3) according to blockchair.com explorer.

I don't care much about the price effect from the address.

  • It is not a big one on exchange to create any long lasting effect. What I see interesting is how they will move their coins next steps.
  • I would like to observe and also learn about their strategies to mix and blur their coin on the network transaction history. As you see, for now their transaction is marked as low privacy score - of course it is a subjective score algorithm from the explorer.
  • FUDs from the new, I don't see it because of above reasons.

If victims already was compensated from Bitfinex, and if nothing to find real people behind the hack.
 

Maxwell

Member
If that unknown wallet is not owned by a third party like an exchange, there might be no way to intercept, freeze, or confiscate those Bitcoins. And it is highly improbable for the hackers to commit that very basic mistake. So the Bitfinex hack victims are all like a helpless audience looking at their money flowing from one wallet to another.

By the way, are the authorities still pursuing these stolen Bitcoins?
 

Stone

Member
If that unknown wallet is not owned by a third party like an exchange, there might be no way to intercept, freeze, or confiscate those Bitcoins. And it is highly improbable for the hackers to commit that very basic mistake. So the Bitfinex hack victims are all like a helpless audience looking at their money flowing from one wallet to another.

By the way, are the authorities still pursuing these stolen Bitcoins?
This is the flip side of decentralization. The whole world can only watch the movement of the bitcoins stolen from the exchange in 2016, and no one can do anything to return the stolen money. Bitcoins began to be transferred to other wallets, apparently for their partial cashing. Indeed, during this time, their price has grown from $ 78 million to the current $ 1.3 billion. It would be foolish to hope that these bitcoins will be transferred to exchanges or exchangers where the identity of their owner exists.
I also hope that law enforcement agencies are also monitoring the movement of stolen bitcoins in order to catch hackers on possible mistakes.
 

Jesus

Member
It's hard to redeem that money without getting noticed. The hackers would move it slow and to so much many address that it would get difficult for the people to keep a track and maybe make them go through some mixtures to turn the coins white. They would ofcourse not used any centralized exchanges as they'll easily get caught at the moment.
 

Ivan

Member
It seems to me that you pay too much attention to this. Why do you need to know who they are sending these funds to?
Found the hacker. You cheeky fellow.

It's interesting because it's one of the most famous hacks of all time and by following the coins we may find out their eventual fate as well. Along the way we may learn how on it law enforcement and exchanges are about this type of thing.
 

Juan

Member
Bitfinex must have been following its trail. They must be interested to the end result of it. Hackers are not that stupid to send it to an exchange but it would give us a good laugh if the hacker would.

If that unknown wallet is not owned by a third party like an exchange, there might be no way to intercept, freeze, or confiscate those Bitcoins. And it is highly improbable for the hackers to commit that very basic mistake. So the Bitfinex hack victims are all like a helpless audience looking at their money flowing from one wallet to another.

By the way, are the authorities still pursuing these stolen Bitcoins?
The last wallet where the coins are looks not a 3rd party for something they could make a transaction to go out somewhere. I have read there is a market for this kind of coins but that would be too risky for the buyer. Is anyone also in here rooting for the to succeed?
 

Kaiden

Member
If victims already was compensated from Bitfinex, and if nothing to find real people behind the hack.
They actually did, Bitfinex takes ‘great pleasure’ in returning funds from 2016 hack.

But I think it's better that this criminals be caught and put to jail, isn't it? That is justice and probably they are pursuing it for all we know. And if they are caught, this are going to send messages to cyber criminals as well that sooner or later the long hands of the law will get them.
 

Diego

Member
If that unknown wallet is not owned by a third party like an exchange, there might be no way to intercept, freeze, or confiscate those Bitcoins. And it is highly improbable for the hackers to commit that very basic mistake. So the Bitfinex hack victims are all like a helpless audience looking at their money flowing from one wallet to another.

By the way, are the authorities still pursuing these stolen Bitcoins?
This is the flip side of decentralization. The whole world can only watch the movement of the bitcoins stolen from the exchange in 2016, and no one can do anything to return the stolen money. Bitcoins began to be transferred to other wallets, apparently for their partial cashing. Indeed, during this time, their price has grown from $ 78 million to the current $ 1.3 billion. It would be foolish to hope that these bitcoins will be transferred to exchanges or exchangers where the identity of their owner exists.
I also hope that law enforcement agencies are also monitoring the movement of stolen bitcoins in order to catch hackers on possible mistakes.
This is the negative side of a currency which cannot be confiscated nor reversed. That is why we should be very careful and extra cautious in making every single Bitcoin transaction. In this case, the hackers got the better of Bitfinex and made their users helpless victims.

I agree that the law enforcement agencies are now put into a situation where they can do nothing except keeping track at the funds' movements hoping that the criminals will commit at least a single mistake.
 

Giovanni

Member
While it's sad to see scams around, I'm sometimes surprisef to see how some people react so negatively towards these kind of news as if BTC is to be blamed. To be honest, I'd rather have them sell the coins than consider them "lost" and have them sell a decade later. The more time passes, the more these coins are going to probably be worth.. hence, the more of a psychological effect it'll have over weaker hands and people who think scams only happen in BTC.
 

Cole

Member
Recently there was a report about Ukraine arrests gang who ran 20 crypto-exchanges and laundered money for ransomware gangs. And as this came out recently, I think this is one way in which those criminals are cashing it out, through this flight by night exchanges that most of us are not familiar but only the criminals.

And the Bitfinex hacks bitcoin is still on the move, I saw one report about a couple of days ago. So I guess they are desperate right now to get their hands on this money and will do everything to cash them without leaving any digital footprints.
 
Top