August 2016. Hackers pulled 119,756 Bitcoin out of Bitfinex, worth about $72 million at the time.
Every user on the exchange took a haircut that day, roughly 36% of whatever balance sat there, whether their funds were anywhere near the hacked wallet or not.
The coins sat mostly untouched for over five years. Then in February 2022, the DOJ traced a huge chunk of that stash to a New York couple and seized Bitcoin worth close to $3.6 billion, the largest financial seizure in the agency's history at that point. Both later pleaded guilty to money laundering.
Bitcoin's at $84,009 now. That stolen stack from 2016 is worth many multiples of the original $72 million, even after it took six years just to trace it.
Would you have noticed 120,000 BTC quietly moving in 2016?
Personal view, not advice. Do your own research.
#Bitcoin #Bitfinex
Every user on the exchange took a haircut that day, roughly 36% of whatever balance sat there, whether their funds were anywhere near the hacked wallet or not.
The coins sat mostly untouched for over five years. Then in February 2022, the DOJ traced a huge chunk of that stash to a New York couple and seized Bitcoin worth close to $3.6 billion, the largest financial seizure in the agency's history at that point. Both later pleaded guilty to money laundering.
Bitcoin's at $84,009 now. That stolen stack from 2016 is worth many multiples of the original $72 million, even after it took six years just to trace it.
Would you have noticed 120,000 BTC quietly moving in 2016?
Personal view, not advice. Do your own research.
#Bitcoin #Bitfinex