Bitfinex Hackers Move 2,477 Bitcoins To Unknown Cryptocurrency Wallets

A portion of the funds stolen from digital currency exchange Bitfinex in 2016 is now on the move. Hackers began moving 2,034 bitcoins on Wednesday and another 443 bitcoins on Thursday, transactions recorded on the blockchain revealed.

The 2,034 bitcoins were transferred to five different wallets and were worth a total of $21.6 million, Bitcoin.com reported. The website also detailed how the transfer happened in succession. The first one saw the movement of 389.94 BTC while the second transaction, which was 22 minutes later, was worth 400 BTC. One minute later, 399.31 BTC were again transferred. The next two transactions happened within a span of 10 minutes.

Another $4.6 million worth of bitcoins from the hack were transferred Thursday, Cointelegraph reported. This happened in two transactions of 435 BTC and 8 BTC. It means that this week alone, 2,477 bitcoins, worth $26.9 million, from the 2016 Bitfinex hack were moved, the report said.

Hackers stole a total of 119,756 BTC from Bitfinex on Aug. 2, 2016. It was worth around $66-$72 million at the time.

In August this year, four years after the hack, Bitfinex announced a reward of up to $400 million for anyone who can connect the company to the hackers. It also offered rewards to the hackers if they voluntarily surrendered the stolen cryptocurrencies. A person who connects Bitfinex to the hackers will be entitled to 5% of the total funds recovered.

If the hackers surrendered the bitcoins themselves, they would be entitled to 25% of the total recovered account. The hackers can prove themselves by transferring 1 Satoshi (1 Sats or 0.00000001 BTC) from one of the wallets associated with the hack to another wallet specified by Bitfinex.

The company said it would also ensure the privacy of the hackers.