Some of the 119,756 bitcoin coins stolen from Bitfinex crypto exchange in 2016 started to move again.
According to a series of tweets posted by Whale Alert on July 27-28, wallet addresses are known to be associated with one of the biggest violations during the Bitcoin 3503 (BTC) exchange period – worth about $ 38.7 million – in 12 transactions.
The largest single move was at 476.32 BTC, or approximately $ 5.2 million, while the smallest movement was 2.612703 BTC, or $ 28,849.
Billions move slowly in cryptography
So far, the hackers responsible for disabling Bitfinex only transferred 1-2% of the money they stole from the stock exchange in August 2016. HODLing's strategy seems to be paying off, as the transfer was only worth $ 72 million at the time. It is now worth $ 1.3 billion.
The potential impact of many coins that are dumped on the crypto market can be a problem. However, the price of Bitcoin didn't change much when the 50 BTC codes moved on older titles associated with Satoshi Nakamoto in May.
The lack of traffic may indicate that criminals have difficulty washing digital assets when stricter rules are applied. Cointelegraph reported in June that the 736 BTC from previous portfolio transfers related to piracy went to the Russian market for dark Hydra – some of which have already returned to Bitfinex.