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Over 10,000 blacklisted BTC from 2016 Bitfinex hack on the move

Published 04/14/2021, 04:32 PM
Updated 04/14/2021, 06:20 PM
Over 10,000 blacklisted BTC from 2016 Bitfinex hack on the move

A tranche of long-dormant Bitcoin seized in the 2016 hack of the Bitfinex cryptocurrency exchange are on the move today, an over $620 million sum that has some market participants spooked and may be contributing to a downward slide for Bitcoin.

Blockchain analytics bot Whale Alerts was the first to raise the alarm, calling attention to a series of over five dozen transactions from wallets that have largely been inactive since the 2016 hack:

2016 Bitfinex hack summary as of June 2020. Source: Crystal.

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