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77.644901 BTC (796,638 USD) of stolen funds was transferred from a Bitfinex Hack 2016 to an unknown wallet this past week.
⚠ 77.644901 #BTC (796,638 USD) of stolen funds transferred from Bitfinex Hack 2016 to unknown wallet
— Whale Alert (@whale_alert) June 2, 2020
Tx: https://t.co/OiI0U69hbn
The thieves last moved about $255,000 or 28.4 BTC on May 22, in deals that appear timed to coincide with every spike in the price of bitcoin.
BTC scaled past $10,000 on Tuesday, rising above the psychological point for the first time since the scheduled supply cut on May 11.
- Hackers Move Another $800K Stolen From 2016 Bitfinex Breach
- Crypto Criminals Have Already Stolen $1.4 Billion in 2020
On Tuesday, the blockchain analytics firm said fraudsters, malicious hackers and thieves have amassed $1.36 billion in ill-gotten crypto through the first five months of 2020. CipherTrace published the findings in its June 2020 crypto anti-money laundering and crime report.
That hefty haul puts 2020 on track to become the second-costliest year in the history of crypto, behind 2019’s record $4.5 billion, but likely ahead of 2018’s $1.7 billion, the firm estimates.
This year’s running total largely comes from a single fraud: Wotoken. The massive Chinese multi-level-marketing scheme stole $1.09 billion in 2018 and 2019, but only came to light last month. CipherTrace said Wotoken’s funds – 46,000 bitcoin (BTC), 2.04 million ethereum (ETH), 292,000 litecoin (LTC), 56,000 bitcoin cash (BCH) and 684,000 EOS (EOS) – are still on the move.
- The Sun: 'Twitter Profiting From Bitcoin Scam'
- $5 Million Reward Offered for Venezuela Superintendent of Crypto
- Bitcoin to Rise to $20K This Year Spurred by Government Money Printing and Covid-19: Bloomberg
- Bitcoin Price Looks Like a Carbon Copy of Gold
- Jagajeet Chiba, Gambling911.com
