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The cyber-thieves of the Bitfinex hack of four years ago continue to cash in, this time by transferring the equivalent of $ 4.1 million in bitcoin to an unknown wallet address.
Whale Alert Cryptographic Monitoring Tool relationships that hackers moved 416 bitcoins (BTC) on June 11. The funds, valued at $ 4.1 million at the time of the transaction, were sent in 20 separate transactions, each containing between 15 and 33 BTC.
This is perhaps the biggest payday for hackers. When the stolen money first moved in June and August 2019, around 170 BTC and 300 BTC were in circulation worth around $ 2.3 million and $ 2.7 million respectively.
More recently, the thieves last moved $ 800,000 or 77.64 bitcoin on June 2. Another 28.4 BTC transfer worth $ 255,000 was made on May 22nd. Coins are likely sold to unsuspecting off-market buyers.
Never made in small quantities to provide a false sense of security, transactions are typically timed to coincide with each increase in the bitcoin price. BTC rallied sharply to just under $ 10,000 on Wednesday, but the benchmark cryptocurrency once again faced strong resistance at that key level.
The digital asset has since plummeted nearly 6% to $ 9,331 in the past 24 hours, according to data from markets.bitcoin.com. Bitcoin has repeatedly struggled to break through the $ 10,000 barrier since the May 11 supply cut event, also known as the halving.
Point is considered to be the key to unlocking the long-awaited bull run, something that tended to come with every previous halving.
All three transfers by Bitfinex hackers in the past three weeks have occurred almost simultaneously with the price of BTC threatening to rise over $ 10,000.
Hackers have dented their multi-million dollar stash since they escaped 120,000 BTC from the Hong Kong-based cryptocurrency exchange Bitfinex in 2016. Valued at $ 72 million at the time, that bitcoin stash is worth over $ 1. , 1 billion at current prices.
What do you think of the moves of the Bitfinex hackers? Let us know in the comments section below.
Image credits: Shutterstock, Pixabay, Wiki Commons
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