BitcoinExchanges

Bitfinex offered hackers 30% for the return of 120K BTC stolen in 2016

Cryptocurrency exchange Bitfinex offered hackers, who hacked the exchange in August 2016 and stole 120,000 BTC, 30% of the “compensation” of the amount returned.

The exchange management clarified that the reward will be sent at the current BTC rate if the stolen bitcoins are fully returned. As part of this initiative, the exchange is ready to leave a part to the hackers if they agree to return the stolen goods to the exchange. Anyone who links Bitfinex with hackers will receive 5% of the refund, and hackers will receive 25%. The exchange called this share an associated cost. 

To make sure that the exchange really interacts with those hackers, they must send 1 Satoshi to the exchange from the wallet involved in the exchange hacking, and Bitfinex, for its part, will ensure the confidentiality of all transactions.

To date, the value of bitcoins stolen from the exchange on August 2, 2016 is about $ 1.344 billion after deducting the funds already returned. Last February Bitfinex received about 28 BTC from US law enforcement. The 30% reward for hackers and intermediaries for Bitcoin returns will be around $ 400 million.

“This incident is a dark page in the history of our site. We are ready to offer a reward, and this is our last attempt to recover the stolen coins, ”- stated in the announcement of the exchange.

The stolen bitcoins first began moving around almost three years after the Bitfinex hack. According to Whale Alert, in June 2019, criminals transferred 172.54 BTC from their wallet, while hackers moved another 77.6 BTC last month .

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