Check the Crypto Market Today:
The United States (US ) government recently conducted a massive transaction with Bitcoin seized from the Bitfinex crypto exchange hack case in 2016. In less than two hours, the US government moved nearly $923 million worth of Bitcoin to an unknown address.
Reporting from CoinSauce, this transaction consists of four stages involving two different wallets. The first wallet, known as the Bitfinex Hacker 1 wallet, starts the process by sending 1 BTC to another address. Then, this wallet emptied the remaining contents, which is 2,817 BTC (approximately Rp 44.2 billion), to the same address.
The second wallet, called the Bitfinex Hacker 2 wallet, does the same. This wallet sends 0.01 BTC (around Rp 157 thousand) to another address, and then sends 12,300 BTC (around Rp 193.1 billion) to the same address. This recipient address then divides the Bitcoin into several other unknown addresses.
Purpose of Bitcoin Transfer
It is not yet known what the purpose and motive behind this transaction is. The U.S. government has not given an official statement on the matter. However, speculation arose that the US government might want to sell the Bitcoin on the market or use it for covert operations.
The Bitfinex hack case is one of the biggest security incidents in crypto history. In August 2016, hackers managed to steal around 120,000 BTC (around Rp 1.9 trillion at the time) from the Bitfinex crypto exchange. The hacker then transferred the Bitcoin to several different wallets.
Also Read How to Buy Crypto:
One of the main suspects in the case is Ilya Lichtenstein, an Israeli citizen who was arrested by US authorities in November 2020. He is suspected of being involved in money laundering and fraud by using Bitcoin stolen from Bitfinex. He also allegedly collaborated with Heather Morgan, a US citizen who was also arrested the same month.
Conclusion
Bitfinex itself has attempted to recover lost Bitcoins by offering rewards to anyone who can provide information or help recover the asset. In February 2019, Bitfinex announced that it had successfully recovered approximately 27.7 BTC (approximately USD 435 million at the time) from the US government, which was part of the Bitcoin seized from Lichtenstein and Morgan.
Check Crypto Price Today:
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and secure way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is Rp10,000. After that, then you can make a crypto asset purchase in the application. Learn the Complete Guide on How to Buy Crypto on Bittime.
Monitor the price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
Bitcoin Analysis: The Effect of the United States Election on Bitcoin Price
Rising Rapidly, Bitcoin Price Breaks 50 Thousand US Dollars
What is Wrapped Bitcoin (WBTC)? Bridging Bitcoin to the DeFi World
DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.
Comments
0 comments
Please sign in to leave a comment.