$400 million bounty for anyone who discloses Bitfinex hacking information
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Answer $400 million bounty for anyone who discloses Bitfinex hacking information
Cryptocurrency exchange Bitfinex has offered up to $400 million as a reward to anyone who can provide the platform information or contact data to the hackers who stole 120,000 bitcoin in 2016 that are now worth $1.3 billion.
The reward will also be handed over to the pirates themselves if they progress according to what it says Advertising.
The advertisement also stated:
This incident is a dark chapter in the history of trading platforms.
We are pleased to offer this bonus as further evidence of our determination to obtain the lost property.
Whoever connects Bitfinex with hackers, will get five percent of the recovered bitcoin.
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The hackers themselves will receive 25% of the bitcoins they return.
This means that the rewards combined will amount to about 30% of the bitcoins stolen, which is estimated to be around $400 million.
Bitfinex noted in the announcement:
Recent hacking incidents in Twitter and Ledger demonstrate that this type of crime continues to be a threat to all businesses in the cryptocurrency space and the broader tech space.
No one in our society can be satisfied with the attack of criminal gangs to perpetuate new types of fraud.
We previously mentioned in the Arab Bitcoin that the stolen funds from the Bitfinex hack moved from time to time.
In June 2019, 720 bitcoins were transferred, and just last month another 2,550 bitcoins were sent from one address to another.
The Bitfinex hack in 2016 was caused by an issue with multi-signature Bitfinex wallets, which required multiple people to authorize a transaction before it could happen.
The platform also uses the BitGo wallet for additional security.
But despite these tight security measures, bitcoin has been stolen from many client wallets, even those with two-factor authentication.
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The hack affected the price of Bitcoin as the price of the coin then dropped by 20%.
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