Bitcoin thieves and cryptocurrency thieves in general move what they have stolen from victims in times of high Bitcoin price and do so to achieve the largest possible profit.

Recently, Bitcoin thieves moved about 3,897 BTC in 7 transactions within an hour.

According to the platform whale alert Which is among the most prominent platforms for tracking blockchain transactions, 3,897 bitcoins were stolen from Bitfinex in 2016.

How easy is it to track bitcoin?

It should be noted that Bitcoin is not completely anonymous because all Bitcoin transactions are kept permanently and publicly on the blockchain, so it is very easy for anyone to see the transactions and balances of any Bitcoin address.

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Data from Coinmarketcap at the time these reports were drafted showed that Bitcoin was trading at around $10,768 with a total market capitalization of around $199.2 billion.

In 2016, Zan Takat, director of community and product development at Bitfinex, revealed in a statement added to Reuters that 119,756 bitcoins were stolen from user accounts.

Bitfinex added at the time that it had reported the theft to security agencies and was in contact with blockchain analytics firms to track the stolen bitcoin.

Accordingly, security agencies and blockchain tracking agencies have flagged Bitcoin wallets containing the stolen Bitcoin.

Which makes it very difficult to transfer 119,756 bitcoins unnoticed.

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