The stolen bitcoin moved from the hacked Bitfinex platform in 2016.

The hackers transferred bitcoin between unknown wallets in batches, the size of one batch is estimated at 10,000 bitcoin, according to the “Whale Alert” service.

Transactions worth $760 million:

As the data indicates, the first transaction was made today at 4:00 AM UTC.

A total of $383 million in bitcoin has been sent to an anonymous wallet ending in the letters “uxwczt.”

It has not yet determined whether the wallet is owned by some exchange or OTC wallet, but it has been consistently receiving smaller amounts of bitcoin since 2016.

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The second large transaction took place shortly after, with the hacker transferring the exact same amount of funds to the same address that had previously received another 10,000 bitcoins.

According to the transaction page of the stolen wallet “Bitfinex”, the hackers had already transferred a similar amount of funds in April 2021.

At the time, $623 million worth of bitcoin was transferred to an unknown wallet.

Could these transactions affect the market?

This transaction probably won’t be large enough to affect the price of bitcoin especially given that the daily volume of the bitcoin-related trading market has remained at around $1.5 trillion (including derivatives), so the $760 million transferred by the hacker shouldn’t have a huge impact. on the market.

It is also not known whether these currencies are destined for the market to be traded, or if they are just a transfer from an unknown wallet to another only.

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