Crypto robber sends out over $5 million worth of stolen Bitcoins

In 2016, Bitcoin worth billions of dollars was stolen from the Bitfinex crypto exchange. Recently, cyber robbers moved some of the loots between wallets, as seen by Nairametrics.

• Data retrieved from Blockchain data revealed an unknown crypto robbery mob has moved 270.97974 Bitcoin from a wallet associated with the Bitcoin robbery.
• The sum is estimated to be worth over $5 million at the time of writing this publication.
• The wallet address 1GytseWXyzGpmHkcv9uDzkU9D8pLaGyR5x is linked to the cyber robbery that occurred in 2016.

What you should know

• In 2016, a top official at Bitfinex, in a statement credited to Reuters, disclosed that 119,756 Bitcoins were stolen from users’ accounts.
• To date, the BTC robbers responsible for these heist have only been able to move only 1-2% of the funds from the exchange.
• It should be noted that Bitcoin is not really anonymous, because all BTC transactions are kept permanently and publicly on the blockchain or ledger system. So, it’s very easy for anyone to see the transactions and balances of any BTC address.

What this means

Blockchain security and security agencies have flagged the BTC wallets containing the stolen BTCs, making it very difficult to move the 119,756 BTC without being noticed.