Bitfinex wants to recover Bitcoin stolen from it in 2016, even if that means paying to find the hackers responsible for the attack.
Bitfinex was founded in Hong Kong in 2012. Since then, it has become one of the largest platforms for cryptocurrency trading. The system is available in three languages: English, Chinese and Russian. To understand Bitfinex more fully, it is worth noting what the platform offers its customers. From its side, the exchange supports almost every form of input-output. There are handy trading and analytical tools that are easy to use. There are applications for both IOS and Android. However, the system also has some inconveniences. To secure the account and verify it as a real one, it is necessary to provide proof of a credit card and home address, with all of the document details provided already translated into English. Also, the only way to replenish an account without fees is just through Bitcoin.
The latest Bitfinex news concerns its announcement in August 2017 of exiting the American market because of the harsh legislation and regulatory environment.
Hackers transferred roughly $12M from wallets connected to the Bitfinex breach, in which 120,000 Bitcoin was stolen in August 2016.9311
Hackers have transferred roughly $38.7M out of $1.3B worth of Bitcoin from wallets connected to the infamous 2016 hack of crypto exchange Bitfinex.9565
Tether rose quickly to $9.1 billion in 2020 as supply doubled since March, but some of that is old money being repurposed into USDT.5348
The increasing use of HFT may help explain Bitcoin’s record low volatility.12625
Dogecoin sees fresh gains before correcting to $0.004 as Bitfinex appears to capitalize on TikTok excitement.19224
New York’s Supreme Court has rejected Bitfinex and Tether’s appeal in the ongoing dispute between the firms and the NY Attorney General over $850 million in lost funds.3832
Zhao Dong was taken in custody by the police with no official statement as to his detention.3878
Bitfinex has uploaded the code for a crypto-powered open-source P2P data streaming protocol to GitHub.4416
The number of Bitcoins held on exchanges continues to decline despite growing open interest in the futures markets.4491
Alex Mashinksy says that new equity investors, including Tether, will have no say in Celsius’ mission of sharing 80% of profit with its users.5531
Kraken has launched support for trading and funding in AUD six months after acquiring veteran Australian crypto exchange Bit Trade.4774
Many altcoin bulls are holding longs in spite of yesterday’s sudden down-turn in the Bitcoin markets. However, altcoin shorts are quickly rising too.5775
Bitfinex’s Bitcoin deposits diminished by 135,000 BTC and data appears to contradict the exchange’s rationale for this occurrence.6478
$1 billion worth of Bitcoin stolen from Bitfinex in 2016 could be dumped onto the market by the thieves, while apparently a few BTC found their way back to the exchange.5564