Bitfinex offers reward of up to $400M for return of Bitcoin stolen in 2016 hack

posted about 2 months ago
Cryptocurrency exchange Bitfinex is offering a reward of up to $400M for the return of Bitcoin stolen from the exchange in a hack in 2016. The hack involved the theft of ~120k Bitcoin worth $66M, today worth $1.3B.

The company later 'socialized' the loss, deducting 36% of the Bitcoin balances of its customers to cover the loss and issuing a new token called BFX that had a theoretical value equal to the amount each customer lost as compensation. “In order to confirm the identity of the hackers, we will request that 1 Satoshi is sent from the wallet address responsible for the hack to a wallet address specified by Bitfinex,” the company said.
Tags: bitcoin, blockchain, news