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As the price of BTC approaches the $11,000 resistance level, BTC thieves in less than 48 hours have stolen 3503 BTC worth $38.5 million.
This information was disclosed by advanced cryptic analytic tracker Wale Alert, in a series of tweets seen by Nairametrics. The recorded transactions occurred more than 12 times.
The biggest movement of tracked stolen BTC was 476.32, while the smallest movement tracked was 2.612703 BTC.
READ MORE: $30 billion worth of BTCs disappears forever
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⚠ 476.32 #BTC (5,147,316 USD) of stolen funds transferred from Bitfinex Hack 2016 to unknown wallet
— Whale Alert (@whale_alert) July 27, 2020
Back story: 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 heists have only been able to move only 1-2% of the funds from the exchange.
Data obtained from Coinmarketcap shows that the world’s flagship currency is trading very close to the strong resistance level around $11,000 with a market capitalization of about $201 billion.
READ MORE: Tether whales move USDT 110,000,000 in 1 hour
How easy is tracking BTCs? 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
