The hacker responsible for stealing $70 million worth of bitcoin from Hong Kong-based cryptocurrency exchange, Bitfinex, has started to move the ill gotten coins to various addresses on the Bitcoin network.
Over the past two days, the thief has moved approximately 876.82 BTC ($806,674.4 at today’s exchange rate) in a 196 different transactions, according to transaction data compiled by blockchain enthusiast, Chris Ellis.
Bitfinex has responded on Twitter by offering a sizable bounty to anyone with information that results in the recovery of the stolen funds.
Stolen August #Bitcoin are on the move. Please help us track. We'll offer 5% bounty on every BTC recovered. https://t.co/8n5920UC0A
— Bitfinex.com (@bitfinex) January 27, 2017
The crafty maneuvers of the Bitfinex hacker is also being tracked by blockchain forensics & compliance firms like Luxembourg-based Scorechain, which also alerted Bitfinex on the movement of the stolen coins.
BREAKING NEWS @bitfinex attacker moved yesterday at least 153 BTC - 137 000$ with 38 transactions #Cybercrime #BitcoinTracking #BitcoinAML pic.twitter.com/PEZZpvriXc
— scorechain (@scorechain) January 26, 2017
In a blog post in October of 2016, Bitfinex risk manager Giancarlo Devasini offered an “enormous bug bounty” to the hacker - payable in a privacy-centric cryptocurrency like Monero/Dash - in exchange for returning most of the stolen bitcoin, but no one has come forth so far.
