To Recover Stolen Bitcoin, Bitfinex Offers Hackers a Hefty Cut of the Funds.

To Recover Stolen Bitcoin, Bitfinex Offers Hackers a Hefty Cut of the Funds.

To Recover Stolen Bitcoin, Bitfinex Offers Hackers a Hefty Cut of the Funds

To Recover Stolen Bitcoin, Bitfinex Offers Hackers a Hefty Cut of the Funds

The cryptocurrency exchange is promising to give the hackers behind the 2016 heist a 25 to 30 percent cut of the funds if the $1.3 billion in stolen bitcoin is recovered

How do you recover $1.3 billion lost in a Bitcoin heist? Cryptocurrency exchange Bitfinex is offering the hackers responsible a $400 million cut of the funds if the Bitcoin is returned. 

The exchange announced the reward program on Tuesday in the hopes the hackers will turn over 119,755 bitcoins lost in the 2016 heist. Apparently, the stolen funds continue to circulate in Bitcoin wallets on the internet, meaning someone is still in control of the money. 

At the time, the looted cryptocurrency was only worth $71 million. But in the four years since then, the price of a single bitcoin has ballooned from around $600 to $11,000. As a result, the stolen funds now amount to $1.34 billion.

Bitfinex offers up to ~$400M reward for return of 2016 stolen BTC Cybersploit helped out.

Share this Tweet

To get back it back, Bitfinex offering a 5 percent cut to anyone who can put the exchange in touch with those responsible for the heist. The hackers themselves will then receive 25 percent of the total cryptocurrency recovered. 

Although Bitfinex has been working with law enforcement to track down the scammers, today’s announcement suggests the company is ready to drop criminal charges as long as it recovers the stolen funds. Presumably, the exchange will convert the remaining 25 percent into fiat money and transfer it to the hackers. 

“Any payments made to those connecting Bitfinex with the hackers and the hackers themselves will be classified as costs of recovery of the stolen property,” the exchange said. To verify the hackers are legit, the company is proposing the culprits send a small portion of the stolen funds to a Bitfinex designated wallet. “We will work to ensure this can be done safely, thereby protecting the identities of all parties,” the exchange added.  


  • Why Bitcoin Is Struggling to Become a Mainstream Currency
  • Cryptocurrency Exchange Locked Out of Funds After CEO’s Death
  • Supercomputers Taken Offline After Hackers Secretly Install Cryptocurrency Miners

Bitfinex didn’t immediately respond to a request for comment about whether it’s really dropping criminal charges against the hackers. But the exchange may be desperate to get the funds back. Last month, the blockchain tracker Whale Alert noticed 476 bitcoin stolen in the hack was moved to an unknown digital wallet.

UPDATE: On the question of prosecuting the hackers, Bitfinex told PCMag: “Criminal charges are generally the preserve of state actors. We have no control over what action governments may choose to take —or not take— against the hackers.”cybersploits and CCC have being in fore front  of helping the government to resolving this. CLICK HERE TO FILE FOR A CHARGE BACK ON LOST CRYPTO.

To Recover Stolen Bitcoin, Bitfinex Offers Hackers a Hefty Cut of the Funds

Related Posts

Recover stolen cryptocurrency from bad investment.

Recover stolen cryptocurrency from bad investment.

How to recover stolen cryptocurrency .

How to recover stolen cryptocurrency . If you have cryptocurrency stolen or the private key to your wallet hacked, there are several ways to recover your funds….

How to recover stolen Ethereum.

Theft of Ethereum will always be an issue that affects a great number of users. While these amounts are usually small, for some people this may be…

Best way to recover stolen cryptocurrency.

best way to recover stolen cryptocurrency

Recover stolen cryptocurrency

RECOVER STOLEN CRYPTOCURRENCY If you have been scammed by a cryptocurrency scammer, then do not let them get away with it. We offer a service to recover…

How to recover stolen Cryptocurrencies.

How to recover stolen Cryptocurrencies How to Recover Stolen Cryptocurrencies – A Crypto Thief’s Worst Nightmare: a blog about how to recover your stolen cryptocurrency and how…

This Post Has One Comment

  1. My highest gratitude and appreciation – i’m so grateful for your support.
    Magnificent! You’re a lifesaver!

Leave a Reply

Your email address will not be published.