Behind the Scenes of the Bitfinex Scandal: How an Ordinary Married Couple Managed to Steal 119,754 Bitcoins
In the cryptocurrency world, the cyber attack on the Bitfinex exchange in 2016 went down in history as a digital robbery that attracted the attention of millions of people at the time and still has repercussions. In this content, we dive deeper into this incident.
Bitfinex is a platform founded in 2012 and is among the world's largest cryptocurrency exchanges.
Headquartered in Hong Kong and founded by Giancarlo Devasini and Raphael Nicolle, Bitfinex experienced a rather unpleasant incident in 2016
A hacker noticed the vulnerability in the system before Bitfinex and took advantage of the opportunity without hesitation.
The total value of the stolen Bitcoins was around $72 million at the time. Its value today is around $7.6 billionâŠ
The cyber attack we mentioned was carried out in the years when interest in Bitcoin was just beginning to take shape.
In other words, this incident affected not only investors using the Bitfinex exchange, but all investors.
The person who carried out the attack, after performing the transaction, directed the Bitcoins to different wallets in order to lose track of them and did not touch them for a while.
In this way, although he managed to mislead security experts and authorities for a long time, the money started to move in small amounts in the following years, which changed things.
