Share this article
Bitfinex Offers $3.6 Million Bounty in Bid to Recover Stolen Bitcoin
Bitfinex is reportedly offering a reward worth up to $3.6m for the recovery of bitcoins stolen from its exchange.
By Stan Higgins
Updated Sep 14, 2021, 1:59 p.m. Published Aug 10, 2016, 7:05 p.m.
Make us preferred on Google
Bitfinex is reportedly offering a reward worth up to $3.6m for the recovery of bitcoins stolen from its exchange last week.
The Hong Kong-based startup lost nearly 120,000 BTC in the incident (an amount worth roughly $71m at press time), and now suggests it's willing to offer 5% of these funds (or about 6,000 BTC) as a reward should they be found and returned.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The news came social media today in a post by Bitfinex community director Zane Tackett. In response to a question about the existence of such a program, he stated that a bounty would be awarded to anyone who had information that helped the exchange recover the funds.
Tackett said:
"[Five percent] of recovery and for information leading to recovery (but no bounty if no recovery); if multiple persons lead to recovery, share pro rata."
Bitfinex resumed trading earlier today, just over a week after it shut down in the wake of the theft.
Money rain image via Shutterstock
More For You
Small investors are buying bitcoin. For a rally to succeed, the whales need to join in.
Small wallets have increased their BTC holdings by 2.5% since October's all-time high while large holders trimmed 0.8%, Santiment data shows.
What to know:
- Bitcoin wallets holding less than 0.1 BTC have increased their share of supply to the highest since mid-2024 even as the price holds around the mid-$60,000s.
- Larger holders with 10 to 10,000 bitcoins — the whales and sharks that typically drive major moves — have reduced their positions since the October peak.
- The divergence supports choppy, fragile price action because retail demand alone cannot sustain rallies when big wallets are distributing into every recovery.
Top Stories
