170 Stolen Bitfinex's BTC to Moved to Unknown Wallet

Exchanges was hacked back in 2016, about 120k BTC were stolen; most of the big players in the market marked the funds as “undesirable”
07 June 2019   555

Funds on Bitcoin wallets used to store assets stolen from the Bitfinex exchange suddenly began to move.

So, at the moment, five transactions from wallets called “Bitfinex Hack 2016” were noticed. Bitcoins worth over $ 1.3 million were transferred to unknown addresses.

In August 2016, as a result of hacking, Bitfinex lost almost 120,000 BTC and was forced to suspend work.

At the beginning of 2017, more than 800 bitcoins stolen from the exchange began to move and were found at other sites.

Most of the major players in the market noted the funds as “undesirable” and for a long time the bitcoins remained where they were placed after the hacking.

Nevertheless, this year bitcoins have already moved - in April, 550 BTC started moving. It is noteworthy that this happened shortly before the prosecutor's office of the State of New York charged the exchange with the fact that it concealed the fact of loss of about $ 850 million, using the means of the issuer of steylkoina Tether to cover the damage.

CFTC to Approve LedgerX's Deliverable BTC Futures

At the same time, another platforms such as Bakkt, ErisX and Seed CX still awaiting regulatory approval
26 June 2019   63

Cryptocurrency derivatives provider LedgerX LLC has received a license from the Authorized Derivatives Market (DCM) from the US Commodity Futures Trading Commission (CFTC), which will allow it to launch the country's first bitcoin futures.

Deliveries for deliverable futures are made in the underlying asset, not in fiat funds. Thus, LedgerX outstripped the Bakkt, ErisX and Seed CX platforms, which are still awaiting regulatory approval.

At the same time, LedgerX intends to launch the Omni platform for trading options, swaps, and bitcoin futures for retail investors, since at the moment it does not see enough interest from institutional market participants.

However, it should be added that some experts have already expressed fears that the nature of the license received will not allow LedgerX to provide margin tools to customers, and Bakkt should have such functionality.

Recall about the intentions to obtain the appropriate permission and overtake competitors LedgerX said in April.