Bitfinex on the Verge of Unmasking the Hacker who stole about 120,000 Bitcoins from the Site

Bitfinex on the Verge of Unmasking the Hacker who stole about 120,000 Bitcoins from the Site

Bitfinex, the popular Bitcoin exchange platform that dramatically lost about 120,00 bitcoins to a group so hackers last year, now says that it is actively tracking the movement of the bitcoins and that it is about to unmask the hackers behind the heist.

In a public statement, the company said that it is actively monitoring the movement of the coins and that it will only be a matter of time before it unmasks the identity of the people who carried out the heist and recovers all the coins that the hackers stole from the site.

According to Chris Ellis, who is in charge of community Liaison at the company, it appears that the hackers are now attempting to distribute the coins to various sites in a bid to get a favourable site that they can use to exchange the coins.

‘We have noted that the hacker has now started moving the coins in small amounts and on various exchange sites that are well known,’ he said in a statement.

He added that the company was monitoring the situation very closely.

Dre Samsen, the Team Leader for Applications at the site also reiterated these sentiments, saying that Bitfinex was determined to regain all the lost Bitcoins.

Samsen told the CNN that many famous exchange sites had decided to collaborate with Bitfinex by accurately identifying the stolen bitcoins and freezing them.

‘Many exchange sites are providing us with all the information whenever the hackers attempt to move the coins, and we can use the information to inch closer to recovering the coins and unmasking the hackers,’ he further said.

Bitfinex suffered what has now been described as one of the major Bitcoin-related hackings back in August last year. Although it is not yet clear how the hackers managed to access the site, it has been revealed that the hackers managed to steal more than 120,000 Bitcoins (valued at about $110 million) from the site.

Bitfinex believes that the heist was carried out by a team of professional hackers who took the time to plan for the job and execute it accurately meticulously.

‘We understand that this job was carried out by a team of highly trained professionals who took months to plan and execute it,’ the company said in a statement at the time.

Since the loss, the company has been working on a web of sophisticated transactions to reimburse its users of the lost money in a bid to save face. So far, the company says that it has managed to compensate its clients through a series of transactions that allows clients to own a stake in the company.