On January 4, 2024, the largest transaction in the history of cryptocurrencies took place. BTC movement was recorded. The details of this historic transaction were revealed by an analyst at Maartunn. He is a representative of CryptoQuant.
Transaction Details
So, on January 4, 210,010 BTC was transferred. As of January 4, the transaction amount exceeded $9 billion. The transaction was recorded in block 824239. It is important to note that the transaction itself involved a fairly large distribution of 6,000 coins. Note that the balance (like change) in the amount of 204010 BTC was returned to the original address.
Another interesting detail. It was determined that the address provided was cold storage for the Bitfinex cryptocurrency exchange. It turns out that another part of the stolen funds has surfaced.
A little history
Let me remind you that in August 2016, the Bitfinex exchange was subject to a hacker attack. 120 thousand Bitcoins were withdrawn from her accounts. At that time, the damage amounted to $72 million. You understand that today the amount is many times higher. At the time of writing, the amount was $5238456000. After this incident, the exchange suspended its work. But she was able to cope with the difficulties and started up.
In February 2019, the US authorities managed to return 27 thousand Bitcoins to the exchange. In February 2022, they contacted the couple living in New York. They found access codes to a wallet where 94 thousand coins belonging to Bitfinex were stored.
The owners of the exchange claimed that security had been restored. All funds are protected. But recent events cast doubt on the reliability of Bitfinex's security system. After all, access to funds is limited.
Thus, the largest transaction in the history of cryptocurrencies made not only clients of the Bitfinex exchange, but also all major market players, think and be wary. First of all, the excitement is due to the fact that the attackers wanted to collapse the Bitcoin rate. In addition, you need to pay attention to the security of funds stored in exchange wallets.
But, apparently, the situation is becoming clearer. Bitfinex exchange employees have all the necessary tools to enhance protection. Let's hope there won't be any major thefts in the future.
