<p>Whale Alert, a Twitter-based tracker of large cryptocurrency transactions, reported nine transfers of funds tied to the 2016 hack of cryptocurrency exchange Bitfinex.</p> <p>Bitfinex was hacked in August 2016, and the security breach resulted in the theft of almost 120,000 BTC — an amount valued at $72 million at then-current prices. The exchange later moved to <a href="https://techcrunch.com/2016/08/08/hacked-bitcoin-exchange-bitfinex-will-reduce-balances-by-36-to-distribute-losses-amongst-all-users/" target="_blank" rel="noopener noreferrer">socialize that loss</a> among its user base and create a token to as a means to reimburse those affected. Bitfinex <a href="https://www.coindesk.com/bitfinex-pledges-buy-back-remaining-hack-credit-tokens" target="_blank" rel="noopener noreferrer">bought back the last</a> of the so-called BFX tokens in April 2017.</p> <p>Since the hack, blockchain sleuths have tracked the movement of the stolen coins. On Monday, four Whale Alert pings were posted at 12:41 p.m. ET after a combined 531.93 BTC (approximately $5.76 million) was transferred.</p> <blockquote class="twitter-tweet"> <p dir="ltr" lang="en">⚠ 174.44 <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> (1,815,092 USD) of stolen funds transferred from Bitfinex Hack 2016 to unknown wallet<br /> <br /> Tx: <a href="https://t.co/VA64OqmQKT">https://t.co/VA64OqmQKT</a></p> <p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1287790098143236099?ref_src=twsrc%5Etfw">July 27, 2020</a></p> </blockquote> <p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> <blockquote class="twitter-tweet"> <p dir="ltr" lang="en">⚠ 86.266727 <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> (897,606 USD) of stolen funds transferred from Bitfinex Hack 2016 to unknown wallet<br /> <br /> Tx: <a href="https://t.co/3AGWw3LMve">https://t.co/3AGWw3LMve</a></p> <p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1287790100311691266?ref_src=twsrc%5Etfw">July 27, 2020</a></p> </blockquote> <p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> <blockquote class="twitter-tweet"> <p dir="ltr" lang="en">⚠ 183.55 <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> (1,909,875 USD) of stolen funds transferred from Bitfinex Hack 2016 to unknown wallet<br /> <br /> Tx: <a href="https://t.co/JfeLVTAoEA">https://t.co/JfeLVTAoEA</a></p> <p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1287790101834104835?ref_src=twsrc%5Etfw">July 27, 2020</a></p> </blockquote> <p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> <blockquote class="twitter-tweet"> <p dir="ltr" lang="en">⚠ 87.673599 <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> (912,245 USD) of stolen funds transferred from Bitfinex Hack 2016 to unknown wallet<br /> <br /> Tx: <a href="https://t.co/IcudHwVvE7">https://t.co/IcudHwVvE7</a></p> <p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1287790106116587521?ref_src=twsrc%5Etfw">July 27, 2020</a></p> </blockquote> <p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> <p>Over an hour later, at 1:49 p.m. ET, Whale Alert posted five more alerts for transactions totaling 2018.69 BTC (approximately $21.98 million).</p> <blockquote class="twitter-tweet"> <p dir="ltr" lang="en">⚠ 473.32 <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> (5,114,905 USD) of stolen funds transferred from Bitfinex Hack 2016 to unknown wallet<br /> <br /> Tx: <a href="https://t.co/btmsjyT1iN">https://t.co/btmsjyT1iN</a></p> <p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1287807437639221248?ref_src=twsrc%5Etfw">July 27, 2020</a></p> </blockquote> <p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> <blockquote class="twitter-tweet"> <p dir="ltr" lang="en">⚠ 448.72 <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> (4,849,029 USD) of stolen funds transferred from Bitfinex Hack 2016 to unknown wallet<br /> <br /> Tx: <a href="https://t.co/UEPfmH0uEk">https://t.co/UEPfmH0uEk</a></p> <p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1287807439895748620?ref_src=twsrc%5Etfw">July 27, 2020</a></p> </blockquote> <p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> <blockquote class="twitter-tweet"> <p dir="ltr" lang="en">⚠ 476.32 <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> (5,147,316 USD) of stolen funds transferred from Bitfinex Hack 2016 to unknown wallet<br /> <br /> Tx: <a href="https://t.co/2kqzfoYIA1">https://t.co/2kqzfoYIA1</a></p> <p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1287807441275629568?ref_src=twsrc%5Etfw">July 27, 2020</a></p> </blockquote> <p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> <blockquote class="twitter-tweet"> <p dir="ltr" lang="en">⚠ 320.34 <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> (3,461,772 USD) of stolen funds transferred from Bitfinex Hack 2016 to unknown wallet<br /> <br /> Tx: <a href="https://t.co/pUmYvGWtdD">https://t.co/pUmYvGWtdD</a></p> <p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1287807442693300224?ref_src=twsrc%5Etfw">July 27, 2020</a></p> </blockquote> <p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> <blockquote class="twitter-tweet"> <p dir="ltr" lang="en">⚠ 299.99 <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> (3,241,798 USD) of stolen funds transferred from Bitfinex Hack 2016 to unknown wallet<br /> <br /> Tx: <a href="https://t.co/3A8893y1b5">https://t.co/3A8893y1b5</a></p> <p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1287807444006117376?ref_src=twsrc%5Etfw">July 27, 2020</a></p> </blockquote> <p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> <p>As reported by Whale Alert, two fund transfers totaling nearly $5 million in BTC at then-current prices were moved on June 24.</p> <p>June 10 saw a total of 20 transactions take place, in amounts ranging from about $149,000 to more than $300,000.</p>