Crypto News

Bitfinex Offers Up to $400M For Information Leading to BTC Stolen in 2016

Bitfinex wants to recover Bitcoin stolen from them in 2016, even if that means paying to find the hackers responsible for the attack.

Crypto exchange Bitfinex is offering up to $400 million to anyone who can lead them to the hackers who stole over 120,000 Bitcoin (BTC) in August 2016.

According to the company’s post on August 4, they are even willing to reward the hackers themselves. The people behind the 2016 attack breached the security systems of Bitfinex and managed to complete around 2072 unauthorized transactions. The company clarified that this is their “latest effort” to recover these stolen funds.

Bitfinex explained how the reward will work:

“Those who put Bitfinex in contact with the hacker will receive 5% of the total property recovered (or equivalent funds or assets at current market values), and the hackers will receive 25% of the total property recovered (or equivalent funds or assets at current market values). Any payments made to those connecting Bitfinex with the hackers and the hackers themselves will be classified as costs of recovery of the stolen property.”

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