#EndSARS Twitter’s Jack Dorsey seeks support with Bitcoin

As the price of BTC approaches the $11,500 resistance level, Bitcoin robbers some hours ago, transferred part of their loot containing 119,756 Bitcoins worth $1.4 billion at today’s price.

This information was disclosed by advanced cryptic analytic tracker Whale Alert, in a series of tweets seen by Nairametrics. The recorded transactions occurred 4 times.

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Here are the most recent ones:

⚠ 2.777788 #BTC (32,265 USD) of stolen funds transferred from Bitfinex Hack 2016 to unknown wallet

Tx: https://t.co/lAhcLcm0cp

— Whale Alert (@whale_alert) October 15, 2020

⚠ 387.16 #BTC (4,497,055 USD) of stolen funds transferred from Bitfinex Hack 2016 to unknown wallet

Tx: https://t.co/6JKpjhY5kR

— Whale Alert (@whale_alert) October 15, 2020

⚠ 142.28 #BTC (1,630,938 USD) of stolen funds transferred from Bitfinex Hack 2016 to unknown wallet

Tx: https://t.co/Zc9hjluPBN

— Whale Alert (@whale_alert) October 15, 2020

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Backstory

In 2016, a top official at Bitfinex, in a statement seen by Nairametrics, disclosed that 119,756 Bitcoins were stolen from users’ accounts. To date, the BTC robbers responsible for those heists have only been able to move 1-2% of the funds from the exchange.

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At the time this report was written, Bitcoin traded at $11,508.92 with a daily trading volume of $20 billion. BTC price is up 0.9% in the last 24 hours. It has a circulating supply of 19 million coins and a max supply of 21 million coins.

READ: Bitcoin robbers move 3503 BTC worth $38.5 million

What you should know

It should be noted that Bitcoin is not really anonymous because all BTC transactions are kept permanently and publicly on the blockchain or ledger system. Hence, it’s very easy for anyone to see the transactions and balances of any BTC address.

Explore Data on the Nairametrics Research Website

What this means

Blockchain security and security agencies have flagged the BTC wallets containing the stolen BTCs, making it very difficult to move the 119,756 BTC without being noticed.