Popular cryptocurrency trading platform Bitfinex has just offered a reward of up to $400M in an attempt to recover the 120,000 Bitcoins it lost during a hacker attack in 2016.
According to a statement shared by the exchange on Tuesday, it has decided to "offer a reward to any persons that connect us with hackers responsible for the unauthorized transfer of almost 120,000 bitcoins from the exchange in August 2016. As part of the same initiative, Bitfinex is also offering a reward to the hackers themselves for the return of the stolen property."
At the current price of Bitcoin of around $11,000, the reward represents about 30% of the stolen Bitcoins. According to Bitfinex:
"The aggregate rewards available under this program could be worth up to approximately US$400 million at the current BTC price if all bitcoins are fully recovered. The bitcoins stolen minus recoveries in 2019 are worth $1.344 billion today, with 30 per cent of that amount equal to $403,288,427."
The platform has only managed to recover 27 Bitcoins of the 120,000 that were stolen from the platform following an investigation carried out by the US government.
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