Cryptocurrency News

Bitfinex Offering $400 Mln Bounty Reward For Information Leading To BTC Hacked In 2016.

Leading cryptocurrency exchange ‘Bitfinex’ is now offering up to $400 Mln bounty reward to anyone who can lead them to the hackers who stole over 120k Bitcoin [BTC] earlier in August 2016.

In line with a recent official post by the company’s on 4th August, they’re even willing to reward the hackers themselves. The people behind the 2016 attack breached the safety systems of Bitfinex and managed to complete around 2072 illicit transactions. The company clarified that this is their “latest effort” to recover those earlier stolen funds.

While explaining further – how the reward will work, the company added:

“Those who put Bitfinex in contact with the hacker will receive 5% of the entire property recovered [or equivalent funds or assets at present market values], and the hackers will receive 25% of the entire property recovered [or equivalent funds or assets at present market values]. Any payments made to those connecting Bitfinex with the hackers as well as the hackers themselves will be classified as costs of recovery of the hacked property.”

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