Dinocrypto

DinoCrypto

Bitfinex Offers $3.6 Million Bounty in Bid to Recover Stolen Bitcoin

Bitfinex Offers $3.6 Million Bounty in Bid to Recover Stolen Bitcoin

Bitfinex is reportedly offering a reward worth up to $3.6m for the recovery of bitcoins stolen from its exchange last week.

The Hong Kong-based startup lost nearly 120,000 BTC in the incident (an amount worth roughly $71m at press time), and now suggests it’s willing to offer 5% of these funds (or about 6,000 BTC) as a reward should they be found and returned.

The news came social media today in a post by Bitfinex community director Zane Tackett. In response to a question about the existence of such a program, he stated that a bounty would be awarded to anyone who had information that helped the exchange recover the funds.

Tackett said:

“[Five percent] of recovery and for information leading to recovery (but no bounty if no recovery); if multiple persons lead to recovery, share pro rata.”

Bitfinex resumed trading earlier today, just over a week after it shut down in the wake of the theft.

Money rain image via Shutterstock

California Scraps Licenses in Proposed Bitcoin Regulation Overhaul
Bitfinex Draws Volume as Traders Test Experimental BFX Tokens