Another $800,000 worth of bitcoin from the Bitfinex hack of
four years ago has been moved to an unknown wallet.
BTC scaled past $10,000 on Tuesday, rising above the psychological point for the first time since the scheduled supply cut on May 11.
According to data from markets.bitcoin.com, the top cryptocurrency climbed nearly 6% in the last 24 hours amid record coronavirus spending by world governments.
Investors consider bitcoin a hedge against inflation in these uncertain times.
Hackers have chipped away at their multi-million-dollar stash since making off with 120,000 BTC from Hong Kong-based crypto exchange Bitfinex in 2016. Valued at $72 million at the time, the bitcoin is now worth over $1.2 billion at current prices.
Meanwhile, Ciphertrace said on June 2 that losses from cryptocurrency thefts, hacks, and fraud surged to nearly $1.4 billion during the first five months of this year.
In a new report, the crypto intelligence firm says it has also started to notice coronavirus-related crime that needed some form of payment using virtual currency, but similar fraud remained minimal.
Covid-19 fraud generally involved criminals luring their victims into social media groups where payment in bitcoin or other cryptocurrencies was requested, notes Ciphertrace.