The text of this report has been updated for clarity.
The Bitfinex hack rocked the bitcoin world when it occurred in early August, resulting in the loss of nearly 120,000 bitcoins. The incident impacted bitcoin markets during the month that followed, though prices have since recovered.
It was further reported that the loss incurred was reduced to $720,000 when factoring in IOU tokens issued by Bitfinex after the exchange initiated its recovery efforts.
H/t Brian Cohen, MrFelt
The FBI is investigating a report filed by an unnamed Bitfinex user alleging that funds were stolen from their account, CoinDesk has learned.
According to an incident report filed on 14th September, a Cambridge, Massachusetts, resident stated that they lost $1.3m in bitcoin tied to the hack and subsequent $70m theft from Bitfinex.
Image Credit: Arnaldo Jr / Shutterstock.com
The resident said that they learned that $1.3m had been stolen from their Bitfinex account. According to the document, the user had $3.4m in total personal holdings.
The Cambridge Police told CoinDesk that the matter had been referred to the FBI after an initial investigation. Bitfinex representatives have previously said that they are working with the FBI as part of its investigation into the hack.
The incident report – and word that the FBI is looking into the matter – offers a rare detail into the post-hack investigation said to be taking place. However, the status of the investigation and the extent to which the FBI has pursued the lead remains unknown at this time.
The document does contain one other idiosyncrasy. The reporting officer noted that the amount translated to "70,000,000 in bitcoin", which roughly corresponds to the amount, in dollars, lost during the hack.
Investors are Selling Gold to Invest in Bitcoin, Key to Multi Trillion Dollar Market Cap
According to ACG Analytics US macro strategy head Larry McDonald, investors have begun to sell gold to invest in bitcoin through the newly launched bitcoin futures exchange of the Chicago Board
Cramer: Bitcoin's futures launch is a 'very big victory' for the digital currency
The launch of Bitcoin futures on the Cboe Futures Exchange over the weekend was a "very big victory" for the digital currency, CNBC's Jim Cramer said Monday. Bitcoin futures, trading under the
Here's what bitcoin futures could mean for the price of bitcoin
Grey Dwyer, BitMEX head of business development, talks with Business Insider executive editor Sara Silverstein about how futures contracts are going to impact the bitcoin community. Following is a tra
Litecoin Price Leaps 30% to New All-Time High
Litecoin price leaped by nearly a third on Monday, raising the sixth-largest cryptocurrency to a new all-time high.
For most of December, the litecoin price had traded between $90 and $100, but on
Bitcoin Analysis December 12, 2017
BTC/USD Bitcoin has been very volatile over the weekend, reaching as low as $13,000. However, after futures trading opened a, it became apparent that buyers were jumping into the Chicago exchange.
Ethereum Analysis December 12, 2017
ETH/USD Ethereum has been choppy over the last several days, as the weekend was noisy. Most of the interest around the world seems to be focused on Bitcoin and the reaction of the Chicagoâs
DASH and Litecoin Analysis December 12, 2017
DASH/USD DASH continues to be very choppy, forming a bit of a âW patternâ over the weekend. Because of this, I believe that we are eventually going to break out to the upside but a move above
BitGo Scores $43 Million as Crypto Goes Corporate
BitGo, the maker of multi-signature cryptocurrency wallets for enterprises, has closed a $42.5 million Series B funding round in a sign that demand has at last arrived for institutional-grade services