Bitfinex Offers $400M for Return of Bitcoin from 2016 Hack – August 5

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📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$11,389

Bitcoin price is testing short-term resistance at $11,400 once again today, after ranging another 24 hours in the low $11,000s.

Top-20 altcoins have mostly traded flat over the last day, as Ethereum, Bitcoin Cash, and Bitcoin SV remain almost unchanged. XRP has fallen 2.5%, while Binance Coin is the largest gainer with a 5% rise.

Top Stories for August 5, 2020 🔥

👉 Bitfinex Offers $400M for Return of Bitcoin from 2016 Hack

Bitfinex has publicly offered up to $400 million as a reward for assistance leading to the return of the 120,000 Bitcoins stolen in the 2016 hack of their exchange.

The announcement, posted on the official Bitfinex website, states that 5% of the assets recovered will go to whoever connects the exchange with the hackers, while the hackers themselves will receive 25% of the returned assets.

The 120,000 Bitcoins have a current market value of $1.3 billion.

👉 Square’s Cash App Generates $875M in Q2 Bitcoin Revenue 

Square’s Cash App service has generated $875 million in revenue during the second quarter of this year, almost tripling that of the first quarter.

Gross profit from Bitcoin revenue in Q2 stands at $17 million, a figure which is steadily growing to capture a larger proportion of Square’s total gross profit.

👉 Opyn DeFi Contract Exploit Results in $370K Stolen USDC 

An exploit of Opyn’s ETH Put contract has resulted in the theft of $370,000 worth of USDC tokens, in a “double exercise” attack.

The attacker used a flash loan to buy the put tokens (oETH) on UniSwap, and upon a double-use of the options, managed to recover both their ETH deposits and USDC collateral.

Opyn has since removed liquidity from Uniswap, while it investigates the attack further.

The post Bitfinex Offers $400M for Return of Bitcoin from 2016 Hack – August 5 appeared first on BitcoinPrice.com.



Source: Bitfinex Offers 0M for Return of Bitcoin from 2016 Hack – August 5

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