3min chapter

Crypto Critics' Corner cover image

The Return of the Bitfinex Hack: $4.5 billion in Bitcoin is Found and Seized

Crypto Critics' Corner

CHAPTER

Bitfenex Hacking

There have been a few different theories about how this occurred. What i think is the most likely method y is that bitfenex was using a single api key to both change the withdrawal limit and sign for the withdrawal. I don't know exactly how dutch or heather would have got en access, but i think it is plausible,. especially knowing their familiarity with fishing and spear fishing and techniques like that... We know for a fact that other exchanges around this same era were compromised by this style of attack.

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