$7.5B In Stolen Bitcoin from 2016 Bitfinex Hack has just been moved

Re:$7.5B In Stolen Bitcoin from 2016 Bitfinex Hack has just ... by Osiris on Wednesday April 14, 2021 @04:58PM (#26812976)

I work at a distributed exchange and we have a blacklist. if funds are sent in from an address that's blacklisted we hold it and don't send them the other half. I don't know what the business does with those coins after that but there is a compliance team so I assume it's properly handled.

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Re:$7.5B In Stolen Bitcoin from 2016 Bitfinex Hack has just ... by londons_explore on Wednesday April 14, 2021 @06:46PM (#26814054)

The mere fact a distributed exchange has a central compliance team tells me it isn't very distributed...

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Re:$7.5B In Stolen Bitcoin from 2016 Bitfinex Hack has just ... by Osiris on Saturday April 17, 2021 @05:49AM (#26842982)

Sorry that should have been "non-custodial" not distributed.

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Re:$7.5B In Stolen Bitcoin from 2016 Bitfinex Hack has just ... by byteshock on Wednesday April 14, 2021 @07:22PM (#26814343)

Whats the point of a distributed exchange if you can just deny any exchanges at will? Doesn’t that defeat the core idea of an distributed exchange?

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Re:$7.5B In Stolen Bitcoin from 2016 Bitfinex Hack has just ... by cyberpunk on Wednesday April 14, 2021 @05:33PM (#26813406)

What stops them from just sending it to an intermediate address first?

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Re:$7.5B In Stolen Bitcoin from 2016 Bitfinex Hack has just ... by pfundstein on Thursday April 15, 2021 @01:13AM (#26816394)

Nothing, and I'm curious about how any source addresses are traced backwards before permitting a transaction.

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