2016 Bitfinex Hack: What You Need to Know

In August 2016, hackers successfully stole 119,756 Bitcoin from the Bitfinex cryptocurrency exchange – an amount equal to $72 million at the time. The hackers accessed users’ wallets on the Bitfinex platform and siphoned out the cryptocurrency. The effects of this breach were felt immediately. The trading price for Bitcoin plummeted instantly following the hack and Bitfinex ceased all trading. Even customers whose wallets remained untouched suffered a 36 percent loss. To this day, the crime remains unsolved. However, a new break in the case came with the arrest of a married couple in February 2022. The DOJ officials investigating discovered a virtual treasure trove of the stolen 119,756 Bitcoin, now worth an astonishing $3.6 billion. 

What Can Affected Bitcoin Owners Do?

Although McCune Law Group is not accepting new cases at this time, you still have legal options. If you’ve experienced issues related to this matter, you can:    

  • Visit the Department of Justice (DOJ) Website: Visit the DOJ website to find the most up-to-date information regarding restitution and who may be eligible.
  • Explore Other Legal Avenues: If you’ve experienced financial hardship due to the 2016 Bitfinex hack, you may still qualify for some form of legal action. Explore our Financial Services cases for more details.

Related Cases and Legal Areas

If you’ve experienced financial issues of any kind, we recommended exploring the following practice areas:

  • Financial Services: When a financial institution or one of its employees or representatives fails to uphold their fiduciary duty or acts negligently or intentionally and wrongs its customers, a civil suit can be brought to help wronged parties recoup their losses.
  • Commercial Litigation: These cases often involve deliberate actions aimed at deceiving or harming another party for financial gain.
  • Class Action Lawsuits: If numerous individuals are affected by the same financial issue, they may form a class action to bring a joint suit against a negligent company.

Need Legal Assistance?

If you’re dealing with another financial issue or class action-related matter, our experienced financial service attorneys are here to help. Get in touch with our financial services team to explore your legal options.

Final Note

This page is no longer accepting new clients for 2016 Bitfinex Hack claims but remains active as an informational resource to serve affected Bitcoin owners.

For general inquiries, you can reach us at (909) 345-8110 or via our online form.

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McCune Law Group is responsible for this advertisement. The information provided on this website is for general information purposes only. The information you obtain is not, nor is it intended to be, legal advice. Use of this website or submission of the online form does not create an attorney-client relationship.

Counsel Richard McCune is licensed to practice only in the state of California. The law firm of McCune Law Group has attorneys licensed to practice law in AZ, CA, IL, MO, NJ, NY, and PA. McCune Law Group is a national firm that brings lawsuits in a majority of the states. In states where one of its attorneys is not barred, it does so by filing the complaint along with local counsel barred in that state.

The results discussed do not guarantee, warrant, or predict the results in future cases.

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Did you suffer losses following the 2016 hack?