Paolo Ardoino Sends a Heartwarming Message Regarding Bitcoin Recovery

• Back in 2016, a group of attackers compromised the security of crypto exchange Bitfinex, bagging 119,755 Bitcoin through a breach.
• A few days ago, the Department of Justice trapped the culprits behind this breach. They were chasing them for 6 years.
• Bitfinex CTO Paolo Ardoino, Bitfinex Chief Technology Officer, delivered a message as 94k Bitcoins were seized by the Department of Justice.

Bitfinex and The Crypto Industry are Grateful

Six years ago, a massive attack took place where one of the most significant cryptocurrency exchanges, Bitfinex, was compromised, and attackers inflicted total damage of 119,755 Bitcoin.

The Department of Justice persuaded these attackers for around six years and finally trapped them to seize 94K Bitcoin.

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In his video message, Paolo Arduino took the audience back to when this breach happened. He stated that Bitfinex took a blow of 119,000 Bitcoin from attackers when the organization was just a start-up young and growing.

Following the event, Paolo said that a team was assembled quickly in response to the theft to analyze the traumatic situation, and everything possible should be done to recover from this mishap.

The organization decided to work for reimbursing their clients who have inflicted the losses from the event. At the time of this hack, the stolen amount equalled $72 Million, which is a big amount, said Paolo Arduino. He added that frauds had surged recently, but 119,000 Bitcoins are a lot.

Nonetheless, the panic was not an option at the time, so Paolo and the team decided to do something regarding the situation so that Bitfinex could resume trading again. Apart from this, they also made strategies to cover the damages inflicted by clients.

In the message, Paolo Ardoino expressed that Bitfinex has shown folks that hard work is done sometimes if sufficient efforts are provided. If everyone sticks together, we can achieve even the impossible.

This is true because Bitfinex reimbursed its clients as a whole after this uncanny event and achieved its place as a top cryptocurrency organization in the sector.

As per Paolo, this is a fantastic story of the Bitfinex team and its community and among the most beautiful testaments in the crypto sector. It is a narration of a robust organization that fell to the ground and came back stronger.

It’s like Alfred said to Bruce Wayne, “Why Do We Fall, Sir? So that we can Learn to Pick Ourselves Up.”

Paolo thanked every team member part of this event and those who joined forces later.

The organization has a team of amazing peeps from over 54 different nations, and all of them have supported the recovery of this event. 

Looking Forward

Following this remarkable achievement, Bitfinex Chief Technology Officer Paolo Arduino sent a heartwarming message to the Department of Justice for this great victory.

In the video, Paolo addressed the Department of Justice and other law enforcement agencies, thanking them for their work, which led to 94k Bitcoins recovery. He stated that Bitfinex and the whole cryptocurrency sector are grateful for the effort they’ve given all these years during the chase.