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Explainers / 2026

The $3.6 Billion Bitcoin Heist a Spreadsheet Solved

Bitcoin was supposed to be money no one could trace. In August 2016, thieves broke into Bitfinex, one of the world's biggest bitcoin exchanges, and took 119,754 coins worth about $72 million.

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The $3.6 Billion Bitcoin Heist a Spreadsheet Solved
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The $3.6 Billion Bitcoin Heist a Spreadsheet Solved

Bitcoin was supposed to be money no one could trace. In August 2016, thieves broke into Bitfinex, one of the world's biggest bitcoin exchanges, and took 119,754 coins worth about $72 million.