BREAKDOWN: As the US Seizes $3.6B in BTC, a Frontline Story From the 2016 Bitfinex Hack, With Zane Tackett
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 9 February 2022
⏱️ 34 minutes
🧾️ Download transcript
Summary
An interview with the former Bitfinex head of community and product.
This episode is sponsored by Nexo, Arculus, FTX US and MELD.com.
Yesterday the U.S. government arrested two individuals in connection with money laundering and the 2016 Bitfinex hack that saw nearly 120,000 BTC stolen. They also announced the confiscation of around 94,000 of the purloined BTC - worth about $3.6 billion today. On today’s episode, NLW is joined by Zane Tackett, who was the director of community and product development during the Bitfinex hack in August 2016. Zane shares what the experience was like and his perspective on how the industry has changed.
Find our guest on Twitter: @tackettzane
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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Vision” by OBOY. Image credit: wenjin chen/DigitalVision Vectors/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
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Transcript
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| 0:49.7 | And I was like, all right, where are we at? How much did we lose? Like, how bad is this? |
| 1:03.0 | And he was like, yeah, 119,756 Bitcoin and just, oh man. Yeah, it just shook my world. |
| 1:12.8 | Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. The breakdown is sponsored by nexo.io, Arculus, and FtX, and produced and |
| 1:19.2 | distributed by CoinDesk. What's going on, guys? It is Wednesday, February 9th, and today we are |
| 1:27.0 | talking about this crazy court case. |
| 1:31.5 | The U.S. government has seized $3.6 billion worth of Bitcoin connected to the 2016 BitFinex hack, |
| 1:39.3 | and it's all everyone is talking about. Today we're going to have a conversation with someone who is in a |
| 1:45.5 | first person position to see that all go down back in the day. But first, if you are enjoying |
| 1:50.9 | the breakdown, please subscribe, rate, and review the show, and then go check out our |
| 1:55.5 | breakers discord. It's the place where all the conversation about the show happens, and you can |
| 1:59.8 | find a link in the show notes or go to bit.ly slash breakdown pod. Also, a disclosure. In addition to them being a |
| 2:06.9 | sponsor of the show, I also work with FTX. And one more thing before we get into today's crazy |
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