## Analysis: Hackers Liquidated $3.2 Million in Tokens From Cryptopia Hack$3.2 million in tokens stolen from New Zealand-based cryptocurrency exchange Cryptopia have been liquidated on major cryptocurrency exchanges, according to a tweet from blockchain analytics firm Elementus on Feb. 4.

The hack, which is seemingly the first major security breach of 2019, was announced by the platform on Jan. 15. The exchange said that the hack occurred on Jan. 14. Cryptopia initially toldusers it was undergoing unscheduled maintenance, issuing several updates before officially reporting the breach.

On Jan. 20, Elementus reported that as much as $16 million worth of Ethereum (ETH) and ERC20tokens were stolen. The attack continued for two weeks following the initial breach as the exchange had not regained control of its wallets. Hackers stole and additional 1,675 ETH ($175,875) from 17,000 Cryptopia wallets, with Elementus stating that, among the 17,000 affected wallets, 5,000 were emptied when the platform was first breached, but subsequently refilled.

Per the Feb. 4 tweet by Elementus, the hackers have liquidated $3.2 million of the stolen tokens on major exchanges, with the most funds going through Etherdelta, Binance and Bitbox. Value of liquidated tokens as of Feb. 2 Source: Elementus Following the Jan. 15 announcement of the hack, Cryptopia informed government agencies and authorities like the High Tech Crimes Unit and the New Zealand Police, who have reportedly opened an investigation after considering the incident a major crime. • 26 | Cryptojacking !!!! 展开 Cryptopia exchange belongs to private exchanges ? 展开 good 展开 Thanks for sharing 展开 展开 support 展开 Good evening to you 展开 Cryptopia exchange belongs to private exchanges ? Isn't it? 展开 @Lucklin #5 Thank you 展开 @大勋 #7 Good evening to you 展开 support 展开 Hacker again !!! 展开 Just come and support again 展开 @Dragon #12 Hacker again !!! Hackers all around the world 展开 zan 展开 Second mine 展开 Support you 展开 Unsafe? 展开 User has been blocked 展开 User has been blocked 展开 User has been blocked 展开 Good night 展开 Good night 展开 Good night 展开 See you 展开 晚安 展开 You should login to reply You will reward to {{ username }} Available Balance: {{balance}} ≈$ {{usdtAmount.toFixed(2)}} (The reward commission rate is 10.0%)

New Favorite Bag

Add To Favorite You can create multiple favorites and classify the topics. Please select the favorites you want to add.
 {{ favoriteBag.title }} {{ favoriteBag.favorites_count }}Topics

{{ text }} OK
fa-bars fa-arrow-up