17,000 Ethers from Cryptopia’s Stolen Fund Have Been Transferred to Unknown Address

Parth Vig
Parth Vig is a Management student, and a keen observer of Cryptocurrency and blockchain technology, his interest in writing brings him to thecoinrepublic.com, He believes that he has many ideas that he pens down and he feels it would be a great asset for any kind of creative writing.
17,000 Ethers from Cryptopia’s Stolen Fund Have Been Transferred to Unknown Address

  • 7,000 ETH has been transferred to another Address as reported by blockchain Beijing based blockchain-monitoring system Chainguard. 
  • The Hacked fund from Cryptopia previously gathered at the address beginning with 0x93db has transferred.
  • A portion of ether (ETH) was stolen from a New Zealand founded cryptocurrency exchange “cryptopia.”

Cryptopia exchange hacker’s are moving the fund, and around 17,000 ETH has been transferred to another Address as reported by blockchain Beijing based blockchain-monitoring system Chainguard. 

Recently, over 4,500 ether coins have laundered in about the time duration of 6 hours. The stolen crypto ether has been moved to the three crypto exchanges only. Some of the money laundering related operation is still in process. It expected that this money-laundering activity would continue further. 

Among these, three address the address starting with 0x93db, which gathered about 17,000 stolen ether, has transferred some of the ether about 3,400 to the address starting with 0x341a.

The Hacked fund from Cryptopia previously gathered at the address beginning with 0x93db has transferred. A portion of ETH is assigned to the address, starting with 0x3397 by two large transactions.

These stolen assets are undergoing large scale money laundering operation, and many of this transaction is performing with the beginning address 0x341a.

However, this year the money laundering activities are active, and a portion from that stolen money is now actively participating in stolen ether transfer.

A Large Portion of ETH moved in May

Last year in May, a portion of ether (ETH) was stolen from a New Zealand founded cryptocurrency exchange “cryptopia.” As per the reports, the system of cryptopia hacked, and a portion of ether has deposited to a different cryptocurrency exchange.

Confirm also tweeted about their finding on May 20. Coinfirm is a Crypto anti-money laundering startup. They generally resolve crypto-related issues. 

As per the report provided by Coinfirm 30,790 of stolen ether, that is approximately equal to $ 7.778 million U.S.D has been reportedly moved and deposited to a new address.

In addition to that, 10 ETH (approx. $ 2,500) moved to a hot wallet of another crypto exchange.

A twitter account that dedicated for reporting significant transaction and crypto whale claims that about 500 ether coin (ETH), stolen from cryptopia has recently moved to Ether Delta which is approximately equal to ($ 125,000) and also 1000 ether coin to an unknown account holder which is over ($ 250,000).

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