- Cryptopia hack is one of the most infamous crypto crimes.
- New Zealand-based cryptocurrency exchange Cryptopia lost over $3.4 million.
- Hacked tokens have also been liquidated into other major cryptocurrency exchanges.
Cryptopia hack is one of the most infamous crypto crimes. Reportedly, This hack is responsible for the loss of millions of dollars from many investors and companies. According to the tweet from the blockchain analytics firm on Feb 4th. New Zealand-based cryptocurrency exchange Cryptopia lost over $3.4 million dollars because of cyber hackers. Not only that, but these tokens have also been liquidated into other major cryptocurrency exchanges.
According to latest update from whalealert, it shows that 2000 ETH from hacked fund moved from one address to another.
Cryptopia hack has really scared and sent shock waves throughout the investor and trader community today.
According to Ruscoe, these matters must resolve as soon as possible. Since they are working with several stakeholders and several customers. Hence, it is essential to store the trust back and a thorough investigation must be conducted.
Uncertainties regarding the Cryptopia hack
There are certain funds that seem to confuse us about this hack. There are lots of funds and roughly 30,000 Ether.
Because of the transparent nature of virtual money, it is extremely easy to cash out large amounts of stolen fund from hack. But at the same time, due to the easy backtracking of cryptocurrencies, it is possible to monitor suspicious transactions in real-time.
But surprisingly, there are some funds which are still on the move.
There’s a report earlier this week, that over 5,700 ETH was moved to a different address. Several smaller transactions that were made and linked to many other addresses. This has made tracking of the funds very difficult.
How to restore Faith?
This event has to lead many questions among the Cryptopia users. But rest assured, with the help of strong investigators they will find the hackers. And one day, we will achieve total cybercrime security.