Hackers Could Have Stolen 9% of Cryptopia Assets

In January, the crypto market was hit by one of the loudest robberies of crypto exchanges in 2019. Hackers broke into Cryptopia. The exchange claims that in the worst-case scenario, the attackers stole more than 9% of the total assets of the company.

In early 2019, hackers attacked the crypto exchange Cryptopia. The company did not immediately disclose how much clients funds were affected by malefactors, but exchange said the attack caused"significant losses."As a result, Cryptopia ceased its activities and asked New Zealand authorities to help.

Today, Cryptopia states it continues to assess potential losses. But in the “worst-case scenario,” hackers stole “9.4% of all exchange’s assets.

Also, according to exchange, it is recovering every wallet and asked not to send money to old Cryptopia addresses.

The research company Elementus conducted its own investigation into the robbery of the exchange and stated the hackers stole $16 million worth of cryptocurrency from Cryptopia. The assets in Ethereum suffered the most.

Moreover, according to Elementus, for 15 days after the attack, Cryptopia was unable to identify a breach in its security system, and attackers additionally stole cryptocurrency worth $180,000 from 17,000 customers' wallets.

Elementus also determined that hackers managed to sell $3,2 million of stolen cryptocurrencies. Most of the coins ended up on Binance exchange. 

1 year ago

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