Cryptocurrency

Stolen Cryptopia Funds End up on ‘Major Exchange’


One of the biggest things that plague the crypto space is exchange hacks, with a lot of renowned platforms falling victim to security breaches. Binance is a good example of this, as a few weeks ago, the world’s biggest crypto exchange was hacked thanks to a flaw in security to which 7,000 Bitcoins were stolen.

Whereas the Binance hack was bad and came as a shock to many, it wasn’t as bad as the Cryptopia hack earlier in the year. The New Zealand-based exchange lost almost all of its Ethereum holdings to hackers.

Following a security breach in mid-January this year, the platform was victim to yet another attack at the end of the month. In fact, a report by the blockchain analysis firm Elementus, showed that the exchange lost around $16 million worth of Ethereum and ERC20 tokens to the first hack. Among some of the coins stolen were:

“Dentacoin, Oyster Pearl, DAPS, Lisk ML, Pillar, Mothership, Everus, Enjin Coin, Cappasity, LINA.”

Most of the stolen coins and tokens were recorded to have landed in top exchanges. The AMLT Token & Network tweeted out saying:

The platform followed up this news with an update on the Ethereum coins stolen by the hacker which had been transferred to another ‘major exchange’ as they say:





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