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Analysis: Hackers Liquidated $3.2 Million in Tokens From Cryptopia Hack


$3.2 million worth of tokens that were stolen from New Zealand-based cryptocurrency exchange Cryptopia have been liquidated.

$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 told users 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 ERC20 tokens 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…



Read Full Story : Cointelegraph.com News

2019-02-08 20:45:00

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Written by Cointelegraph

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