Hacked Exchange Cryptopia Discloses Estimate of Stolen Crypto


0

New Zealand-based cryptocurrency exchange Cryptopia has given an idea of the losses arising from a hack on its platform last month.

After being almost silent since the breach, the firm published a series of updates via Twitter on Wednesday. Most notably, Cryptopia provided an update on how much of the total assets held by the platform was lost in the cyber-attack, saying:

“We are continuing to work on assessing the impact incurred as a result of the hack in January. Currently, we have calculated that worst case 9.4% of our total holdings was stolen.”

It did not provide an idea of that amount in monetary terms.

Cryptopia went offline on Jan. 15 saying it had suffered a “security breach which resulted in significant losses.” The exchange did not provide any specific information at the time and has since said it cannot comment while an investigation by the New Zealand Police is underway.

A blockchain data analytics firm estimated after the attack that as much as $16 million in ether and ERC-20 tokens could have lost. Notably, hackers still had control over Cryptopia even after the police had been brought in and reportedly stole an additional 1,675 ether from 17,000 wallets – an amount worth about $181,000 at the time.

In Wednesday’s tweets, the exchange said it is “securing each wallet individually” to ensure it is “fully secure” when resuming trading.

Cryptopia also warned:

“As a result of the new wallets please immediately refrain from depositing funds into old Cryptopia addresses. We have more updates to come tomorrow, keep an eye on our page.”

New Zealand Police said on Feb. 7 that it expected to complete the inspection of Cryptopia’s premises by mid-month. Cryptopia confirmed in a tweet on Feb. 14 that the police had given them access back to its building, while the investigation was continuing.

Detective inspector Greg Murton of the New Zealand Police said at the time that the case is “progressing well and advancing on several fronts,” adding:

“The focus is on identifying those behind this offending and retrieving the stolen cryptocurrency. This investigation is expected to take a considerable amount of time to resolve due to the complexity of the cyber environment.”

Hacker image via Shutterstock 

Source : coindesk


Like it? Share with your friends!

0

What's Your Reaction?

hate hate
0
hate
confused confused
0
confused
fail fail
0
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
0
love
lol lol
0
lol
omg omg
0
omg
win win
0
win
coindesk

Comments

comments

Powered by Facebook Comments

Choose A Format
Story
Formatted Text with Embeds and Visuals
Video
Youtube, Vimeo or Vine Embeds
List
The Classic Internet Listicles
Open List
Submit your own item and vote up for the best submission
Countdown
The Classic Internet Countdowns
Poll
Voting to make decisions or determine opinions
Ranked List
Upvote or downvote to decide the best list item
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Meme
Upload your own images to make custom memes
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format