Cryptopia, the New Zealand cryptocurrency exchange which reported a security breach earlier this month, continues to lose its funds to hackers, according to a report by Elementus, a next-generation blockchain analysis company. The report states that over 17k wallets were drained of funds on January 28, 2019. It further states that the hack, which started at 6:58 AM, went on through-out the day.
The exchange platform has lost around 1,675 ETH to the latest attack, which is close to 180K. According to the report, 5,240 wallets that were affected during the previous security breach, were hit by the hackers again. The report states that the users of these were “unaware of the breach” as cryptocurrencies were added to the accounts.
Furthermore, some of the wallets that were affected by the latest hack were previously identified to be vulnerable to an attack. The Ethereum address to which the stolen tokens were sent to is being identified as 0x3b46c790ff408e987928169bd1904b6d71c00305.
The report stated:
“Initially it wasn’t clear whether this might be Cryptopia securing their remaining funds. But by 9:50pm this evening, we got our confirmation that this was indeed the same thief. At that time, the incoming transfers stopped and the combined funds were moved into the address, the same wallet that currently stores the other stolen Cryptopia funds.”
The report claims that the exchange platform does not have control over their Ethereum wallets’ private keys and that the hacker is the one in control. It also states that users of the platform continue to deposit Ethereum tokens in their wallets, irrespective of the hack. The company also believes that the all the funds sent to the exchange platform would wind up in the hackers control until they’ve been caught.
Based on the firm’s previous report on the hack, Cryptopia lost over $16 million worth of Ethereum and ERC20 tokens. These funds were stolen from a total of 76k different Ethereum wallets. Additionally, the largest amounts of funds were stolen in Ethereum, Dentacoin, Oyster Perl, Lisk ML and Centrality.
Subscribe to AMBCrypto’s Newsletter
Facebook’s Libra hit by more accusations, Balaji Srinivasan on BTC investment and more
Crypto News – 24 June – Facebook’s Libra hit by more accusations, Balaji Srinivasan on BTC investment and more
— AMBCrypto (@CryptoAmb) June 24, 2019
Crypto News – 24 June
Erik Voorhees on Bitcoin: According to the CEO of Shapeshift, Bitcoin’s relative traceability has allowed governments to become comfortable with it
Read more at https://bit.ly/2WVviJW
Max Keiser on gold’s ‘resurgence:‘ Max Keiser made news after he stated that Bitcoin’s growing popularity as a competing store of value and millennials were responsible for gold resurfacing in the conversation about store of value assets
Read more at https://bit.ly/2Xve2zp
Tron back in the top 10: A month after CEO Justin Sun promised to get Tron back in the top 10 of the world’s largest cryptocurrencies, TRX surged by over 6% to achieve the same by overtaking Cardano
Read more at https://bit.ly/31TXekX
Bank of International Settlements on Libra: While talking about Facebook’s Libra, BIS’s report attested to the need for sound public policy, financial regulation, competition regulation, and data privacy regulation
Read more at https://bit.ly/2Fsoptu
Bitcoin short futures position on the rise: According to a Twitter user, 70% of all Bitcoin short futures position are taken by four traders
Read more at https://bit.ly/31Om4CQ
LocalBitcoins’ Russian Ruble trading charts: According to CoinDance, the weekly LocalBitcoins chart revealed that the Russian Ruble [RUB] recorded towering volumes, even after the June 1 cash-exodus announcement
Read more at https://bit.ly/2JgRWYz
Howard Chu on Monero: According to the Founder of Symas Corp., Monero was “outstripping” other projects in the space which have larger budgets, in light of the new features added to Monero
Read more at https://bit.ly/2Y8IsEQ
Subscribe to AMBCrypto’s Newsletter