Hackers Brazenly Move $375,000 of Cryptopia’s Stolen Ether

P. H. Madore
Updated
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On the very day Cryptopia’s official liquidation begins, hundreds of thousands of dollars of its stolen funds begin moving to decentralized exchanges. | Source: (i) Shutterstock (ii) Shutterstock; Edited by CCN
On the very day Cryptopia’s official liquidation begins, hundreds of thousands of dollars of its stolen funds begin moving to decentralized exchanges. | Source: (i) Shutterstock (ii) Shutterstock; Edited by CCN

By CCN: Whale Alert, an account which automatically and manually notes large crypto transfers for Twitter followers, stated this morning that slightly more than $250,000 of stolen Cryptopia ether moved today.

$250k Parked, $125k Moved to EtherDelta

1,000 ether moved to 0x7d90b19c1022396b525c64ba70a293c3142979b7, an address which holds no other tokens. Roughly the same amount of ether previously left the wallet. The Cryptopia hacker seems unable to decide what to do with them.

Interestingly, within the past hour at press time, one of the addresses associated with this one moved 499 ether to EtherDelta. Address 0x338fDf0D792F7708d97383EB476e9418B3C16ff1
made this transaction to the exchange which was previously fined for dealing in unregistered securities.

Cryptopia lost around $15 million in a major hack earlier this year. More recently they’ve gone into liquidation and warned customers not to expect all of their funds back. Reportedly, the exchange could not meet its debt obligations as a result of the hack, which saw its user interest, trust, and volume plummet. One question is why user funds would have been available to the exchange for satisfying debts, as most eloquently stated in this tweet:

Read the full story on CCN.com.

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