The exchange halted its services when it detected a major hack that reportedly “resulted in significant losses” on 15th Jan. Cryptopia expressed that the hack occurred the previous day on 14th Jan. The platform formally expressed that it had been undergoing some unscheduled maintenance, issuing several updates before revealing the breach.
On 20th Jan., Elementus ‘reported‘ that around $16 Mln priced Ethereum [ETH] and ERC20 tokens were hacked. As per the web-blog, information on the Ethereum public blockchain indicates that funds began to be siphoned from Cryptopia’s 2 core wallets — one holding ETH, the another tokens — on the morning of 13th Jan.
In its recent post on yesterday, Elementus stated that the attack is being still continuing and that the hackers have stolen around 1,675 ETH [around $175,875 USD] from 17,000 different Cryptopia wallets, accumulating at this ‘address‘. It additionally states that among the 17,000 affected wallets are 5,000 that were emptied once the platform was initially beached, but have since been refilled.
Elementus stated that it had been apparent that the same hacker or hackers are chargeable for the continued security breach, as the funds have been transferred to the ‘address‘ employed in the initial hack. Each aforesaid addresses on Etherscan are flagged for their involvement within the hack and also the web-site has warned that the general public ought to proceed with cautions oner interacting with the addresses.
The web-blog concludes that Cryptopia doesn’t have management over its Ethereum wallets, whereas the hackers still have. Some within the crypto community have noted that this is not a 2nd attack on Cybertopia’s wallets, but a continuation of the hack. One individual on Twitter ‘said‘:
Just yesterday, a report from blockchain analytics firm Chainalysis expressed that two hacker teams have reportedly stolen $1 Bln in cryptocurrency. In line with a report shared with the Wall Street Journal, two entities have received the bulk of assets lost following the cryptocurrency scams.