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Tuesday, December 24, 2024

Cryptopia crypto exchange robbed : Hackers withdrew $ 45 thousand worth of crypto assets

Cyber ​​fraudsters withdrew $ 45,000 worth of crypto assets from the New Zealand bitcoin exchange Cryptopia, which has been in the process of liquidation since 2019. This is reported by forklog.com with reference to the New Zealand edition of Stuff.

According to the publication, the American company Stakenet received a notification on the withdrawal from the cold wallet of XSN tokens for 62 thousand New Zealand dollars ($ 45 thousand) on February 1.

The wallet has not been used since the Cryptopia hack in January 2019. It holds cryptoassets with a total value of $ 1.97 million.

Liquidator Grant Thornton said the withdrawal was unauthorized.

The incident is under investigation.

“If this unauthorized transaction took place under the supervision of Grant Thornton, the company would have to explain why it was unable to keep users’ funds secure,” Stakenet said.

What is known about the elimination of Cryptopia

New Zealand-based cryptocurrency exchange Cryptopia has suspended operations, informing users of “significant losses” due to a security breach.

The exchange notified authorities of the incident, while New Zealand police and the local high-tech crime department were investigating. Trading operations on the platform were stopped.

Note that during the bull rally, Cryptopia was quite popular, as it represented a huge number of altcoins.

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Ismael Brooks
Ismael Brooks
Ismael is a versatile writer contributing to City Telegraph, where their expertise spans technology and global affairs. With a passion for exploring innovation, societal trends, Ismael brings a fresh perspective to every piece they craft. Follow Ismael for thought leadership and in-depth analysis , as he continue to contribute to City Telegraph's mission of informing and engaging readers with compelling narratives.

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