2 Weeks Later the Cryptopia Hack Continues

It has been two weeks since the notorious hack on the New Zealand-based cryptocurrency exchange, Cryptopia was reported. And there wasn’t much news about the developments due to the ongoing investigation. But according to a blog post from the blockchain infrastructure firm, Elementus on Jan.29, Cryptopia is still very much under attack as the hack continues.

When the hack was detected, on Jan. 15, the exchange suspended services, because it resulted in significant losses. Initially the exchange tried to cover up the fact that it was under attack, by stating that the platform was going through some unscheduled maintenance. However, when the platform realized the severity of the hack, it came clean and disclosed the breach, stating the hack actually occurred a day before it was detected. So basically Cryptopia has been under attack since Jan. 14.

According to Elemuntus’ previous report of Jan. 22, as much as $16 million worth of Ethereum (ETH) and ERC20 tokens were stolen from the platform. According to the blog, the data on the Ethereum public blockchain shows that funds were tapped from two of Cryptopia’s core wallets, one holding ETH and the second holding other tokens.

As per today’s post, the attack continues. The hackers have gotten away with 1,675 ETH from 17,000 Cryptopia wallets. And all of this is accumulating to this address. Furthermore, the report also claims that the 5,000 wallets that were emptied when the platform was first breached have now been refilled.

Apparently, Cryptopia has no control over its Ethereum wallets but the hackers are very much in control of them. People in the crypto community are of the opinion that the hacks aren’t separate events, that its not a second attack on Cryptopia’s wallets, instead it is a continuation of the hack.

Reportedly, it seems that the same hacker or hackers are responsible for this ongoing breach. Because the stolen funds have been transferred to the addresses that were used in the initial hack. Now, both the known addresses have been flagged and the public has been warned as well.

Said one individual.

For now it remains uncertain when will Cryptopia see the end of this hack. For further updates, stay tuned to BlockPublisher.

Abeer Anwaar

Abeer holds a Bachelors degree in Media studies and covers blockchain startups for BlockPublisher. An optimist, excels in the art of the written word and swears by the joy of all things sweet. Contact the editor at editor.startups@blockpublisher.com

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