Cryptopia hack: 60.000 stolen ETH transferred to unknown wallets

20 May, 2019
by Joeri Cant
Hack
Cryptopia hack: 60.000 stolen ETH transferred to unknown wallets

Less than a week after New Zealand-based cryptocurrency exchange, Cryptopia, closed its doors and entered the liquidation stage, almost 60,000 ETH stolen from Cryptopia in January hack, was transferred to an unknown wallet in less than 24 hours.

WhaleAlert, a tracker of large cryptocurrency-related transactions, confirmed the first transfer, which occurred at 01:43:57 UTC on 20 May 2019.

The exact amount was 30,790 ETH, valued at around $7.5 million.

WhaleAlert suggested in a later tweet that the 30,790 ETH most likely were transferred to a Huobi deposit wallet, where the stolen ETH was sold for other coins.

However, the ever-vigilant WhaleAlert has noted another 5 transfers from the Cryptopia hack into unknown wallets, which were transferred within 5 minutes.

The first transaction was 1 ETH.

Followed by another 4 confirmed transfers, for a total of 29.769 ETH, valued at around $7.3 million.

The New Zealand-based cryptocurrency exchange has not confirmed any of the transfers. In one of their last tweets, on May 15, Cryptopia made it clear to its remaining customer base to stop sending deposits immediately.

Do you think Cryptopia customers will ever recuperate their funds? Let us know in the comments and poll below.

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