Hackers to Cash $3.2M of Stolen Cryptopia Assets

Police also report on active progress on the investigation of the incident
07 February 2019   727

The investigation of the hacker attack on the New Zealand cryptocurrency exchange Cryptopia is progressing well, however, due to the complexity of the cyber environment, it can take considerable time. This is stated in the official statement of the local police.

The main efforts of the investigation are aimed at identifying the intruders and returning the stolen cryptocurrency.

Excellent progress is being made in the investigation and we are working with Cryptopia management plus current and former employees who have been providing valuable assistance. 

We are working closely with our international partners and cybercrime experts to continue the investigation.

Greg Murton

Detective Inspector, New Zealand Police

He also said that investigations at the company's office would be completed by the end of next week.

Meanwhile, according to analytical company Elementus, on the morning of February 7, hackers was able to cash $ 3.2 million from funds stolen through various exchanges, mainly through Etherdelta.

Cryptopia exchange was hacked in mid-January with $16M worth cryptocurrency assets stolen. 

Hacked Zaif Exchange to Resume Operations

It was hacked in September last year,  about $60 million in cryptocurrency was stolen from its platform
22 April 2019   88

Japanese cryptocurrency exchange Zaif announced that it will complete the transition from the Tech Bureau to the Fisco Digital Asset Group (FDAG) on April 22 and resume normal operation the next day, Cointelegraph reportes.

In September last year, the exchange underwent a hacker attack when about $ 60 million in cryptocurrency was stolen from its platform, including Bitcoins, Bitcoin Cash and Monacoin. As part of the compensation plan to users, FDAG exchange acquired a large stake in Zaif business and transferred to the Tech Bureau over $ 44.6 million.

According to an earlier announcement of the exchange, 40% of the lost funds will be compensated to users by Fiat, and the remaining 60% - to the cryptocurrency, which will be available for withdrawal on April 23.