CoinFirm researchers tracked the movement of funds stolen from the New Zealand Bitcoin Exchange Cryptopia.
The hacker sent 30790 #ETH (~$7.67M) to a new address (Yellow) and then sent 10 ETH (~$2500) to an exchange address (green) that then landed on their Hot Wallet. https://t.co/xJ5bGphf44 pic.twitter.com/GqOUMgi7Kh
— Coinfirm (@Coinfirm_io) May 20, 2019
Two other addresses received a total of 1010 ETH. At the same time, according to CoinDesk, 10 ETH were moved to the wallet of the Huobi exchange. Hackers, presumably, chose this site to withdraw part of the stolen funds.
According to data, the damage to Cryptopia as a result of the January hacking could amount to $ 16 million. The site management announced its intention to return funds to affected users and even credited tokens to users' accounts, which fixed the amount of payments due to them.
Attempts of the management to achieve profitability after hacking were in vain. The management subsequently decided to begin the liquidation process for Cryptopia.