Cryptopia hack: Over $7 million worth of Ethereum [ETH] transferred by hacker to unknown wallet

The New Zealand cryptocurrency exchange, Cryptopia, which fell to its doom due to a security breach that occurred earlier this year, continues to stay in the headlines. The attacker, who almost drained the exchange’s entire Ethereum wallets, has been transferring the stolen funds since the beginning of the day.

Alert, a Twitter account that tracks the large sum of cryptocurrency transactions for all the top coins, has been tracking the movements of all coins compromised to recent hacks. A few minutes ago, the account showed that large sum of Ethereum tokens was further being moved to a different wallet.  A total of four different transactions were completed, with around 29770.7290449 ETH [over $7 million] were transferred within 15 minutes.

Notably, all the ETH from the wallet d96ba527be241c2c31fd66cbb0a9430702906a2a was transferred tod4e79226f1e5a7a28abb58f4704e53cd364e8d11, draining all the cryptocurrency from the initial wallet. More so, the attacker first transferred a 1 ETH before making huge transactions.

Wallet address transferred from | Source: EtherScan

Wallet address transferred from | Source:

Wallet address transferred to | Source: EtherScan

Wallet address transferred to | Source: EtherScan

This was not the first transaction of the day; the hacker transferred a small chunk of ETH earlier today and ERC20 tokens were also moved to different exchanges.

WhaleAlert reported on Twitter that around $7.67 million worth of Ethereum was transferred to an unknown wallet.

“30,790 #ETH (7,740,465 USD) transferred from Cryptopia Hack to unknown wallet […] The recent Cryptopia Hack transfer very likely went to a #Huobi deposit wallet. From there it has probably been sold for other coins.”

While another report by Coinfirm stated that the exchange’s ERC20 tokens, 0x Project [ZRX], Kyber Network [KNC] and Power Ledger [POWR], were being transferred to major cryptocurrency exchanges.

MisterCandyMan had stated on Twitter,

“This is a problem though because they’re never gonna be able to identify the hacker!”

The post Cryptopia hack: Over $7 million worth of Ethereum [ETH] transferred by hacker to unknown wallet appeared first on AMBCrypto.

Post written by our friend Priya and from ambcrypto
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