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Since the Cryptopia trading platform has been hacked, users are wondering when things are going to improve. It is very difficult to answer this question now. The investigation is still ongoing. Despite everything, it seems that some of the stolen funds have been exhausted as the day before the investigation. In addition, money was lost during the first days of the survey.
Cryptopia Hack is more worrying than expected
Even more disturbing is a recent Elementus report. The company says some of the funds stolen from Cryptopia disappeared the day before the company launched its official investigation. This seems to confirm that the guilty have had access to the platform for a while. Moreover, it seems that they are not too afraid to be discovered. It's a rather brave approach, but the story becomes even more embarrbading.
How a person outside the company could have drained funds at that time remains to be clarified. It also means that the total losses incurred by the stock market and its users are higher than initially expected. Hackers allegedly stole at least $ 25 million from Elementus victims, up from $ 13 million a few days ago. This would be catastrophic for any big business, let alone for a more modest exchange like Cryptopia.
To make matters worse, some users have complained about Cryptopia funds since December. According to local sources, at least three people confirmed that their wallet was not working properly and that funds could not be withdrawn. It appeared that a lawsuit would be brought against the exchange in early 2019, but the hacker is badured that this has not happened yet.
For now, we still do not know when users will be able to access their funds again. The investigation is still ongoing at this stage, although there has been no further progress. For all users of the exchange, the wait seems far from over. The main question now is whether this hack is legitimate or whether the owners of the stock exchange have decided to unplug the machine. Only time will tell which of the two plausible scenarios is the right one.
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