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Tokens worth 3.2 million dollars stolen from a Crypto-based New Zealand cryptocurrency exchange were liquidated during major cryptocurrency trade, according to a report. tweet of the Elementus Analysis Company, the Blockchain, on February 4.
The hacking, which is apparently the first major security breach in 2019, was announced by the platform on Jan. 15. The exchange indicated that the piracy occurred on January 14th. Cryptopia initially told the users that he was undergoing unforeseen maintenance, program many updates before officially reporting the violation.
On January 20, Elementus announced that Ethereum (ETH) and ERC20 chips worth up to $ 16 million had been stolen. The attack continued for two weeks after the initial offense, as the exchange did not regain control of its portfolio. Hijackers stole an additional 1,675 ETH ($ 175,875) out of 17,000 Cryptopia portfolios, with Elementus stating that of the 17,000 portfolios involved, 5,000 were emptied on the first hole in the rig, and then refilled. .
According to the February 4th news tweet, hackers sold $ 3.2 million in stolen chips on major stock exchanges, with most funds going to Etherdelta, Binance and Bitbox.
Value of the chips liquidated on February 2nd. Source: Elementus
After the announcement of the Jan. 15 crackdown, Cryptopia informed government agencies and authorities such as the High Tech Crimes Unit and the New Zealand Police, who allegedly opened an investigation after calling the crime incident major.
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