Exchange hacks have always been one of the major setbacks associated with the cryptocurrency space, with several renowned platforms falling victim to security breaches. Even Binance, one of the world’s largest cryptocurrency exchanges in terms of trade volume was no exception after the platform reported a loss of 7000 BTCs following a security breach. So far, one of the most controversial hacks of the year was the Cryptopia hack, a New Zealand-based exchange which lost almost all of its Ethereum holdings to hackers.
The platform, following a security breach in mid-January 2019, fell prey to another attack towards the end of the month. A report by blockchain analysis company, Elementus, revealed that the exchange lost around $16 million worth of ETH and ERC20 tokens to the first hack. Dentacoin, Oyster Pearl, DAPS, Lisk ML, Pillar, Mothership, Everus, Enjin Coin, Cappasity, LINA, and Bytom were among the coins stolen in huge amounts by the attacker.
Now, according to Coinfirm, most of the stolen coins were recorded to have landed in top exchanges. The tweet by AMLT Token and Network read,
“As the #CryptopiaHack story continues to unfold, almost all tokens landed on major exchanges while the #ETH still sits on a hackers address according to @Coinfirm_io http://coinfirm.com Below is @0xProject $ZRX @KyberNetwork $KNC @PowerLedger_io $powr going to exchanges”
The platform followed up this news with an update on the Ethereum coins stolen by the hacker. Coinfirm stated that 10 ETH out of the 30790 stolen coins were transferred to “major crypto exchanges”. However, the exchange did not provide any details of the exchanges these tokens were transferred to. The tweet read,