Binance and KuCoin Vow to Freeze Any Malicious Cryptopia Funds
The police have shared an update on the situation, we'll continue to update you as soon as we can.https://t.co/sXpgMYEfG2
— Cryptopia Exchange (@Cryptopia_NZ) January 16, 2019
While Cryptopia has not released the specifics of the hack due to an ongoing police investigation, transaction analysis showed that many of the stolen funds made their way off Cryptopia to numerous external wallets and third-party exchanges, including Binance, the world’s leading crypto exchange.
Just checked, we were able to freeze some of the funds. I don't understand why the hackers keep sending to Binance. Social media will be pretty fast to report it, and we will freeze it. It's a high risk maneuver for them. https://t.co/i0PeahLzic
— CZ Binance (@cz_binance) January 16, 2019
For anyone who cares about the Cryptopia hack, KuCoin will freeze any funds from Cryptopia. Please rest assured.
— Michael Gan (@gan_chun) January 17, 2019
While the full extent of the Cryptopia breach is still unknown, the transactions do show that the hacker moved at least $2.4 million worth of Ethereum (ETH) to several unknown wallets, in addition to roughly $1.2 million worth of Centrality (CENNZ).
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.