Cryptopia Reveals Estimate Of Stolen Digital Assets

Cryptopia, which is a cryptocurrency exchange based in New Zealand, has just revealed some interesting details pertaining to the losses it accumulated. It is worth noting that the firm became a victim of a recent hack, which reportedly led to millions of stolen cryptos.

Revealing the Stolen Digital Assets

After almost being silent following the breach, the company released a series of updates on Twitter. While it gave a slew of updates about the problem it went through, the most notable one is the reveal on the figure concerning the total assets lost. Apparently, these assets were stolen due to the hack the company experienced.

Cryptopia said that it is still performing some assessments, which are mostly focused on the impact incurred following the hack. The exploit, in particular, reportedly took place sometime in January this year. As of press time, the company said that the worse-case scenario could offer around 9.4 percent of its total holdings. And yes, this percentage refers to the stolen digital currencies.

The only catch, however, is that the aforementioned crypto exchange did not provide specific details about the amount when it comes to monetary value.

The Hack History

It should be noted that the company went offline on January 15, just a couple of days following the infamous hack. At that time, it said that it greatly suffered from a “security breach,” the type that resulted in significant losses. The exchange, however, did not reveal any specific information and, at the same time, refused to give out any comment whatsoever. Apparently, it remained silent, especially since there is an ongoing investigation led by the New Zealand Police.

According to a blockchain data analytics company, the attack is responsible for the loss of around $16 million in Ether and ERC-20 tokens. What is worse, the hackers were still able to take hold of the company even after the authorities’ involvement. They were even successful in stealing additional ether and wallets of around 1,675 and 17,000, respectively. During the report, the figures were reportedly equivalent to an amount of more or less $181,000.

Cryptopia immediately warned its users to steer clear from depositing funds into the old addresses. As for the New Zealand authorities, they are expecting the investigation to reach completion by mid-month. The company tweeted that it the police department has given back the full access to its very own building. Greg Murton, the detective inspector of the New Zealand Police, claimed that the investigation is not only progressing well but advancing on many fronts as well.