Cryptopia Hack: At Least $3.6 Million Lost

Cryptopia is the latest exchange to be hacked, losing at least $3.6 million in cryptocurrency on 14th January 2019. In a statement acknowledging the breach, Cryptopia staff have handed investigations over to the local authorities. In the meantime, the site has been taken offline, into maintenance mode.

Understandably for some, this is a tense moment. Many exit scams begin with maintenance mode and similar messaging, and end with the complete disappearance of the site owners. However, given that they have self-reported to New Zealand’s police, it would be surprising for them to try to disappear now.

Mitigation is underway, with exchanges like Binance freezing tokens which they allege were funds from this Cryptopia hack:

The total amount of assets stolen is as yet unclear. We will be covering the story as it unfolds.

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