Cryptopia Exchange Reportedly Suffers Another Security Breach

Blockchain analysis platform Elementus released a new report regarding another hack targeting the troubled crypto exchange Cryptopia. According to the report, a January 28 hack targeted 17,000 more Cryptopia user wallets, managing to take an additional 1,675 Ether (worth about $176,000 at time of press).

Elementus’ report states that of the 17,000 freshly siphoned wallets, over 5,000 had already been drained in the original hack 15 days prior. In fact, just two hours after yesterday’s attack, many of the hacked wallets had already been “topped up” with more Ether, perhaps from mining pools that were unaware of the latest attack.

Indeed, the exchange has yet to comment on or confirm yesterday’s hack. Clearly there has been a communication breakdown between Cryptopia and its users, despite the original hack’s heavy media coverage.

With stolen funds going to the same wallet connected to the initial hack, Elementus believes the thief responsible for yesterday’s hack is also responsible for the first attack, which saw $16 million in Ether and other ERC20 tokens stolen over the course of five days.

Nicholas Ruggieri studied English with an emphasis in creative writing at the University of Nevada, Reno. When he’s not quoting Vines at anyone who’s willing to listen, you’ll find him listening to too many podcasts, reading too many books, and crocheting too many sweaters for his dogs, RT and Peterman.

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