Crypto Fraudsters Cash Out $3.2 Million Stolen From Cryptopia
Scammers managed to cash out stolen digital assets from the Cryptopia trading platform in New Zealand, withdrawing them through various crypto exchanges, user Elementus reported on Twitter.
Crypto fraudsters managed to cash out $3.2 million in total. Most of the funds (over $2 million) were withdrawn via the Etherdelta exchange. Over $335,000 were withdrawn through the Binance platform, and about $326,000 – from Bibox. There are 17 crypto platforms in this list in total.
Meanwhile, law enforcement agencies of New Zealand have officially announced that the investigation is progressing with success. However, it is difficult to call even an approximate time frame for solving the crime, it can last long enough since the cyber environment is considered to be very closed.
Police seek, first of all, to find out the identities of the intruders and return the stolen assets to the owners. For this purpose, the investigating authorities are working closely with the management of the Cryptopia crypto exchange and foreign cyber fraud experts, investigator Greg Murton stated. He assumes that all investigative actions at the Cryptopia premises will be completed in a week.
The Cryptopia crypto exchange was attacked in the second decade of January 2019. The total amount of stolen funds is estimated at $16 million.
Earlier, CEO of Binance Changpeng Zhao confirmed that hackers were sending stolen funds from the Cryptopia platform to his crypto exchange.