$3.2 Million From Cryptopia Hack Liquidated On Major Crypto Exchanges
The infamous Cryptopia hack of January 14, which led to over $16 million in stolen Ethereum and ERC20 tokens, has been under close investigation by New Zealand police and specialists worldwide.
Thanks to the open nature of cryptocurrencies on the blockchain, analysts and investigators have been successful in tracking the stolen crypto funds, leading major cryptocurrency exchanges to liquidate $3.2 million in stolen tokens on February 4.
Blockchain analysis firm Elementus has been keeping close tabs on the proceedings following the Cryptopia hack, and announced via Twitter the liquidation of $3.2 million tokens on major crypto exchanges.
At first, it was thought the hack resulted in the loss of around $3.6 million worth of crypto, until Elementus informed the crypto community that a staggering $16 million was actually stolen.
According to Elementus, as of February 4, a total of $3.2 million in stolen tokens from Cryptopia have been liquidated by various crypto exchanges, most of them going through Etherdelta.
Jeremy Wall’s original article for investinblockchain.com reduced by 63%
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