Cryptopia Exchange Liquidates, Hacked Again; Report Said

After liquidation from a previous breach that stole NZ$24 million (USD 15.5 million), Cryptopia is reportedly hacked again. The hacked wallet belonged to a creditor, U.S. firm Stakenet, which had not lost funds since the 2019 hack, Stuff reported.

Stuff report Thursday reportedly said, a creditor, U.S. firm Stakenet, said that about NZ$62,000 (US$45,000) in the XSN cryptocurrency had been transferred out of its cold wallet on Feb. 1.

Since the first Cryptopia hack in January 2019, the wallet is reported to contain unused crypto assets worth NZ$2.7 million (US$1.97 million) in total.

Responding to the report, liquidator Grant Thornton New Zealand said it hadn’t authorized the movement of funds. It restated that it is investigating the incident, according to an email seen by Stuff.

Stakenet had not lost funds in the 2019 hack and had been hoping to eventually receive all its assets back.

According to what the company told Stuff:

“If this unauthorised transaction has happened under Grant Thornton’s watch then they need to explain to the users why they failed to secure … [the] assets like they were supposed to do and how someone was able to access them.”

Alternatively, here is a call to explore options of protecting users funds in a hardware wallets. Example of such hardware wallets is BC vault wallet, a first of it’s kind secure wallet that allows users control their keys and invariably assets.

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