CRYPTOPIA HACKED!!!

No fucking way lol...

That's the owner?

Atom Boy

I believe this guy claims to be one of the founders.

This I believe is one too [link to www.godlikeproductions.com]

Some guy claims like $13 Million stolen.

Sad day for da boys...Time to hire sum on da deepweb

Some overdue transparency into the Cryptopia exchange hack

Nobody seems to know:

How the theft took place: How, when, and where were the funds taken?
How much was lost: Cryptopia has not disclosed how much was stolen. Media reports on the total value of stolen assets range from $3m to $13m.
The current status of the stolen funds: We've seen a few blips about exchanges freezing stolen funds, but nothing on how much was frozen or where the rest of the funds sit.

This hack impacts thousands of people who have funds in Cryptopia's custody.

This case is quite different from other high profile hacks we've seen in the past. But before explaining what makes this case so unusual, here is a brief overview of what's been reported and what we can deduce from the blockchain.

All times below are Eastern Time (GMT-5).

Sunday 13-Jan, 8:28am: Funds begin moving out of Cryptopia's two core hot wallets, one holding ether and the other holding tokens.
Sunday 13-Jan, 11:58pm: With the core wallets empty, residual quantities of funds begin leaving Cryptopia's 76k+ secondary wallets, a process that would continue for several days.

Monday 14-Jan, 6:00am: Cryptopia suspends trading, announcing they are undergoing unscheduled maintenance.
Tuesday 15-Jan, 3:00am: Cryptopia discloses the security breach and New Zealand law enforcement steps in.
Thursday 17-Jan, 5:58am: The last of Cryptopia's funds are drained.

By our calculations, the total value of the stolen crypto (ether and various tokens), at current market prices, comes out to about $16 million. This number includes only what's on the Ethereum blockchain (ether and ERC20 tokens). We have not examined the Bitcoin blockchain or other blockchains to see if funds were stolen there as well.

Where are the stolen funds now?
For the last few days, the hackers have been shuffling the funds around in small pieces and gradually moving them into exchanges to cash out.

Of the $16m that was stolen, the vast majority (~$15m) remains in two wallets controlled by the thieves:

0x9007a0421145b06a0345d55a8c0f0327f62a2224
0xaa923cd02364bb8a4c3d6f894178d2e12231655c)

The funds were taken from more than 76k different wallets, none of which were smart contracts. The thieves must have gained access to not one private key, but thousands of them.

The hack continued for days after Cryptopia discovered the breach.

After Cryptopia discovered the hack, they watched the funds continue to flow out of their wallets for four more days, seemingly powerless to stop it. As these wallets were not smart contracts, there should have been no technical complications preventing Cryptopia from securing the funds.

The only plausible explanation for Cryptopia's inaction is that they no longer had access to their own wallets.

It seems Cryptopia not only lost their funds, they also lost access to all, or nearly all, of their 76k+ Ethereum wallets.

<50%

[link to elementus.io (secure)]