Cryptopia Exchange, Currently in Liquidation, Gets Hacked Again: Report

The hacked wallet belonged to a creditor, U.S. firm Stakenet, which had not lost funds in the 2019 hack, as reported by Stuff.

Feb 20, 2021 at 9:19 a.m. UTC
Updated Sep 14, 2021 at 12:14 p.m. UTC

The Cryptopia exchange has reportedly been hacked again, even as it is being liquidated following a previous breach that stole NZ$24 million (US$15.5 million).

  • According to a Stuff report Thursday, a creditor, U.S. firm Stakenet, has been told that about NZ$62,000 (US$45,000) in the XSN cryptocurrency had been transferred out of its cold wallet on Feb. 1.
  • Unused since the first Cryptopia hack in January 2019, the wallet is reported to contain crypto assets worth NZ$2.7 million (US$1.97 million) in total.
  • Liquidator Grant Thornton New Zealand said it hadn't authorized the movement of funds and 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.
  • “If this unauthorized 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,” the company told Stuff.
  • The news comes soon after Grant Thornton finally started allowing former users of the exchange to enter claims to retrieve their assets.

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