Controversy still rages around the defunct New Zealand cryptocurrency exchange, which has reportedly been hacked again. In addition to the $30 million stolen in 2019, Cryptopia reports that the 1st. There was another flight incident in February 2021.
hackers gained access to a dormant XSNtoken wallet.
According to Stuff.co.nz, the hackers captured approximately 62,000 ($45,000) in malicious money from the disrupted cryptocurrency exchange. The warning first came from Stakenet, a US blockchain company.
The investigation revealed that the hackers gained access to the wallet, which had been inactive since the January 2019 hack, during which the cryptocurrencies suffered a loss of more than $30 million.
The portfolio is owned by Stackenet and controlled by Cryptopia’s liquidators, Grant Thornton. According to the findings, the dormant wallet contained XSN, Stackenet’s native token, worth about $1.96 million.
A spokesperson for the US blockchain company commented:
We were not aware in advance of the planned removals, so of course we immediately contacted [trustee] Grant Thornton, who would oversee these assets and be responsible for distributing them to the rightful owners.
In addition, a spokesperson for Stakenet noted that Grant Thornton must explain how the incident occurred and why they were unable to prevent it:
If this unauthorised transaction took place under the supervision of Grant Thornton, they must explain to users why they failed to protect [their] assets, how they should have done so and how someone could have gained access to those assets.
A former employee is accused of stealing more than $182,000 from the trade show.
The liquidators of Cryptopia were appointed in May 2019 to begin the process of closing the cryptocurrency exchange. At press time, they had not made any public comments on the latest alleged hack.
But the chain of problems seems to have no end in sight for cryptocurrency exchanges. This incident comes several months after a former employee allegedly stole more than NZD250,000 (182,300) in Cryptopia, as well as data from Cryptopia customers. However, New Zealand authorities managed to recover the stolen funds and return them to Grant Thornton.
What do you think of this latest incident in Cryptopia? Let us know your comments in the section below.
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