{"id":20484,"date":"2019-02-27T17:50:19","date_gmt":"2019-02-27T17:50:19","guid":{"rendered":"http:\/\/ci027cfe70e00f2697"},"modified":"2019-02-27T17:50:19","modified_gmt":"2019-02-27T17:50:19","slug":"cryptopia-calculates-94-percent-assets-stolen-january-hack","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/culture\/cryptopia-calculates-94-percent-assets-stolen-january-hack","title":{"rendered":"Cryptopia Calculates That 9.4 Percent of Assets Stolen in January Hack"},"content":{"rendered":"
<\/div>
<\/figure>\n

The New Zealand-based crypto asset exchange Cryptopia has made their assessment of a January hack, claiming that up to 9.4 percent of all their assets were stolen.<\/p>\n

In January 2019, the exchange went offline<\/a> after publicly reporting a \u201cmajor security breach,\u201d which likely resulted in a theft of at least $3 million USD. Promising to involve several of the nation\u2019s law enforcement agencies, Cryptopia\u2019s announcement also stated that all of the exchange\u2019s functionality and trading services would be suspended until further notice.<\/p>\n

The exchange, as well as Cryptopia\u2019s website<\/a>, are still down in late February. Users have been left largely in the dark as to any updates on the site\u2019s functionality or Cryptopia\u2019s plans to deal with the fallout of this hack.<\/p>\n

On February 26, 2019, the exchange\u2019s Twitter account began posting several updates to the situation. First, they claimed<\/a> to have calculated a worst-case scenario for January\u2019s hack: up to 9.4 percent of all holdings in the exchange. Later that same day, tweets on the account suggested that the exchange is making preparations to reopen<\/a> trading by securing individual accounts, though a later tweet instructs<\/a> users to not deposit any further funds into their old wallet addresses. Cryptopia\u2019s Twitter account is promising future updates to come regarding the site\u2019s reopening.<\/p>\n

According to a Chainalysis report<\/a> issued at the beginning of February 2019, it is likely that this hack and several others were perpetrated by two groups, dubbed \u201cAlpha\u201d and \u201cBeta.\u201d These hackers displayed a sophisticated method of funneling stolen crypto assets into a variety of wallets and exchanging said assets into fiat without leaving a trail that investigators could follow.<\/p>\n","protected":false},"excerpt":{"rendered":"

The New Zealand-based crypto asset exchange Cryptopia has made their assessment of a January hack, claiming that up to 9.4 percent of all their assets were stolen.<\/p>\n","protected":false},"author":2545,"featured_media":20485,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[1717,357,2606],"class_list":{"0":"post-20484","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-culture","8":"tag-assets","9":"tag-exchanges","10":"tag-hacks"},"author_data":{"id":2545,"name":"Landon Manning","nicename":"landon-manning","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/img_2749-96x96.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/cryptopia-calculates-that-94-percent-of-assets-stolen-in-january-hack.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/20484","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2545"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=20484"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/20484\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/20485"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=20484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=20484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=20484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}