Cryptopia hack: Over $7 million worth of Ethereum [ETH] transferred by hacker to unknown wallet

The New Zealand cryptocurrency exchange, Cryptopia, which fell to its doom due to a security breach that occurred earlier this year, continues to stay in the headlines. The attacker, who almost drained the exchange’s entire Ethereum wallets, has been transferring the stolen funds since the beginning of the day.

Whale Alert, a Twitter account that tracks the large sum of cryptocurrency transactions for all the top coins, has been tracking the movements of all coins compromised to recent hacks. A few minutes ago, the social media account showed that large sum of Ethereum tokens was further being moved to a different wallet. A total of four different transactions were completed, with around 29770.7290449 ETH [over $7 million] were transferred within 15 minutes.

“30,790 #ETH (7,740,465 USD) transferred from Cryptopia Hack to unknown wallet […] The recent Cryptopia Hack transfer very likely went to a #Huobi deposit wallet. From there it has probably been sold for other coins.”

MisterCandyMan had stated on Twitter,

“This is a problem though because they’re never gonna be able to identify the hacker!”

                    Cryptonews