Detail Analysis
Date:
Status:
Count:
Contributor:
July 5, 2021
Verified
3
zerofriction.io
Loss Amount:
246,000
Recovered Amount:
-
Currency:
Dollars
KYC By:
Audit By:
None
None
Website:
No data
Twitter:
No data
Discord:
No data
Telegram:
No data
Medium:
No data
Github:
No data
Key Indicators
Platform:
Type:
Category:
Method:
Ethereum, Bitcoin, ERC-20 Tokens
Exchange
Assets
Insider Theft
Extended Method:
Insider theft
Data Sources:
A former employee of the now-defunct Cryptopia exchange allegedly stole more than 250,000 New Zealand dollars (US$182,300) of cryptocurrency and customer data from Cryptopia. However, the New Zealand authorities managed to recover the stolen funds and return them to Cryptopia's liquidator Grant Thornton. The man explained in detail how he stole the funds. He said that he unauthorizedly copied the private keys belonging to Cryptopia's many wallets and saved the data on a USB storage device. Then he uploaded the data to his personal computer at home. This allows him to use thousands of wallets and more than 100 million U.S. dollars in various cryptocurrencies.
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