Some overdue transparency into the Cryptopia exchange hack
Contents
Some overdue transparency into the Cryptopia exchange hack
In the five days since the Cryptopia hack was first reported, we've seen surprisingly little information about what actually happened.
Nobody seems to know:
- How the theft took place: How, when, and where were the funds taken?
- How much was lost: Cryptopia has not disclosed how much was stolen. Media reports on the total value of stolen assets range from $3m to $13m.
- The current status of the stolen funds: We've seen a few blips about exchanges freezing stolen funds, but nothing on how much was frozen or where the rest of the funds sit.
This hack impacts thousands of people who have funds in Cryptopia's custody. While Cryptopia may have their reasons for remaining quiet, we think it's important for the facts to be known.
Ironically, definitive answers to all the questions above are hiding in plain sight, encoded in a public database called the …
In the five days since the Cryptopia hack was first reported, we've seen surprisingly little information about what actually happened.
Nobody seems to know:
- How the theft took place: How, when, and where were the funds taken?
- How much was lost: Cryptopia has not disclosed how much was stolen. Media reports on the total value of stolen assets range from $3m to $13m.
- The current status of the stolen funds: We've seen a few blips about exchanges freezing stolen funds, but nothing on how much was frozen or where the rest of the funds sit.
This hack impacts thousands of people who have funds in Cryptopia's custody. While Cryptopia may have their reasons for remaining quiet, we think it's important for the facts to be known.
Ironically, definitive answers to all the questions above are hiding in plain sight, encoded in a public database called the …