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ID:

cryptopia-307

Date:

Status:

Incident Count:

July 5, 2021

Verified

3

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REKT

Contributor:

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zerofriction.io

KYC By:

KYC:

None

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Audit By:

Audits:

None

Loss Amount:

246,000

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Recovered:

-

Rewards:

Currency:

USD

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Ethereum, Bitcoin, ERC-20 Tokens

Exchange

Assets

Insider Theft

Extended Method:

Insider theft

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Days in Operation:

2844

(7.79 Years)

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A former employee of the now-defunct Cryptopia exchange allegedly stole more than 250,000 New Zealand USD (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. USD in various cryptocurrencies.

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