Binance Foils Cryptopia Hacker by Freezing Stolen Crypto

Binance has frozen some of the funds that were stolen from crypto exchange Cryptopia during the high-profile hack that occurred earlier this week. Zhao questions why attackers keep on sending the stolen funds to Binance, given that word quickly spreads and the crypto exchange is not shy about halting the flow of stolen funds.

Cryptopia said in a tweet that the breach occurred on Monday. Based in New Zealand, Cryptopia said the hack caused it to suffer “significant losses.” The breach moved at least $2.4 million worth of ethereum (ETH) to several unknown wallets. Also, it moved roughly$1.2 million worth of Centrality (CENNZ).

Still, it’s unclear who was behind the hack that resulted in the redistribution of the stolen funds through Binance and other exchanges. Some have even suggested that Cryptopia may have made the transfers for security reasons.

Reference: https://www.ccn.com/binance-foils-cryptopia-hacker-by-freezing-stolen-crypto/

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