After Cryptopia announced its closure, the hackers decided to step up and move and sell the stolen goods.

According to the Whale alert monitoring, huge sums were transferred to the Etherdelta and Huobi exchanges over the past days.

It seems that hackers are trying to move funds in an attempt to entangle traces and sell at least some of their assets.

Hackers have begun to transfer funds over the weekend and seem to continue to do so now. In the last 2 days, about 23 transactions were completed.

At the moment, the management of Huobi has not commented on the movement of tokens, and Etherdelta is unlikely to intervene in anything. Twitter user ImBagsy also noticed that crazy transactions were made on the ELF / ETH pair on Etherdelta.

It seems that hackers are more likely to continue to exchange ETH for ELF.


Zorain Zubair
Zorain is co-founder of TechLapse. Based in Pakistan, Zorain is currently studying Business Management and aims to achieve the title of Chartered Accountant. Zorain loves writing about various technology news. He can be reached at: [email protected]
0 0 votes
Article Rating
Notify of
Inline Feedbacks
View all comments

You may also like

More in:Crypto