The decline of the Cryptopia: hackers stole $45000
Surprisingly, modern digital criminals have learned to profit even from non-working projects. Yes, it may sound strange, but now you don’t have to look for a working company to steal funds from it. This was proved by unknown digital criminals who attacked Cryptopia today. Representatives of the project announced that their wallet was robbed. Stolen 45 thousand dollars in cryptocurrency. And, remarkably, the project was already in the process of liquidation. This is a unique case that definitely deserves a detailed analysis. So let’s get started.
First, let’s outline the context of the upcoming story. Cryptopia is a company of which there are many. An interesting concept, great prospects and ambitions crashed against the harsh market reality. As a result, this Dutch exchange announced its own closure in 2019. Almost everyone has already forgotten about the project, as the developers promised to return the investment and closed the company. The funds were allocated in a cold wallet. The total balance sheet is almost $ 2 million. It is noteworthy that we are talking about cold storage. Which are known to be considered the most advanced cryptocurrency storage solution. Nevertheless, even a high degree of protection did not prevent unknown users from withdrawing 45 thousand dollars from the account.
The funds went to an unknown vault. The case is already being investigated by the wallet manufacturers in conjunction with representatives of Cryptopia. It is quite possible to contact the police on the fact of theft of funds. However, skeptics do not exclude the possibility that the founders of the company themselves are behind the loss of funds. The theory really has a right to exist. After all, all 2 million is money that needs to be returned to users. That is why the Cryptopia developers could well go all out and try to take some of the funds for themselves in such an unusual way.
But we are sure that the representatives of this once promising project would not have dared to accept such a dishonest reception. Most likely an advanced cold storage hack. A possible reason is that the wallet has not been used for a long enough time. The last operations were carried out even before the project was closed. Which, recall, took place in 2019. It is quite possible that hackers saw an easy target in Cryptopia back then and only now were able to achieve their goals. Now let me tell you why this event is so much more important than it seems.
How is the Cryptopia situation affecting the industry?
This is a good example of the fact that no project in the digital industry is protected from hacking. Even a company that has officially ceased to exist is forced to think about its own safety. After all, the possession of large sums automatically makes the project a target for hackers. Who will definitely find a way to hack even the most advanced storage. Ordinary users should also learn a lesson from this situation. The first thing to note is the need to be careful about the security of your digital assets. We strongly recommend that you create strong passwords and only use strong money management tools. Never keep money on digital platforms as they are much easier to hack than any cold wallet.
Remember that an exchange and online storage is a small capital solution. Really large sums of money should be placed on specialized devices. Otherwise, the likelihood of theft of funds dramatically increases. The main thing is to follow the news of the cryptoindustry. To stay up-to-date with current events in the world of Blockchain and technology, follow the news with us. We publish only high-quality and interesting material. Thanks for attention. Good luck!