30,789 ETH Transfered from Cryptopia Hack Wallet to Unknown Wallet

Cryptopia has had a rough year so far. A major hack and a longtime delay in relaunching their services have undoubtedly shaken investors and the staff themselves. Now, in a new tweet from Twitter user “Whale Alert,” it appears that a massive transfer has taken place in ETH from the same wallets that were involved in the massive attack on the Cryptopia exchange several months ago.

30,789 #ETH (4,288,847 USD) transferred from Cryptopia Hack to Unknown wallet Tx: https://t.co/aG7QtT58bt — Whale Alert (@whale_alert) March 29, 2019

The specific transaction in question involves a wallet named Cryptopia: Hack 2, which transferred 30,789 ETH to an unknow wallet address. The wallet has already seen 27 transactions, with most of them being received funds transactions that have occurred as recently as 32 days ago. However, there are two transactions that happened today within almost an hour of each other.

The first transaction was posted to Whale Alert, going to 0x3fbAa73A433DAa0F6c43D1c732c3F97A86F3a427.

https://whale-alert.io/transaction/ethereum/480ba3b8ec861b1adb78fe7cd7e4c2b543503cfd635ade023255511372d5d3e5

For the “unknown” owner of the address, there has been two transactions total. One of the transactions was the one reported by Whale Alert. The other occurred 16 minutes prior, which was a deposit from address 0x30D4bFfec44037f5fE9d4336968c573CBa9d018A of 0.99979. Right before this transaction took place, the wallet received a deposit from Cryptopia: Hack 2 as well for that exact amount.

The only details available beyond the wallet address is a comment from another user.

http://disq.us/p/20s0xi1

Presently, the full balance of this unknown wallet is worth over $4.2 million, holding 30,789 ETH. There are no other transactions out of the company yet, so there is plenty of room for speculation at this point. Could the unknown address be the final resting place of these missing funds? Will, could this be the source where Cryptopia could replenish their lost funds? Are the hackers trying to hide their trail through multiple addresses? All of these options are possible, but the only way to see where the funds are going is to watch this wallet address.

The January hack of Cryptopia captured the wallet addresses, withdrawing from them multiple times before the company managed to shut down their services. The case was reported to the police, but some consumers continued to deposit into their wallets at that time. The scammers kept going after the same wallets repeatedly, and Cryptopia ultimately told investors to create new wallets before starting to interact with the platform again.

This week, Cryptopia made an announcement that any deposits that were deposited through the exchange 24 hours after the announcement of the attack or later will not be reimbursed. At this point, no mention has been made on Cryptopia’s social media regarding this matter.