Back in January this year, Cryptopia, the crypto exchange faced a major blow. Hackers hit the firm and got away with $16 million worth of Ethereum. A few days ago the exchange entered liquidation and eventually shut down for good. Everything seems to have finished with the Cryptopia hack incident. However, it’s not over yet. Recently hackers have been making a move with the loot.

Apparently, the crackers are now moving the funds into various wallets. This move has been noticed by CoinFirm who says the hackers have been transferring their loot into major exchanges. They are continuously moving the funds into various wallets. Some of these wallets are of Huobi deposit and the funds are moving to Huobi hot wallets. So, from what it looks the hackers are planning to encash the crypto via the exchanges.

Crypto exchange hacks are one of the major concern in recent times. It is one major reason why people still don’t trust crypto in some regions. Another recent example of crypto jacking is the recent Binance security breach where the hackers stole 7000 Bitcoins.