The security breach which lead to the carting away of funds on the Australian crypto exchange platform Cryptopia at the early part of the year is yet to fade away from headlines in the cryptocurrency space as series of updates surface on daily basis.
In the early hours of the day, a report claimed that some of the ETHs stolen from Cryptopia’s Ethereum wallet have been transferred to different exchanges which are yet to be identified. 30,790 ETH (over $7.778 million) and 10 ETH (over $2,500) were moved to some unidentified exchanges.
The hacker sent 30790 #ETH (~$7.67M) to a new address (Yellow) and then sent 10 ETH (~$2500) to an exchange address (green) that then landed on their Hot Wallet. https://t.co/xJ5bGphf44 pic.twitter.com/GqOUMgi7Kh
— Coinfirm (@Coinfirm_io) May 20, 2019
However, Whale Alert, in a latest update, disclose that another 500 ETH, circa 125,295 USD, from the Cryptopia stolen funds, have been transferred out, but this time, to an identified exchange.
“500 ETH (125,295 USD) of stolen funds transferred from Cryptopia Hack to Etherdelta,” Whale Alert noted.
The transaction, when confirmed through the link given by Whale Alert, took place on Tuesday, 21 May 2019, at exactly 16:07:44 UTC.
The situation of the exchange seems to be worsening even though the firm backing it unveiled series of schemes to cushion the effect. Cryptopia’s appointment of David Ruscoe and Russell Moore as liquidator last week to help unravel the hiccups caused by the attack, but people are viewing this effort as being futile owing to the fresh report of the transferred stolen ETH funds.
Some observers have even stated that CZ Binance or Justin Sun could make a buyout negotiation for the exchange as the situation exacerbates.
Zilliqa (ZIL) Displays Impressive Buy Volume in the Last Few Days
After the unforgettable fall cryptocurrencies experienced from the first quarter of 2018 to 2019, the market is trying to return to shape as Bitcoin led the race which started from the beginning of April.
The slight break in rally that made Bitcoin continue to swing between the prices of $7,500 and $8,200 has inundated many with doubt that the crypto market has yet ignited its bull run or we are going to visit the bottom ones again.
However, Zilliqa (Zil), the 45th cryptocurrency on the table by market cap is dyed with beautiful green color as the altcoin began its day trading on the upside trend of the market.
Due to the performance of ZIlliqa in the market, an analyst, after a careful observation of the altcoin’s trend, proclaimed that it is displaying impressive buy volume.
Impressive buy volume on $ZIL the past couple of days.
Definitely one to watch. pic.twitter.com/SrMKhgAho8
— Galaxy (@galaxyBTC) May 21, 2019
The analyst, in a graph reflected that Zilliqa (ZIL) has made a breakout from the restraining force along the bearish zone of the market, and the altcoin is trying to retest the ceiling.