New Zealand-based cryptocurrency exchange Cryptopia, hacked on 14 January, has not yet officially disclosed the damage caused by hackers. But crypto enthusiasts did preliminary calculations, tracking transactions from the exchange after the hack.

Millions of dollars

According to the New Zealand police, the hackers managed to steal a "significant amount" in cryptocurrency. But neither the law enforcement agencies nor the crypto exchange itself did not state the exact amount of losses.

But on bitcoin-dedicated forums and in social networks, crypto enthusiasts publish data citing information about possible losses that can be traced through public blockchains. Thus, they were able to identify one of the alleged addresses of the hacker’s wallet, which received voluminous transactions while Cryptopia had already announced that it had entered in the maintenance mode.

If the address of the wallet is determined correctly, cybercriminals managed to steal a lot of ERC-20 tokens, including, among others, Dentacoin, Metal, Ormeus Coin, PowerLedger, Revain, Zap Token, TrueUSD, Centrality, InvestFeed, PILLAR, Golem, Jetcoin, Fabric Token, DALECOIN, Soniq, VOISE, SpankChain, Mothership, and Oyster Pearl. Possible losses amount to $11 million and even more, calculated crypto enthusiasts.

According to other users, also tracing transactions from Cryptopia, the value of stolen cryptocurrency can reach $13 million.

Frozen assets

A part of stolen tokens was transferred to the Binance accounts. But its experts identified a dubious transaction and frozen tokens, Binance CEO Changpeng Zhao said in his twitter.

"Just checked, we were able to freeze some of the funds. I don't understand why the hackers keep sending to Binance. Social media will be pretty fast to report it, and we will freeze it. It's a high risk maneuver for them."

Users also determined that part of stolen funds were moved to other trading platforms, such as KuCoin, CoinExchange, MobileGo, and others.